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- Forex Robot Review
- Metatrader 4
- Experts
- Starlight MT4
Profit:
-9.32$
Traders:
69
(45/24)
Most Profit Trade:
14.47$
Most Loss Trade:
-31.79$
Profit Factor:
0.68
Average Loss:
-7.85$
Overview
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.
EASY Scalperology Bot
Update: 8 Nov 2024
Trading Conditions by EASY Scalperology Bot
Leverage:
100
Account type:
Live
Profitable by EASY Scalperology Bot
Profit:
5.07%
AVG Daily:
0$
Deposit:
2200$
WithDrawal:
0$
Current Balance:
2311.51$
Profit:
111.51$
Trading Conditions by Starlight MT4
Leverage:
100
Account type:
Live
Profitable by Starlight MT4
Profit:
-0.4%
AVG Daily:
0$
Deposit:
2347.8$
WithDrawal:
0$
Current Balance:
2338.48$
Profit:
-9.32$
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Review: Starlight MT4 – Advanced, Low Risk Night Scalper with Unique Entry Algorithm
forexroboteasy.com
Write review
julioneves63
1 review
Unveiling Starlight MT4: Comprehensive Forex Trading Software Review
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."
untungla
1 review
Starlight MT4 Review: Essential Forex Trader 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.
kreusch
1 review
Starlight MT4 Review: Unveiling the Forex Trading Software Champion
This isn't a flaw in the software, but rather a reflection of the different trading conditions offered by different brokers. Therefore, I would highly recommend testing the software with various brokers to find the one that works best for you. Don't be too quick to dismiss the software if it doesn't perform as expected initially. It might just be a matter of finding the right broker. One of the things that sets Starlight MT4 apart from other forex software is the developer, Wim. He is one of the most responsive developers I've come across on MQL5. He genuinely cares about his customers and is always ready to assist with any issues or queries. This level of customer service is rare in this industry and is a testament to the quality of the product. In conclusion, Starlight MT4 is a robust and reliable forex software that I would highly recommend to any trader. It might take some time to find the right broker to run it with, but once you do, it can be a game-changer. The excellent customer service provided by the developer is the cherry on top, making this software a worthwhile investment.