EA Red Dragon

S/R breakdown EA · Adaptive trailing · Small stop-loss · Drawdown protection · MT4

About EA Red Dragon

The EA Red Dragon is an Expert Advisor for MetaTrader 4, available on the MQL5 Market (product/14599). It trades based on the breakdown of the most important support and resistance levels — a classic, objective price-action approach that identifies key institutional zones and enters when price decisively breaks through them.

The EA employs an adaptive trade trailing algorithm combined with a deliberately small stop-loss to protect the account from significant drawdowns — a design choice that prioritises capital protection over holding for large moves. The strategy is built for both MT4 and MT5, with the MT5 version adding features like a high-frequency scalping engine, multi-pair opportunity scanning, AutoLot sizing, and a spread protection filter.

Platform: MetaTrader 4 (also MT5)
Strategy: Support/Resistance breakdown trading
Risk management: Adaptive trailing + small stop-loss for drawdown protection
Source: mql5.com/en/market/product/14599

Key Features

✓ Objective S/R breakdown strategy — trades confirmed structural breaks, not subjective pattern reading

✓ Adaptive trailing algorithm — dynamically locks in profit as the trade develops

✓ Small stop-loss design — deliberately limits drawdown exposure per trade

⚠ Small stop-loss can mean more frequent stop-outs in choppy/volatile conditions — verify performance across varied market regimes

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