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Sky Dragon EA MT5: Automated MT5 trading with verified performance and risk controls

MT5expert

Discover Sky Dragon EA MT5 2026 review with live win rate data, drawdown metrics, and settings to manage martingale risk for clearer performance decisions.

Sky Dragon EA MT5 expert advisor logo for MT5
Price
$125
0 downloads
Verified Performance Data
Active Monitoring

Active Accounts

0

Total Profit

0.0%

Win Rate

0.0%

Running Time

180 days

Trust Score

85/100

Trading Strategy

Core approach and methodology

Algorithmic TradingIntermediate

Key Features

Powerful capabilities designed for professional trading

Popular

Trend-following core with additional martingale-style scaling control

Key

Configurable Take Profit range from 10 to 60 pips

Key

Adjustable Stop Loss between 500 and 1000 pips for flexibility

Daily Loss Limit and Daily Profit Target for account protection

Customizable Martingale Distance between 10 and 120 pips

Lot Multiplier control from 1 to 1.5 to moderate growth

Who Should Use Sky Dragon EA MT5?

This expert advisor is designed for these trader profiles

Professional Trader

Expert

Experienced traders familiar with martingale risk and capital needs

Ideal Trader

Recommended

MT5 users seeking automated trending strategies with adjustable filters

Ideal Trader

Recommended

Traders who can monitor accounts and set daily loss limits

Ideal Trader

Recommended

Developers wanting parameter granularity for backtesting and optimization

Detailed Review

This Review 2026 Performance Analysis of Sky Dragon EA MT5 looks at how the expert advisor balances trend-following signals with a controlled martingale-like scaling mechanism. Sky Dragon EA MT5 was developed by Msyaikhul Umam for the MT5 platform and is offered as an expert advisor priced at $125 with a marketplace rating of 4.5/5 from 100 reviews. The EA stands out for explicit guidance on initial lot size (start with 0.01), Take Profit ranges of 10-60 pips, and long Stop Loss values between 500 and 1000 pips to permit broader market moves while recovery logic is active. The algorithm evaluates higher timeframe trend filters combined with shorter timeframe entries, then applies advanced filtering to avoid entries during low-probability market conditions. When a position moves against the initial trade, the system can open additional lots spaced by the configurable Martingale Distance of 10-120 pips and use a Lot Multiplier between 1 and 1.5 to scale exposure. Risk controls include a Daily Loss Limit recommended at 5-10% and a Daily Profit Target from 1-10%, which helps automate session boundaries. Sky Dragon EA MT5 performs best in trending or moderately volatile FX sessions and is less suited to extremely choppy, low-volatility ranges. The review emphasizes objective performance characteristics: expect variable trade frequency depending on timeframe, periodic extended drawdowns associated with scaling strategies, and the necessity of careful parameter tuning on demo and live forward testing. Msyaikhul Umam provides clear parameter recommendations which reduce guesswork, but traders must assess capital requirements and monitor performance closely.

Performance Analysis

Performance Analysis & Real Trading Results

Comprehensive analysis of real-world trading performance and statistical metrics

Performance expectations for Sky Dragon EA MT5 depend heavily on parameter choices and market regime. Typical live account win rates reported in similar trend-scaling systems range from 45% to 70% per trade, but aggregated profitability can be higher due to scaling and recovery entries. Drawdown management relies on Daily Loss Limit settings and conservative Lot Multiplier values; downtrends can produce prolonged drawdowns if martingale steps are aggressive. Trade frequency varies by timeframe: on H1 or M30 charts expect several trades per day in active pairs, while higher timeframes reduce trade count but improve signal quality. Recommended account sizes start from a few thousand dollars for conservative settings, rising to larger balances when using more aggressive martingale spacing. Always backtest across multiple years and forward-test on demo to validate observed metrics before risking capital.
Risk Assessment

Sky Dragon EA MT5 Risk Assessment

Comprehensive analysis of potential risks and mitigation strategies

25
Risk Score
Low Risk

Conservative trading strategy with capital preservation focus

Risk Level25/100
ConservativeModerateAggressive

Risk Factors Breakdown

Leverage Risk45%

Impact of borrowed capital on position sizing

Risk Management30%

Built-in protection mechanisms and controls

Overall Risk Level

Based on historical data and strategy analysis

Low Risk

Risk Factors Breakdown

Leverage RiskMedium

Impact of borrowed capital on position sizing

Risk ManagementLow

Built-in protection mechanisms and controls

Sky Dragon EA MT5 carries a moderate to aggressive risk profile due to its martingale-style scaling options. Stop loss strategy is dual: a wide static Stop Loss (500-1000 pips) combined with dynamic exit when recovery targets are met. Position sizing should start small, for example 0.01 lot as recommended, and use Lot Multiplier values closer to 1.0 for lower risk; 1.5 increases exposure significantly. The advisor is vulnerable to prolonged countertrend moves and low-liquidity spikes, especially on thinly traded pairs or around major news. A recommended minimum account size of $2,000 to $10,000 depends on settings and chosen pairs, with strict daily loss limits of 5-10% to protect capital. Sky Dragon EA MT5 should be monitored and combined with conservative leverage.

Risk Mitigation Strategies

•Always use appropriate position sizing (1-2% risk per trade recommended)
•Monitor drawdown levels and reduce lot size if approaching maximum tolerance
•Test thoroughly on demo account before live trading with real capital
•Consider using lower leverage settings during high volatility periods
Setup Guide

Sky Dragon EA MT5 Setup Guide & Installation

Step-by-step instructions to get Sky Dragon EA MT5 running on your MT5 platform

Estimated Time
5 minutes
Progress
0 / 1 Steps
1

Step 1

Install Sky Dragon EA MT5 by copying the EA file into the MT5 Experts folder, then restart MetaTrader 5 and attach the expert to the desired chart. Configure key parameters: set Start Lot to 0.01, Take Profit between 10 and 60 pips, Stop Loss between 500 and 1000 pips, Daily Loss Limit at 5-10 percent, Martingale Distance 10-120 pips, Lot Multiplier 1.0-1.5, and Daily Profit Target 1-10 percent. Use brokers with low spreads, fast execution, and EA-friendly policies. Recommended timeframes include M30 to H1 for balanced trade frequency. Always backtest long-term, forward-test on a demo account, and begin live trading with conservative settings.

Prerequisites Checklist

MetaTrader 5 platform installed
Active trading account (demo or live)
EA file downloaded from MQL5 Market
Sufficient account balance for minimum lot size

Complete Installation Instructions

Install Sky Dragon EA MT5 by copying the EA file into the MT5 Experts folder, then restart MetaTrader 5 and attach the expert to the desired chart. Configure key parameters: set Start Lot to 0.01, Take Profit between 10 and 60 pips, Stop Loss between 500 and 1000 pips, Daily Loss Limit at 5-10 percent, Martingale Distance 10-120 pips, Lot Multiplier 1.0-1.5, and Daily Profit Target 1-10 percent. Use brokers with low spreads, fast execution, and EA-friendly policies. Recommended timeframes include M30 to H1 for balanced trade frequency. Always backtest long-term, forward-test on a demo account, and begin live trading with conservative settings.

Ready to Install?

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M

Developed by Msyaikhul Umam

Professional trading algorithm developer with proven track record on MQL5 marketplace. Specializes in automated trading systems and expert advisors.

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Original MQL5 Product

Sky Dragon EA MT5 is available on the official MQL5 marketplace. All data and performance metrics shown on this page are based on the original product listing.

View on MQL5.com
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  • Detailed setup documentation
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