Little Dragon EA - Comprehensive Guide

"Trade with Precision – Let the Dragon Hunt for Profits!"

🔹 Overview

The "Little Dragon" EA is an advanced MetaTrader 4 (MT4) expert advisor designed for forex trading, utilizing Ichimoku Cloud and ZigZag indicators for high-probability entries. It features smart money management, trailing stops, and multi-strategy execution to maximize profits while minimizing risks.

📌 Key Features:

Ichimoku Cloud & ZigZag-Based Strategy (High-accuracy trend detection)

Auto-Trailing Stop & Dynamic Take Profit

Risk Management (Lot Size & Equity Protection)

Averaging System (Martingale or Fixed Multiplier)

Time-Based Trading Filter (Avoids volatile market hours)

Real-Time Dashboard (Displays account stats & trade performance)

⚙️ EA Settings & Configuration

1. License & Security

Expiry Date: 31/12/3000 (Permanent license for account 5185319)

Account Lock: Optional (Restricts EA to a specific account number & name)

2. Trade Execution

Magic Number: 1001 (Unique trade identifier)

Auto Lot (MM): True/False (Risk-based or fixed lot size)

Base Lot: 0.01 (Adjustable)

Risk per Trade: 1% (If MM enabled)

3. Take Profit & Stop Loss

Take Profit (TP): 10 pips (Fixed or dynamic)

Stop Loss (SL): 20 pips (Optional)

Max Loss (% Equity): 0% (Auto-stop if equity drops below set %)

4. Trailing Stop

Trailing Start: 5 pips (Activates trailing stop)

Lock Profit: 2 pips (Secures profits once triggered)

5. Averaging System

Multiplier: 1.4x (Increases lot size after losing trades)

Max Trades: 200 (Prevents over-averaging)

6. Time Filter

Active Hours: 00:30 - 23:30 (Adjustable)

📊 How It Works?

🔹 Entry Conditions

BUY Signal:

Price breaks above Ichimoku Cloud + ZigZag confirms uptrend.

Low volume (avoids false breakouts).

SELL Signal:

Price breaks below Ichimoku Cloud + ZigZag confirms downtrend.

Low volume (avoids false breakouts).

🔹 Exit Conditions

Take Profit (TP): Fixed or trailing.

Stop Loss (SL): Fixed or dynamic (trailing).

Auto-Close: If market moves against the trade beyond SL.

🔹 Risk Management

Equity Protection: Closes all trades if loss exceeds set %.

Martingale/Averaging: Optional (increases lot size after losses).

🚀 Performance Tips

✅ Best Pairs: Works well on EURUSD, GBPUSD, XAUUSD (Gold).

✅ Recommended Timeframe: H1 or H4 for stable signals.

✅ Risk Setting: Start with 0.5-1% risk per trade.

✅ Avoid High Volatility: Disable during major news events.

⚠️ Important Notes

Works on Demo & Live Accounts (Check broker restrictions).

Requires Low Spread (Ideal for ECN brokers).

License Lock: Some versions require account verification.

📜 Developer & Source

Developed by: R.KH (2025)

Official Website: www.robomql.com