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.
Key Features
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]
FAQ
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.
Conclusion
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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