Welcome to Dragon Forex

About Dragon Forex

In June 2016 we set out with the goal of designing and creating a commercial expert advisor which would be profitable, robust with longevity. During the early development stage, we identified the GBP/JPY as our forex pair of interest. Why I hear you ask? Because no other Forex pair moves quite like it... highly volatile with no liquidity issues the pair is perfect for various trading strategies. Once the pair was identified we set to work, hundreds of hours of price analysis ensued. Identifying unique price movements, optimising entry and exit levels, technical indicators implemented... the result? An Expert Advisor we're proud of.

About GBP/JPY Strategy

Nicknamed "The Dragon", the GBP/JPY has a reputation within the Forex world of wreaking havoc, burning those who trade it. Dragon Forex, instead of fearing the Dragon, have tamed it, and are now confident Dragon riders. We have embraced the strong follow through moves that this pair creates and have distilled the hundreds of hours of analysis into a trend following Expert Advisor. The Expert Advisor operates on two time-frames, hourly (H1) and 4-hourly (H4) on MetaTrader 4. The major advantage of running on two time-frames is for diversification purposes and results will show why we've found this approach to be optimal.

Dragon Forex Strategy

The British Pound (GBP) against the Japanese Yen (JPY) pair denotes how many Yen are needed to purchase one Pound Sterling. GBP/JPY is a pair widely followed by scalpers and forex day traders. Day traders love the wide and volatile swings the pair tends to make on a day by day basis. There is enough liquidity in the pair for scalpers to quickly get into and out of trades. Additionally, forex technical analysis, such as support and resistance trading, tends to work well due to the amount of volume and forex transactions that takes place in the GBP/JPY.

This volume and liquidity carves technical patterns that short-term traders closely follow. GBP/JPY is also a widely followed market for the medium-term and longer-term traders. Since the JPY is historically a low yielding currency, it is often used as a funding currency of a trade. Additionally, with the United Kingdom being one of the larger economies in Europe, the Pound-Yen pair carry trade can be viewed as a proxy for worldwide economic health.

On the other hand, when the markets experience severe risk aversion, this pair has been a proxy for market 'risk-off' moves as the carry trade gets reversed. As a result, GBP/JPY has seen strong trends develop that can be in excess of thousands of pips.

Dragon Forex uses a price action based system where a favourable risk to reward ratio is set by default at 1:1.22 for hourly strategy and 1:2.7 for 4-hourly strategy.

Dragon Forex Expert takes advantage of this highly volatile pair - GBP/JPY, detecting early trend on both hourly and 4-hourly bars allowing move to instinctively follow through.

Dragon Forex Expert demonstrates robust performance in backtesting over a 6 year period without setting alterations, clearly indicating a system that performs in all market conditions.

Dragon Forex Features

Proven
Performance

Over the tested years, Dragon Forex has proven to be a robust, safe and profitable trading strategy available commercially. The EA is 100% automated giving your complete freedom, peace of mind and a stress free trading environment.

Trading
Logic

Dragon Forex strategy is based on price action - The EA identifies strong moves, with trend based on hourly or 4-hourly candle close. The strategy is based on golden rules of trading. Non Grid/Non Martingale system, with a single position taken per time-frame.

Leading
Profitability

Earnings potential is based on risk appetite, Dragon Forex offers either fixed lot or % risk per trade settings. Dragon Forex produced over 32,000 pips in the past 5 years, yes, 32,000 pips combining hourly and 4-hourly results.

Managable
Drawdown

Maximum drawdown seen in backtests is less than 1300 pips over 5 years, not to worry it produced over 32,000 pips in the period tested. As mentioned, draw-down in equity terms is controlled by trade risk management, this is explained in our installation manual.

Trade
Management

Non-martingale/non-grid the Expert Advisor opens one position at a time per time-frame. Stop loss and take profit are fixed by default, however, there is a trailing function built-in.

Strategy
Tests

High quality Tick Data strategy tests from 2011-2016. Live real account trades match up with strategy test results over same period, instilling confidence in results.

Win Rate/
Risk:Reward

Positive risk:reward ratio of 1:1.22 (hourly) and 1:2.71 (4-hourly) with win rate of 54.7% (hourly) and 34.0% (4-hourly). Long-term tests show that we have confidence in our strategy.

Broker
Independent

The EA may be run on any broker and any account type (although we do recommend low spreads and ECN). Trades will be highly similar across all brokers. Higher gains on brokers with lower spreads.

Performance

Dragon Forex trading has been a different class. Below is a graph showing the pip count since testing began. Deep analysis of testing indicated that a blend of 1-hour and 4-hour candle trading proves optimal. It is the case that draw-down was improved using two timeframes. All data can be viewed/verified through the myfxbook links in the Analysis section.



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Your Payment processed securely by ClickBetter. You can start trading immediately on demo after registering your account through email, the Live account version will be validated within in 24 hours of registering account numbers.
Please register your account numbers through email (Response time less than 24 hours).
Detailed Online User Guide walks you through the simple setup process. The EA is fully automatic - No need to configure or optimize settings.
Free updates/upgrades for license duration with purchase. Our R&D team strives to improve and keep the EA competitive at all times.

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Products sold through ClickBetter are sold with a 60 Day 'No Questions Asked' Money Back Guarantee. If for any reason at all you are not 100% satisfied, just let the supplier or us know within 60 days and you'll be provided with a prompt, hassle free refund. All purchases may be refunded during this time at either the purchaser's request, the supplier's request or a request made by the registered agent or the purchaser. Refunds must be credited back to the same account used to make the original purchase. If the original account has been closed, the purchase is not eligible for refund.

Life-Time License
US$499

Includes:

4 Live Trading Accounts

Unlimited Demo Accounts

Free Updates

Life-time Access

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One-Year License
US$199

Includes:

2 Live Trading Accounts

Unlimited Demo Accounts

Free Updates

12 Month Access

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Additional License
US$49

Includes:

1 Additional Live Account

Free Updates

12 Month Access


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Performance has been as shown, absolutely delighted with the EA.

Pierre M., France

I've never bought an Expert Advisor before, I set it up with ease, I had the Dragon Forex Expert running within 15 minutes of purchase.

Rebecca S., England

Backtesting Analysis

Dragon Forex development and technical support teams have conducted various backtests. These results are presented in strategy test reports page and provide members with almost all the basic details required about the EA's historical performance. Many members have requested detailed analysis to be performed in-house. This will be in addition to studies/reviews conducted by independent third party experts.

For backtesting purposes a fixed lot was applied to trades to paint a true picture of returns in terms of pips. The Dragon Forex team will be tracking the live trade performance. The study also presents test results conducted with various parameter alterations and non official internal lab testing results to enable better understanding of the system.

The Strategy Analysis presented below attempts to shed more light into what the member can expect from the EA in terms of future performance. 6 year and year wise backtest results have been presented here to provide a clearer picture of what the equity curve looks like in live trading for each timeframe.


2011-2016 Hourly Backtest with Fixed Lot, click the image for full statistics available through myfxbook.


2011-2016 4-Hourly Backtest with Fixed Lot, click the image for full statistics available through myfxbook.


2011-2016 Hourly Backtest with 2% Risk per trade, click the image for full statistics available through myfxbook.


2011-2016 4-Hourly Backtest with 2% Risk per trade, click the image for full statistics available through myfxbook.


2011-2016 Combined Hourly and 4-Hourly Backtest with Fixed Lot, click the image for combined statement.


2011-2016 Combined Hourly and 4-Hourly Backtest with 2% Risk per trade, click the image for combined statement.

Strategy Analysis


The diagram above shows an example buy trade on the hourly timeframe. The diagram shows when Dragon Forex enters a trade based on price action on the 1-hour candle close. With trend and during periods of volatility are two important factors of why Dragon Forex performs well during certain periods of time. Risk/Reward is a fundamental aspect when considering a trade, with a risk:reward ratio of 1:1.22 a minimum win rate of over 45% (Minimum Win Rate = 1 / (1 + Reward:Risk) will be profitable. This trade was tracked through our live verified account on myfxbook.

The diagram above shows an example buy trade on the 4-hourly timeframe. The diagram shows when Dragon Forex enters a trade based on price action on the 4-hour candle close. With trend and during periods of volatility are two important factors of why Dragon Forex performs well during certain periods of time. Risk/Reward is a fundamental aspect when considering a trade, with a risk:reward ratio of 1:1.71 a minimum win rate of over 37% (Minimum Win Rate = 1 / (1 + Reward:Risk) will be profitable. This trade was tracked through our live verified account on myfxbook.

The diagram above shows the price range for each year since testing began, we will now analyse the price ranges for each of the monthly within each year.


Above is a Table representing statistics about the tested period (2011-2016). This is a compact version of the data, to view all numbers please click on the Table to view all calculations. The information generated goes a long way in explaining the performance of Dragon Forex over the past 6 years. Dragon Forex feeds on volatility, this becomes evident when comparing performance to the yearly information. Contained is the monthly mean (high to low) of price in pips, the average variance from mean and the average standard deviation from the mean. In years 2015, 2016, Dragon Forex excelled in sharp volatile movements. Given the current political situation of the UK, we expect GBP/JPY to remain highly volatile over the coming months into years.

Life-Time License
US$499

Includes:

4 Live Trading Accounts

Unlimited Demo Accounts

Free Updates

Life-time Access

PURCHASE NOW

One-Year License
US$199

Includes:

2 Live Trading Accounts

Unlimited Demo Accounts

Free Updates

12 Month Access

PURCHASE NOW

Additional License
US$49

Includes:

1 Additional Live Account

Free Updates

12 Month Access


PURCHASE NOW

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