FREQUENTLY ASKED QUESTIONS
What is the monthly gain on dragon?
We are targeting 15+% a month on our standard account. You can set up your own risk to lower or higher levels. It is user decision.
What about bank holidays and gap weekends etc?
If market not open then EA won't trade. This depends on the broker closing days.
Will it run on my broker?
It will run on ANY MT4 broker that offers the GBPJPY instrument.
Will the performance be the same in every broker?
Typically no. There are many variables that can explain why trades differ in brokers, liquidity, feed quality, spread fixed or dynamic, differences in spread width and whether the market is spot or futures. Over a long period the difference will be negligible as it will balance over time. More critical is your broker performance in terms of execution, fills and minimal slippage. If you use same broker as us, result will be identical.
Will it work on any currencies?
Yes, it will run but as Dragon is not designed for other pairs other than GBJPY, run on other pairs at your own risk.
How to trust and select a good EA?
In order to trust an EA you need to check its live results, trading statements. One of the most trustworthy platform to analyse performance is MYFXBOOK.com, where you can see all these info.
Who is the best broker?
You can use any broker, we can guide you on brokers. Typically, we suggest 1 of IC, Axi, Vantage or Tickmill. All well regulated, good spreads and trusted.
Do I need a VPS?
Not really, you can run on home PC as long as it remains untouched. But a VPS is the ultimate solution. EA will run quietly away on the VPS and you can monitor on your phone during the day. We use www.vpsenry.com Advanced VPS.
What is the minimum account size to run the DRAGON?
You can run it from €200 in any MT4 with 0.01 lot size, only requires €2.5 margin per $10k position.
Do you provide support and installation help?
Yes, we can provide you email support and guide you through the install process.
Do I need to check it every time and change setting??
Once you setup it up at first time, it will be full on autopilot and you don't need to change or check anything. EA will open and close trades in profit automatically.
How often does it trade, or different time frames?
Each system is different, please check each systems individual page.
I'm from the USA, can i use it?
Yes, if your broker has GBJPY instrument, you can use it.