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Dragons Risk Shield (MT4) — review, price and free alternatives
MT4 expert advisor$1299 on MQL5by Ivan Simonika
Dragons Risk Shield is a MetaTrader 4 expert advisor by Ivan Simonika, sold on the MQL5 Market for $1299. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
Dragons Risk Shield — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Expert advisor
- Developer
- Ivan Simonika
- Price
- $1299
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Dragons Risk Shield on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
RiskShield Dragon — Automated Multi-Currency Advisor Combining intelligent algorithms, robust protection mechanisms, and flexible configuration, RiskShield Dragon delivers consistent profits with minimal risk.
Before you buy Dragons Risk Shield
What the developer claims
- Key Advantages Multi-Currency & Multi-Threaded: Supports over 20 currency pairs (EURUSD, GBPUSD, USDJPY, AUDUSD, NZDJPY, and more) simultaneously on any timeframe.
Quoted from the listing. We have not tested these claims.
What to check first
- A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT4 expert advisor in the Strategy Tester before you buy.
- Risk controls. Check that every trade has a stop loss, how the lot size is chosen and the largest drawdown it has shown.
- Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Dragons Risk Shield
Compiled from its public MQL5 listing. FxRobotEasy has not traded Dragons Risk Shield; what these notes say about how it works comes from that listing.
Overview
Dragons Risk Shield by Ivan Simonika represents a comprehensive automated trading solution for MT4 traders. What sets Dragons Risk Shield apart is its balanced approach to trade execution and capital preservation.
Risk notes
Dragons Risk Shield implements a moderate risk profile with configurable parameters for different trading styles. The system uses stop losses on all positions and employs dynamic position sizing based on account equity. Recommended minimum account size ensures proper risk distribution.
Listed strengths
- MT4 platform compatibility
- Developed by experienced Ivan Simonika
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing Dragons Risk Shield on MT4 requires copying the EA file to your platform's Experts directory. After restart, attach to appropriate charts and configure risk parameters. Always backtest with historical data before live deployment.
Free to try · from FxRobotEasy
Looking for a trading robot you can try free?
Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
Scalperology AIby FxRobotEasy
Our multi-pair AI scalper — majors, gold and crypto
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick Scalperology AIIt starts on a free demo account: virtual money, every trade visible.
FxRobotEasy on Telegram
The team's notes, every day
- What we ship, what breaks and how we fix it
- Scalperology AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
Dragons Risk Shield or Scalperology AI?
| Dragons Risk Shield | Scalperology AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($1299) | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Ivan Simonika | FxRobotEasy |
Dragons Risk Shield — questions
What is Dragons Risk Shield?
Dragons Risk Shield is a MetaTrader 4 Expert Advisor (trading robot) published on the MQL5 Market by Ivan Simonika, priced at $1,299 USD. As an Expert Advisor it can open and manage positions on its own once it is attached to a chart and algorithmic trading is enabled in the terminal.
Does Dragons Risk Shield work on MT4 or MT5?
Dragons Risk Shield runs on MetaTrader 4, not MetaTrader 5. The listing reviewed on this page is the MT4 build; if its developer also publishes a MetaTrader 5 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does Dragons Risk Shield cost?
Dragons Risk Shield is a paid product listed at $1,299 USD on the MQL5 Market, the price recorded when its listing was last checked on 2025-11-27. It is sold and downloaded through the developer's (Ivan Simonika) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Dragons Risk Shield?
FxRobotEasy has not traded Dragons Risk Shield on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Dragons Risk Shield elsewhere comes from its developer or from a third party.
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Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.