InvestGrail
  • Top FX EAs
  • Investing 101
    • Crypto
    • Options
    • Forex
    • Stock Market
  • Strategies
    • Day Trading
    • Swing Trading
    • Arbitrage
    • Investing
    • Options
  • Analysis
    • Technical Analysis
    • Fundamental Analysis
  • Reviews
    • Online Brokers
    • Forex Expert Advisors
    • Crypto Robots
    • Investing Apps
  • Top Articles
    • Best Forex Robots – Top 6 FX EAs 2022
    • Best Desktop Crypto Portfolio Trackers
    • Best 6 Forex Brokers That Accepts Crypto Deposit for Trading
    • The Best Copy Trading Platforms List: Pros, Cons and Comparison
    • Top 5 Best Coins to Mine for Beginners
    • Top 5 Best Gaming Crypto Coins to Participate
Forex Expert AdvisorsReviews

FxPro Dragon Review: Is This Forex Robot Profitable or Not?

by manager91 10/11/2021
10/11/2021

FXPro Dragon is an expert advisor that is designed to work as a standalone system or along with other EAs. The vendor claims that the EA makes sure your deposit is safe with its efficient money management. A unique algorithm is used by the FX robot to ensure it works on multiple currency pairs. 

Two pricing packages are present for the FX EA namely a Standard pack costing $129 and a Premium package costing $169. An MT4 license, free updates, lifetime access, and 24/5 support are common features included in the two packages. The main difference is the number of real and demo accounts the two come with. No money-back assurance is present for this EA which makes us suspect the reliability of the product.

Discover 10 Best FX EAs That Are Worth Investing

Is FxPro Dragon good?

From our initial perusal of the features, backtesting results, and live trading stats, we find that this product is not worth its price. Although the results show high profitability, the stats look suspicious, and further the sample size for the real trading is very small. The lack of strategy explanation and lack of vendor transparency are other downsides that make this an unreliable EA.

Features of FxPro Dragon

Features of FXPro Dragon

As per the vendor, the main features of this FX Robot are:

  • It is completely automated and you need to make changes to the settings after installation.
  • Easy installation process enabled by a responsive support team.
  • Works mainly on the USDCAD on the H4 timeframe but can also work on other currency pairs.
  • Verified live trading results.

The features mentioned by the vendor are minimal and do not provide the necessary info needed for understanding the working of the system. The lack of transparency makes us suspect the efficacy of the EA.

Trading TerminalsMT4
StrategyN/A
TimeframeH4
Price$129 – $169
Money RefundN/A
Recommended DepositN/A
Recommended LeverageN/A
Money ManagementYes
Customer ReviewsNo reviews

What strategy does FxPro Dragon Use?

Other than mentioning that the FX EA uses an automated FX strategy and analytical system, the vendor does not reveal further info. Proper management of the customer capital and the use of carefully calculated trade orders are the two main features of the trading approach this FX robot uses. The vague explanation raises a red flag for this EA.

Backtesting vs live trading results

The vendor provides a backtesting report for this EA. Here is a screenshot of the strategy tester report. 

Backtesting report of FXPro Dragon

From the above report, we can see that the backtesting was done from 2016 up to 2021 on the USDCAD pair using the H4 timeframe. For an initial deposit of $950, the total profit generated was 546595.35. The profit factor was 22.29 and the profitability was 91.66%. A maximum drawdown of 6.69% was present for the account. 

The modeling quality is 90% which is not sufficient to know about details like the slippage, commission, etc. While the backtesting results show decent profits, they cannot predict a similar result in real trading as the report is based on historical data.

The vendor provides a real RUR account verified by the FXBlue site. Here is a screenshot of the trading statement.

Real account trading statement of FXPro Dragon

From the above trading stats, we can see a total profit of 77.6% with the monthly and weekly profits being 47.6% and 9.7%. The profit factor is 11.56 and profitability is 91.3%. A trading history of 43 days is present with a risk to reward ratio of 5.18. Comparing the backtesting result with the real trading stats we can see the profits are not as high in the real trading. Further, the high risk to reward ratio value indicates a risky approach. Due to the small sample size, the high profits have less significance as this does not imply a stable profit.

The core team

We could not find info on the developer, the team, or the company behind this FX EA. There is no location address, phone number, or other relevant details. The lack of vendor info raises a red flag for this EA.

What are the pros & cons of investing in FxPro Dragon?

From our evaluation of the different characteristics of this FX robot, we find that it is not a trustworthy EA. Besides not divulging the trading approach, the vendor provides a small sample size which makes it difficult to evaluate the EA. 

End notes

End notes

FXPro Dragon claims to provide stable profits with its fully automated software. But our analysis reveals it is not a reliable FX EA. The lack of vendor transparency, the small sample size in the trading results, and the undisclosed trading approach are key downsides that make this an unreliable FX robot.

InvestGrail
  • Yield
    5
  • Reliability
    4
  • Trading Approach
    4
  • Consistency
    4
  • Customer Support
    4
The Goods
  • Fully automated EA
  • Verified trading results
The Bads
  • The strategy used is not disclosed
  • Small sample size
  • Lack of vendor transparency
4.2 2.1 5
Average Score
Discover 10 Best FX EAs That Are Worth Investing
Share
0
FacebookTwitterPinterest
previous post
BuySellSeriesEA Review: Is This Forex Robot Profitable or Not?
next post
Fundamental Analysis Tools: How To Pick Up Most Valuing Stocks?

Related Posts

The 5%ers Review

08/18/2023

FundedNext Review

08/16/2023

Topstep Forex Review

08/14/2023

FTMO Review

08/12/2023

SurgeTrader Review

08/10/2023

Tech Trader Review

08/08/2023

Tickeron Review

08/06/2023

BlackBoxStocks Review

08/04/2023

Trend Spider Review

08/02/2023

Trade Ideas Review

07/31/2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

67  −  63  =  

Recent Posts

  • FioBit’s Ultimate Dogecoin Cloud Mining Guide for 2025: Secure DOGE Investment Without Hardware Using the Most Trusted Crypto Mining Provider to Hedge Against Bitcoin Drops | Business Upturn
  • Analysts see Bitcoin at $100,000 soon
  • Spartan Delta Corp. Announces First Quarter 2025 Results
  • XRP trading volume steady at $3.2B in Q1, but XRPL activity contracts sharply · Cardano Feed
  • Totally free Bucks, Bonus Drops, and Match Also provides from Golden Grimoire Rtp $1 deposit the Wager Big Dollars Casino – América Digital

Top Articles

  • The Best Copy Trading Platforms List: Pros, Cons and Comparison

    06/28/2022
  • Best 5 Silver Backed Cryptocurrency to Buy Right Now

    05/09/2022
  • Desktop Crypto Portfolio Tracker: Best 5 for Investing & Active Learning

    04/23/2022
  • Top 5 Best Coins to Mine for Beginners

    10/04/2021
  • Best Forex Robots – Top 10 FX EAs 2022

    10/04/2021

Categories

  • Analysis (17)
    • Fundamental Analysis (9)
    • Technical Analysis (8)
  • Investing 101 (112)
    • Crypto (66)
    • Forex (8)
    • Options (6)
    • Stock Market (32)
  • News (102)
  • Reviews (183)
    • Brokers (7)
    • Crypto Robots (26)
    • Forex Expert Advisors (138)
    • Forex Signals (2)
    • Investing Apps (9)
  • Strategies (90)
    • Arbitrage (12)
    • Day Trading (25)
    • Investing (18)
    • Options (13)
    • Swing Trading (19)
  • Top (7)
  • Uncategorized (5)
  • Home
  • Contacts

@2023 - All Right Reserved. Investgrail.com

InvestGrail
  • Top FX EAs
  • Investing 101
    • Crypto
    • Options
    • Forex
    • Stock Market
  • Strategies
    • Day Trading
    • Swing Trading
    • Arbitrage
    • Investing
    • Options
  • Analysis
    • Technical Analysis
    • Fundamental Analysis
  • Reviews
    • Online Brokers
    • Forex Expert Advisors
    • Crypto Robots
    • Investing Apps
  • Top Articles
    • Best Forex Robots – Top 6 FX EAs 2022
    • Best Desktop Crypto Portfolio Trackers
    • Best 6 Forex Brokers That Accepts Crypto Deposit for Trading
    • The Best Copy Trading Platforms List: Pros, Cons and Comparison
    • Top 5 Best Coins to Mine for Beginners
    • Top 5 Best Gaming Crypto Coins to Participate