Is EA Black Dragon reliable for your trading account? Should you buy this system for a better trading experience? Read this review to find out if this forex robot is worth your money or not.
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About EA Black Dragon
EA Black Dragon is a forex robot available on MQL5 website. The developer of the EA is Ramil Minniakhmetov from Russia.
According to the vendor, the system can be purchased at the rate of $30 with a free trial.
EA Black Dragon claims to give advantage in the financial market with its expert strategy. Here, the system can use modified stochastic to enter trade as well as the black dragon indicator as a filter.
EA Black Dragon: Reasons to Avoid this Expert Advisor
Firstly, EA Black Dragon is a forex robot that fails to pay attention to details. The sale pitch of this Expert Advisor shows some transparency issues with the product.
Secondly, the system has no cash back for the product. There is no guarantee that your money will be refunded if the product does not work as it is claimed to be.
More so, the customers’ feedback is pretty worrisome. There are many customer reviews on MQL5 where the product is sold of which they all sound too good to be true. It is a way to lure traders into buying the Expert Advisor.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
EA Black Dragon Trading Strategy
EA Black Dragon uses a strategy that is not clear and the vendor does not bother to give an explanation on his trading strategy.
Also, the system operates on GBP/USD and EUR/USD currency pair, and on a M15 time frame.
In addition, the provider recommends $1000 deposit and advises to contact the vendor for instructions and bonus after buying the product.
EA Black Dragon Trading Results
The back test report of ten years showed trades of 3342 with a deposit of $1000 and the total net profit of $308,951.
The EA had a trade of 119 of which the best trade is $638 and the worst trade is -$90.94. The recovery factor shows 49.35 whereas the profit factor is 16.91.
Conclusion: Is EA Black Dragon a Reliable Forex Robot?
EA Black Dragon does not seem like a reliable forex robot for traders even though it promises offers that look good to be true.
More so, not guaranteeing forex traders a refund for their money if the system does not prove trustworthy as it claims is a con.
Because this EA does not consider it necessary to provide information, we do not recommend this forex robot for trading.
Kindly share your comment about this broker in the comment section.
