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Starlight MT5

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Starlight MT5

Overview of Starlight MT5

  • Starlight MT5 is an advanced night scalping expert advisor designed specifically for MetaTrader 5.
  • It utilizes a unique approach to the entry algorithm, distinguishing itself from other night scalpers.
  • Developed with years of trading experience implementing the mean-reverse strategy, it focuses on the most optimal pairs, offering a low-risk profile. 🌙

Key Features

  • News Filter: Prevents trading during high-impact news events to minimize risk exposure.
  • OneChartSetup: Allows running multiple currency pairs from a single chart, simplifying setup.
  • Individual Performance Monitor: Adjusts risk exposure dynamically based on the performance of each pair.
  • Correlation Filter: Reduces exposure to similar currencies, minimizing risk during volatile periods.
  • Swap and Rollover Filters: Avoids trading during days with high swap costs or significant slippage risks.
  • Achieves low drawdowns compared to many other scalping solutions. 💡

Recommended Currency Pairs

  • EURUSD
  • GBPUSD
  • AUDCAD
  • EURAUD
  • GBPCAD
  • USDCAD
  • EURGBP
  • USDCHF
  • GBPCHF
  • CHFJPY

Setting Up Starlight MT5

  • Ensure to attach the EA to a EURUSD M5 chart, adjusting for broker suffixes if necessary.
  • Set the OneChartSetup parameter to true for optimal performance.
  • Configure the lot size based on your desired risk, following guidance in the associated manual.
  • A decent ECN broker is highly recommended for effective night scalping. 💰

User Reviews and Performance

  • Users report that while it does not always guarantee profitability, it maintains very controlled drawdown levels throughout trading.
  • Many users appreciate the developer's support and the responsive nature of updates, ensuring the EA stays competitive.
  • It is often recommended to include Starlight MT5 in a diversified EA portfolio due to its stable performance.

Are you ready to dive into the world of automated trading with Starlight MT5? This is not just another scalping EA; it's a carefully crafted tool that promises to minimize risks while maximizing profits under the cover of night. But is it the golden ticket or just another piece o ...

Release Date: 05/09/2022