Stargogs Red Snake EA

The free and adaptable Stargogs Red Snake EA V1.6 is a forex software designed to work across all currency pairs, indices, and metals. It’s a versatile tool for traders seeking automation and efficiency in trading.

Key Features of Stargogs Red Snake EA

The Stargogs Red Snake EA V1.6 is a forex robot that enters the market one trade at a time, devoid of the martingale and grid strategies. Its lot size multiplier can be adjusted or entirely switched off in the settings, offering users control and flexibility. This EA employs the MACD indicator with customizable parameters, allowing traders to adapt to different market conditions.

How the Stargogs Red Snake EA Works

The forex robot initiates a Buy when the main MACD line crosses the signal line upwards, with preset take profit (TP) and stop loss (SL) points. Conversely, it opens a Sell when the main MACD line crosses the signal line downwards, also with defined TP and SL. All these operations are designed with the aim of scalping profits from the market.

Adjusting Trading Parameters

Users have the ability to adjust the TP and SL to suit their risk tolerance and trading goals. The lot size is also customizable, providing flexibility for both conservative and aggressive trade sizing. The EA offers a reported accuracy of up to 70%, with the V1.5 version claiming to be more accurate than its V1.0 predecessor.

Trading Results and Forex Strategies

As with any trading software or strategy, users are advised to test Stargogs Red Snake EA first on a demo account before applying it to a live account. This is due to the inherent risk in forex trading, as no tool or strategy can guarantee 100% accuracy or profit. While the EA is designed to work on all currency pairs and indices like NAS100, the specific results can vary depending on market conditions and the settings used.

FAQs

Is the Stargogs Red Snake EA free?

Yes, the Stargogs Red Snake EA V1.6 is offered as a free tool for forex trading.

What kind of trades does the EA execute?

The EA initiates a Buy or Sell trade based on the MACD signal line crossing upwards or downwards, respectively.

Can the trading parameters be adjusted?

Yes, the TP, SL, and lot size can all be adjusted to suit the trader’s preferences and risk tolerance.

What’s the reported accuracy of the EA?

The EA boasts an accuracy of up to 70%.

For an independent testing of the Stargogs Red Snake EA, interested traders can check the forexroboteasy.com website. There, users can also subscribe to updates on the test results of this product. It’s always beneficial to hear from others who have used this product, so feel free to share your experiences.

Please note that this is an independent product review and all users must understand that forex trading is risky. Always remember to test on a demo account first before using any new software or strategy on a live trading account.