Red Dragon MT5 (Official version) | GroupBuy

What is Red Dragon MT5?

Red Dragon Scalper EA MT5 is a fully automated high-frequency scalping Expert Advisor designed for the MetaTrader 5 platform. It focuses on capturing small, rapid profits from short-term market volatility by combining price action confirmation with multiple technical indicators.

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About the Developer

• Author:  Sarfraz.
• Experience: Over +1 years of experience on MQL5.
• Notable Products: Red Dragon MT5, Black Wave MT5, White Dragon Alpha AI MT5, Apex Legend EA MT5 and other advisors.
• Flagship Product: Red Dragon MT5 is rated as the best performing product of the year.

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Red Dragon MT5 Overview

Key Features of Red Dragon MT5

• High-Frequency Scalping Algorithm: Designed to capture small profits from rapid market movements.
• Price Action Confirmation Logic: Waits for validated support or resistance reactions before executing trades.
• Fast Entry and Exit Execution: Trades are typically opened and closed within minutes or seconds.
• Short-Term Market Analysis: Optimized for identifying quick opportunities in volatile conditions.
• Multi-Indicator Strategy Framework: Combines technical indicators with price action signals.
• XAUUSD Scalping Optimization: Primarily designed and tested for Gold trading.
• Fully Automated Trading Engine: Executes market analysis, entries, and exits without manual intervention.

Additional Features  

• Integrated Stop Loss & Take Profit: Every trade includes predefined SL and TP for strict risk control.
• Multi-Pair Market Scanning: Monitors multiple currency pairs simultaneously for potential setups.
• Auto Lot Sizing System: Calculates lot size automatically based on account balance and risk settings.
• Custom Risk Percentage Control: Allows traders to define risk per trade when AutoLot is enabled.
• Spread Protection Filter: Prevents trades when spreads exceed the configured maximum.
• User-Friendly Input Parameters: Adjustable lot size, SL/TP, risk percentage, and spread settings.
• Magic Number Trade Identification: Easily tracks EA trades within the trading terminal.

Why choose Red Dragon MT5?

• Precision Scalping Logic: Focuses on confirmed high-probability setups rather than random entries.
• Volatility-Based Opportunity Detection: Identifies fast-moving market conditions ideal for scalping.
• Disciplined Risk Management: Every trade is protected with predefined stop loss and take profit.
• Flexible Risk Customization: Supports both fixed lot and automated risk-based position sizing.
• Multi-Market Monitoring: Scans several instruments simultaneously for trading opportunities.
• Optimized for Low-Latency Execution: Performs best with ECN brokers and fast execution environments.
• Fully Automated Workflow: Allows traders to run the system 24/5 with minimal manual oversight.

Red Dragon MT5 Backtest Results

🔺XAUUSD pair –  9 months – LOW RISKstrategy

• Initial Deposit: $10,000
• Total Net Profit: $34,912.44
• Win Rate (% of total): 94.46%
• Maximum Drawdown: 5.03%

Red Dragon MT5 Backtests

🔺XAUUSD pair –  9 months  

• Initial Deposit: $10,000
• Total Net Profit: $18.4 million
• Win Rate (% of total): 94.46%
• Maximum Drawdown: 3.03%

Red Dragon MT5 Backtest

What’s Included in the Download Package?

• Setting (If Any).docx
• Installation Guide.docx

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Conclusion

In summary, Red Dragon MT5 is a high-frequency scalping Expert Advisor built to capture fast profits from short-term market volatility, particularly on XAUUSD. Developed by Sarfraz, it combines price action confirmation with multiple technical indicators to identify precise entry points while maintaining disciplined risk management through built-in stop loss, take profit, and spread protection.
With strong backtest results showing win rates above 94% and controlled drawdown levels, Red Dragon MT5 offers a powerful automated scalping solution for traders seeking rapid execution and consistent performance on the MetaTrader 5 platform.

>>> Reviewed by Jason Stap