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RiskShield Dragon EA MT4

4.6/5 from 132+ reviews

RiskShield Dragon EA for MT4 is a powerful multi-currency automated trading system that uses intelligent signal confirmation, built-in protection, and non-martingale averaging.

Backtested across EURUSD, GBPAUD, and AUDCAD with consistent low drawdown and high profit factor.

The Download Package Includes:
+ Expert: RiskShield Dragon (.ex4) – Latest Version
+ Pairs/Timeframes.txt
+ How to Install MT4 files.pdf

More Information:
+ https://www.mql5.com/en/market/product/145830

Live Performance Signal:
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Save 90%

Original price was: $3,999.00.Current price is: $399.95.

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Start Trading in Minutes

All purchases include lifetime FREE updates.

1. Purchase

Save up to 98%
on this official product.

2. Install

Instantly receive the EA and .set files—ready to download.

3. Start Trading

Begin trading with no restrictions—it’s yours, permanently.

4. Free Updates

Every new version we receive is added to your account automatically.

🤖 Introduction to RiskShield Dragon EA for MT4

RiskShield Dragon by Ivan Simonika is a cutting-edge Expert Advisor that combines safety, flexibility, and powerful performance. This multi-currency, multi-threaded robot is designed for traders who want low drawdown, intelligent averaging, and full control over trading parameters.

Whether you trade EURUSD, GBPUSD, AUDCAD, or others—RiskShield Dragon adapts its logic to each pair while maintaining its core principles: smart entries, robust protection, and consistent profits.


🧩 Key Features

  • No Martingale or Grid Explosion
    Uses a safe non-geometric averaging system.

  • 🔁 Supports 20+ Currency Pairs
    Including EURUSD, GBPUSD, USDJPY, AUDUSD, NZDJPY, GBPAUD, EURJPY.

  • 🧠 Multi-Threaded Signal Logic
    Each indicator runs independently for multi-layered confirmation.

  • 🛡️ Built-In Protection Systems
    Includes spread filters, time filters, hard/soft SL & TP.

  • 🧪 Ready-to-Go Templates
    Pre-tested setups for both trend-following and swing styles.


🚀 Key Benefits

  • Steady Equity Growth: Clean equity curves across all test pairs.

  • Extreme Safety: No martingale, with strict trade limits and risk control.

  • Flexible Configuration: Adjust risk, volume, and trade limits easily.

  • High Compatibility: Works on any broker with MT4 and ECN conditions.


🧠 How the Strategy Works

  1. Trend Identification
    SuperTrend and Moving Averages define long/short bias on higher TFs.

  2. Multi-Filter Signal Layer
    Confirmations from price action, volatility bands, and custom indicators.

  3. Non-Geometric Averaging
    Adds trades only on pullbacks, without increasing lot size exponentially.

  4. Stealth Profit Capture
    Combines real and virtual TP to secure profits discreetly.


⚙️ Settings Overview

  • MagicIdentifier – Unique EA ID per pair

  • DefaultVolume – Set base lot (or auto-calc)

  • RiskFactor – Adjusts aggressiveness

  • MaxConcurrentTrades – Limits open orders

  • HardStopLoss / HardTakeProfit – Broker-visible

  • SoftStopLoss / SoftTakeProfit – Internal control

  • TrailingStartPoint / TrailingDistance – Dynamic trailing


📈 Proof of Results

Backtest: AUDCAD (2013–2025)

  • 📊 Profit: $24.79M

  • 📉 Drawdown: 2.55%

  • ✅ Win Rate: 84.04%

  • 📈 Profit Factor: 19.20

Risk Shield Dragon Backtest Report for AUDCAD from 2013 to 2025
Risk Shield Dragon Backtest Report for AUDCAD from 2013 to 2025

Backtest: EURUSD (2013–2025)

  • 📊 Profit: $57.42M

  • 📉 Drawdown: 2.56%

  • ✅ Win Rate: 88.54%

  • 📈 Profit Factor: 32.40

Risk Shield Dragon Backtest Report for EURUSD from 2013 to 2025
Risk Shield Dragon Backtest Report for EURUSD from 2013 to 2025

Backtest: GBPAUD (2013–2025)

  • 📊 Profit: $10.86M

  • 📉 Drawdown: 3.27%

  • ✅ Win Rate: 87.04%

  • 📈 Profit Factor: 32.78

Risk Shield Dragon Backtest Report for GBPAUD from 2013 to 2025
Risk Shield Dragon Backtest Report for GBPAUD from 2013 to 2025

Each backtest shows smooth balance growth, low drawdown, and extremely high recovery factors—demonstrating exceptional robustness and consistency.


🌟 Real Trader Reviews

🟢 “Hands down one of the safest EAs I’ve run. I’ve had it live for 5 weeks now on EURUSD and AUDCAD—almost no DD and 38% return already.”
Michael T., London, UK

🟢 “Finally an EA that doesn’t blow accounts. Smooth profit curves, low risk, and real control over the strategy. Ivan nailed it.”
Luis M., Madrid, Spain

🟢 “The RiskShield system has become my go-to for larger accounts. Multiple pairs, zero stress. It’s rare to find an EA this reliable.”
Marius K., Toronto, Canada


❓ FAQ

What is the minimum deposit required?

The EA is optimized for accounts starting at $10,000 or equivalent in account currency.

Does RiskShield Dragon use martingale or grid strategies?

No. It uses non-geometric averaging, meaning lot sizes stay controlled to avoid account blowouts.

Can it run multiple pairs at once?

Yes, it’s built for multi-currency trading and can run 20+ pairs simultaneously with unique logic per pair.

Which brokers does it work with?

Any MT4 broker is supported, but ECN or Raw spread brokers are highly recommended.

Does it work for prop firm challenges?

While the EA is conservative and stable, make sure to test with prop firm rules. It can be adjusted for many 5%/10% DD limits.


✅ Conclusion

RiskShield Dragon EA for MT4 is a masterclass in safe, automated multi-currency trading. It avoids risky strategies, runs stable across dozens of pairs, and offers the trader full control and transparency. With proven backtests and solid reviews, it stands out as a premium EA for serious traders.

Reviewed by Our Trader

Picture of Peter Jones

Peter Jones

Peter Jones is a full-time trader, forex software developer, and founder of CheaperForex.com. With over 10 years of experience in algorithmic trading, he helps traders gain an edge using reliable EAs and strict risk control.

Always check reviews.
Buy from a trusted Forex store.

Over 28,000+ happy customers and counting.
Trustpilot logo
  • 132 reviews
  • Verified real customers
  • Founded 2019
  • Safe payment methods
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Real Reviews
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Below are some frequently asked questions about the delivery of your product.

Please read them carefully for clarification.

After successful payment, your product will be available for download instantly in the following ways:

  • Displayed on the screen immediately after checkout.
  • Emailed to the address you provided during purchase.
  • Stored in your account if you created one at checkout, where you can access it anytime.

Please note, in rare cases (about 1% of high-value premium products), orders may be held for manual review to prevent fraud. If you don’t see a download link, contact us for assistance.

Yes, absolutely. We do not sell fake products, and our customer reviews, along with our pricing, reflect the quality and authenticity of what we offer.

We provide original, fully supported expert advisors with free lifetime updates, guaranteed to work and backed by a 7-day refund or exchange policy in the rare event something is broken.

Unlike many sites selling outdated or fake versions, we offer real quality, peace of mind, and ongoing improvements from a store trusted since 2019.

This is the latest version as of the date we published it. There may be newer updates available since then.

Please check the version number before purchasing.

Yes, product updates are always free and they are provided as soon as possible.

More popular products are updated more frequently, and we typically upload a free update if a significant improvement has been made.

All product updates are stored in your account for easy access.

Please review the content under 'The download package includes' section at the top of this page.

If set files are not listed and you need them, please contact us to confirm. We can usually create specific sets tailored to your requirements.

However, we cannot guarantee profitability. Forex markets are unpredictable and the ability to lose money is possible if you don't follow a solid risk strategy.

If this product is for MT4, it will work on all terminal builds.

In the rare event that you experience issues attaching this product to your chart and can provide error codes that we are able to replicate, we will issue a full refund.

However, we do NOT offer refunds if the product does not meet your profit expectations. Forex markets are unpredictable, and performance may vary across different brokers.

At our discretion, we may offer you store credit to be used toward another product if the product is not what you expected.

Yes, we'd be happy to assist you!

We can advise you on the best settings for your account or create custom presets tailored to your needs. Additionally, we offer a one-time free installation service using AnyDesk for remote setup.

Please note, however, that we cannot provide advice on how to make money with any of our products. That service is exclusively reserved for our VIP customers.

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While there were some initial hurdles, I do appreciate that they followed through and ensured the setup was completed.
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But you need to do your homework on any product before buying.
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I didn't know what EA would be best and they helped me find one. It's working just great and my account is up 6% in one week.
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They give a lot of commitment from themselves. I highly recommend it to everyone!
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I recommend it 100%
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The products work as advertised and the customer support is topnotch.
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Great support. Recommended, 5 STARS.
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You can trust them completely.
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There may have been a misunderstanding.

All issues have been resolved. , If the problem cannot be resolved, a refund will be given.
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Risk Shield Dragon Product LogoRiskShield Dragon EA MT4
Original price was: $3,999.00.Current price is: $399.95.