Forex Robot ReviewsPassive Income

FXPro Dragon Review: Is It Wise to Hand Your Trading Over to This EA?

2 Mins read
4.6

FXPro Dragon is an expert advisor that has a bad-designed presentation. We don’t know the reason for this. There’s no big deal to make it look a bit better. The devs insisted that it’s “ONE of the best Forex robots for Metatrader 4 is going to help you with that!” We decided to check this out. 

FXPro Dragon company profile

The company behind the service has no legal registration. We don’t even know who these developers are. So, we cannot rely on refunds. 

The highlights of FXPro Dragon

FXPro Dragon’s features
FXPro Dragon’s features

We have not much intel about how the system exists and what we should wait for from it on the real account if we’re brave enough to set it there. 

  • We can rely on the fully automatic trading solution.
  • The system doesn’t conflict with other trading solutions. 
  • It trades 24/7 on the terminal. 
  • It knows how to decrease drawdowns during trading. 
  • The system has a money-management feature on the board. 
  • We can work with it on all possible cross pairs.
  • The system checks trading conditions to understand when it’s the right time to open an order. 
  • We can use any broker house we want. 
  • There’s welcome and pretty reliable support provided. 
  • It looks like the system uses a Grid of orders strategy. 
  • It trades USDCAD only. 
  • The main time frame is H4. 

Trading results with FXPro Dragon

Backtest report
Backtest report

The advisor has some backtests. This one is for USDCAD. The data period united three years of ticks. The modeling quality was 90.00% with 20 pips. An initial deposit was $2,450. It had become $1,178,579 of the total net profit. The profit factor was 101.41. The maximum drawdown was 15.10% ($150,299). There were 541 orders traded. The accuracy rate was 92% for shorts and 97% for longs.

FXPro Dragon live trading results
FXPro Dragon live trading results

The system has run the USD account, now RUR. There is a 60 times difference in funds between them. 

FXPro Dragon trading results
FXPro Dragon trading results

Now, the advisor is working with a real RUR account that was created on August 25, 2021. The balance is $5478. The system has a floating loss – $74.66. The margin level is high – 3767%.

Trading statistics
Trading statistics

The system works with an 82.6% total return. An average monthly return is 44.7%. The accuracy rate is 92.3%. The profit factor is quite high – 12.58. An average trade frequency was 0.6 orders daily. It has been running for 49 days.

Trading risks
Trading risks

The ROI is 5.06. An average trade length is 16.5 hours compared with the past 28 hours. n expected trading result is $96.89. The standardized win is $114.03 when an average loss is -$108.79. 

Trading directions
Trading directions

The system works in the Buy directions more frequently. 

Daily activities
Daily activities

The advisor skeeps trading on Friday. We don’t know why. 

Trading hours
Trading hours

The expert advisor opens orders only during the proper hours every day. 

FXPro Dragon monthly results
FXPro Dragon monthly results

According to the growth in September 2021, the system works with high risks. 

Closed orders
Closed orders

The advisor works with a Grid of four orders. It’s one of the risky strategies. 

FXPro Dragon packages

FXPro Dragon pricing
FXPro Dragon pricing
FXPro Dragon pricing

We have two packages shared. The standard pack costs $129 and includes a real and demo license. The premium package costs $169 and includes three real and demo licenses. They are also featured by MT4 support, lifetime access, 24/5 support, and free updates. There are no refunds provided. 

Assistance

We don’t know details about how good support is because there are no testimonials about this written. 

Other notes

FXPro Dragon’s page on Forex Peace Army
FXPro Dragon’s page on Forex Peace Army

There’s a page of FXPro Dragon on FPA deployed. We have no testimonials, rate, or trading account connected. 

Is FXPro Dragon a profitable bet in 2021?

We aren’t sure about this because the system works with high risks and with a risky strategy – a Grid of orders. The final decision is up to you. 

FXPro Dragon Summary

4.6
FXPro Dragon is a system that works with USDCAD, using a Grid of four orders. This sets the account at high risk. We don’t know what happened to the previous USD account. Was it blown or anything like that? The devs provide no testimonials about how the system works on people’s accounts.
8.0

Performance statistics

1.0

Reviews from customers

4.0

Ease of use

3.0

Implemented strategies

7.0

Pricing

Pros

  • +Trading results from a well-deposited account shown
  • +Affordable rental options provided

Cons

  • -No risk advice provide
  • -No backtest report details shown
  • -No people testimonials and refunds provided
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