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Starlight MT4 is an advanced and low-risk night scalper expert advisor (EA) that utilizes a unique entry algorithm to achieve profitable trades in the forex market. Developed with years of live trading experience and the mean-reverse strategy, this EA has carefully selected the best pairs and techniques to ensure optimal performance.
Intelligent and Risk-Limited Trading
Starlight MT4 stands out from other night scalpers due to its intelligent features and focus on minimizing risk and drawdowns. The EA incorporates existing technology that has been developed over the years, resulting in a highly intelligent system. With its smart features, Starlight MT4 aims to keep risk and drawdowns as low as possible.
Recommended Pairs and Testing
Starlight MT4 is compatible with various currency pairs, including EURUSD, GBPUSD, AUDCAD, EURAUD, EURCAD, GBPAUD, GBPCAD, USDCAD, EURGBP, USDCHF, GBPCHF, EURCHF, and CHFJPY. To ensure accurate backtesting, it is highly recommended to use MT5, as it allows for simulating the portfolio of all pairs trading together with a compounding effect. Additionally, MT5 utilizes high-quality tick data with variable spread.
For backtesting on MT5, run the test on EURUSD M5, enable the OneChartSetup in the parameters, set the desired risk, and select high-quality testing with a minimum of 1-minute OHLC. On MT4, run the test on each individual pair on the M5 timeframe, select the risk, and use “every tick” for testing quality.
Starlight MT4 offers several key features to enhance trading performance:
- News filter: Prevents trading during high-impact news events
- OneChartSetup: Runs all pairs from a single chart
- Individual Performance Monitor: Automatically adjusts risk for each pair based on performance
- Correlation filter: Prevents excessive exposure to the same currencies
- Swap filter: Avoids trading during high swap-cost days
- Rollover filter: Filters out pairs with potential big slippage during rollover
- Extreme low drawdowns compared to other night scalpers
Live Testing and Results
To see the performance of Starlight MT4 in action, you can visit the forexroboteasy.com website. There, you can find independent testing accounts and live accounts with different risk levels, providing a comprehensive overview of the EA’s performance.
Testing account: [link to testing account]
Live account A – Medium risk: [link to live account A]
Live account B – Low risk: [link to live account B]
Q: Can I use Starlight MT4 with any broker?
A: Starlight MT4 is compatible with most brokers, but for optimal performance, it is recommended to use a decent ECN broker. For specific recommendations, feel free to contact the developer.
Q: How do I set up Starlight MT4 for live trading?
A: Follow these steps:
- Add the provided URLs as explained in the manual.
- Open a EURUSD M5 chart (or a chart with the appropriate suffix if your broker uses one).
- Attach the EA to the chart and set OneChartSetup to true in the parameters.
- Set the lot size according to your desired risk level (refer to the manual for more details).
Remember that night scalping requires a decent ECN broker, and if you need a recommendation, you can contact the developer.
Starlight MT4 is an advanced and low-risk night scalper expert advisor with a unique entry algorithm. Its intelligent features and focus on limiting risk and drawdowns make it stand out from other night scalpers. With a wide range of compatible currency pairs and the ability to backtest using high-quality tick data, Starlight MT4 offers traders a reliable and efficient trading solution. Visit forexroboteasy.com to see independent testing and subscribe for updates on the EA’s performance. Share your experience with Starlight MT4 and join the community of traders benefiting from this exceptional night scalper.
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What I appreciate most about Starlight is its ability to push profits frequently. It's a dynamic tool that adapts to market changes and optimizes trading strategies to maximize gains. This consistent performance makes it a reliable EA to have in any forex trader's arsenal.The brains behind Starlight, Wim, is an experienced developer who has clearly put a lot of thought and effort into creating this software. His expertise is evident in the way the software functions - it's user-friendly, efficient, and effective. But what sets Wim apart is his excellent customer support. He's always available to address any issues and is quick to analyze and adjust the software when necessary.I've been using Starlight for a while now and I can confidently say that it has significantly improved my trading experience. It's a robust tool that has helped me diversify my portfolio and increase my profits. I would highly recommend Starlight MT4 to any forex trader looking for a reliable and efficient EA.In conclusion, I would like to extend my gratitude to Wim for developing such a fantastic tool. His dedication to providing quality software and exceptional customer support is truly commendable. Thank you, Wim, for making forex trading a more profitable and less stressful endeavor."
The live results that the software provides are not as accurate as they claim to be. I've found discrepancies in the data several times, which has led to some significant losses on my part. The most notable instance was when I lost a whopping 1000 euros due to an inaccurate prediction by the software. This was a huge blow to me, as I had invested a lot of time and money into this venture.The software's interface is also not as user-friendly as it could be. I found it quite difficult to navigate through the different features and options, which made the whole trading process more complicated than it needed to be. This, coupled with the inaccurate live results, made for a very frustrating experience.Moreover, the customer support provided by the company leaves a lot to be desired. I reached out to them multiple times regarding the issues I was facing, but their responses were slow and unhelpful. This lack of effective customer service only added to my dissatisfaction with the software.In conclusion, my experience with the Starlight MT4 Forex software has been disappointing to say the least. The inaccurate live results, the complicated interface, and the poor customer service have all contributed to my negative review. I would advise potential users to thoroughly research and consider other options before investing in this software.
From the moment I downloaded Starlight MT4, I was struck by its user-friendly interface. The software is designed with simplicity in mind, making it easy to navigate even for those who are new to forex trading. The layout is clean and intuitive, with all the necessary tools and features easily accessible. This ease of use has significantly reduced the time I spend on trading, allowing me to focus more on strategy development.What sets Starlight MT4 apart from other forex software I've used is its advanced analytics capabilities. The software provides real-time market data and charts, which are crucial for making informed trading decisions. The data is presented in a clear and understandable format, making it easy to interpret and use. This feature has been instrumental in helping me make profitable trades.Another standout feature of Starlight MT4 is its automation capabilities. The software allows for the creation of custom trading algorithms, which can automatically execute trades based on predefined criteria. This feature has been a game-changer for me, as it allows me to trade 24/7, even when I'm not physically present to monitor the markets.The customer support provided by Starlight MT4 is also worth mentioning. The team is responsive and knowledgeable, always ready to assist with any issues or queries. This level of support has made my trading experience smooth and hassle-free.In conclusion, Starlight MT4 has proven to be an invaluable tool in my forex trading journey. Its user-friendly interface, advanced analytics, automation capabilities, and excellent customer support have made my trading experience not only profitable but also enjoyable. I would highly recommend Starlight MT4 to anyone looking to take their forex trading to the next level.