What's included

  • Installation guideStep-by-step PDF with screenshots
  • Optimised presetsReady-to-use configuration files
  • Future updatesIncluded free when we receive them
  • Email supportHelp with setup and technical issues
7-day money-back guarantee. If the EA fails to attach to your chart because of errors we can replicate, you get a full refund. Trading results are not covered.
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What our customers say

Selected Trustpilot feedback about CheaperForex support, setup and service.

Since 2019 in business 28,000+ customers served

RiskShield Dragon EA MT4

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/154708

Live Performance Signal:
+
None known

Original price was: $1,299.00.Current price is: $299.95.

 
Card price. Apple Pay and Google Pay accepted.
Pay with crypto and it is  20% off at checkout
  • Instant download from your account the moment checkout completes. The files stay in your customer portal.
  • Official version, with future updates included free when we receive them. You never pay twice for the same product.
  • 7-day money-back guarantee if it fails to install or run. Setup help by email whenever you need it.
Orders over $300 include 3 months of PrismAlgo EA MT5, free Our cloud-connected EA for 28 FX pairs, Gold and Bitcoin. Added to your cart automatically. PrismAlgo.com
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Need Help? Message us on Telegram, or contact us

What's included

  • Installation guideStep-by-step PDF with screenshots
  • Optimised presetsReady-to-use configuration files
  • Future updatesIncluded free when we receive them
  • Email supportHelp with setup and technical issues
7-day money-back guarantee. If the EA fails to attach to your chart because of errors we can replicate, you get a full refund. Trading results are not covered.

🤖 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.

Pre-Purchase FAQs

Are updates always free?

Yes, all updates are completely free—you'll never pay twice.

We receive updates from developers and upload them to your account when they're available. Please be patient, as we're managing hundreds of products at discounted prices. More popular products are updated more frequently.

All versions are stored in your account for easy access.

What's your refund policy?

We offer a 7-day technical guarantee. If the EA fails to attach to your chart due to verified errors we can replicate, we'll issue a full refund.

However, we cannot refund based on trading performance or profit expectations—forex markets are unpredictable, and results vary by broker, spread, and market conditions. We provide tools, not guarantees.

I need assistance installing this?

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.

Can I use this on multiple accounts?

Absolutely. Once you purchase, the EA is yours to use on unlimited live and demo accounts—no restrictions.

You can run it on multiple brokers, VPS servers, or trading accounts simultaneously.

There are no license limits or activation keys. Buy once, use everywhere.

How do I download after payment?

After successful payment, your product will be available for download instantly:

  • 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

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.

Is this an original product?

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.

Why Traders Trust Us

Excellent on Trustpilot
4.5★ from real customers
In Business Since 2019
28,000+ customers served
Instant Access
No group buys or waiting
7-Day Refund Policy
For product errors
Remote Installation
We can install for you
Flexible Payments
Cards, Apple Pay, Crypto

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.
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