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Starlight MT5

5

NOTE: Please run only on GBPCHF and GBPCAD for now  

NEW PROMO:

  • Only a few copies copies available at 349$
  • Next price: 449$
Make sure to check out our "Ultimate EA combo package" in our promo blog!


STARLIGHT is a very advanced, low risk night scalper which uses a unique approach to the entry algorithm compared to other night scalpers. 

It was developed using years of experience in live trading with the mean-reverse strategy, and selected only the best pairs and techniques to be included in this EA.

Since the EA is build upon existing technology that was developed over the years, the EA is very intelligent and has lots of smart features.

The focus was put on keeping risk and drawdowns limited as much as possible.

Recommended pairs: EURUSD;GBPUSD;AUDCAD;EURAUD;EURCAD;GBPAUD;GBPCAD;USDCAD;EURGBP;USDCHF;GBPCHF;EURCHF;CHFJPY;


Live account A- Medium risk: https://www.mql5.com/en/signals/1634109

Live account B - Low risk: https://www.mql5.com/en/signals/1634025


Key features:

  • News filter -> prevent trading during high impact news events
  • OneChartSetup -> run all pairs from 1 single chart
  • Individual Performance Monitor: Each pair will automatically have it's risk reduced if it is not performing well, and again increased if it is again profitable.
  • Correlation filter -> prevent too much exposure for the same currencies
  • Swap filter -> prevent trading during high swap-cost days
  • Rollover filter -> filter out pairs which could have big slippage during rollover
  • Extreme low drawdowns compared to other night scalpers


How to backtest the EA:

It is highly recommended to use MT5 for backtesting.  That way you can simulate the portfolio of all pairs trading together with compounding effect.  Also, MT5 uses high quality tickdata with variable spread
On MT5 -> Run the test on EURUSD M5, enable the OneChartSetup in the parameters, set the risk as you want, and select a high quality testing (minimum 1minute OHLC)
On MT4 -> Run the test on each individual pair on M5 timeframe.  Select risk and use "every tick" for testing quality
A full list of the parameters and their desciption can be found in the manual.


    How to set up the EA for live trading:

    Important: Add the 2 URL's as explained in the manual
    Open a EURUSD M5 chart (if your broker uses a suffix, run on a chart with that suffix! (for example: EURUSDm or EURUSD.ecn)
    Attach the EA to the chart and in the parameters, set OneChartSetup = true
    Set the lotsize to your desired risk (see manual for more details)
    Night scalping requires a decent ECN broker.  For recommendation, contact me in PM.




    Reviews 6
    Kevin Manuel Collado
    157
    Kevin Manuel Collado 2023.02.11 13:24 
     

    very good, just activate it and forget about it, you will get very good results in the long term, that is the purpose, to stay in the market with a low risk and scaling your account.

    Jekil
    711
    Jekil 2023.01.27 11:11 
     

    After few days in live, i'm very happy to have bought this EA I have bought maybe 20 EA on MQL5, i'm think it's my best choice at this moment. SL, TP, regular profit. No risk to burn the account.

    Martin Ql
    23
    Martin Ql 2023.01.26 09:46 
     

    I have it for for nearly 1 month and it's stable and profitable. I'm satisfied.

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    Kevin Manuel Collado
    157
    Kevin Manuel Collado 2023.02.11 13:24 
     

    very good, just activate it and forget about it, you will get very good results in the long term, that is the purpose, to stay in the market with a low risk and scaling your account.

    Jekil
    711
    Jekil 2023.01.27 11:11 
     

    After few days in live, i'm very happy to have bought this EA I have bought maybe 20 EA on MQL5, i'm think it's my best choice at this moment. SL, TP, regular profit. No risk to burn the account.

    Martin Ql
    23
    Martin Ql 2023.01.26 09:46 
     

    I have it for for nearly 1 month and it's stable and profitable. I'm satisfied.

    Leif Christian Ringstad
    1367
    Leif Christian Ringstad 2023.01.23 22:57 
     

    Stable and good night scalper. I have been running this for 4 months on different brokers, and it works as the backtests. Give this ea time, and you will have some long term profit, with acceptable drawdown. It does not win every session, but overall profitable for longer periods.

    For 2023 the history is quite different. Night scalping conditions aren't really well on some brokers, so pick your broker carefully.

    Dennis Richter
    280
    Dennis Richter 2023.01.20 15:08 
     

    Again a scalper - not the best time for scalpers and maybe for most EA in 2022 - but with a closer look it is one of the best scalper in the year 2022. Very stable and a small DD on live account. Good work!

    Andre Gomes
    2766
    Andre Gomes 2022.11.04 06:44 
     

    User didn't leave any comment to the rating

    Reply to review
    Version 1.9 2023.06.07
    fixed problem with repeating messages

    RECOMMENDED UPDATE!!
    Version 1.7 2023.04.19
    fix bug in date calculation
    Version 1.6 2023.04.18
    fixed bug in news filter
    Version 1.5 2023.03.27
    highly recommended update.
    The newsfilter was not working anymore because the news website used, was blocking all MQL5 EA's.
    I implemented a new news source for the news filter, so you must add this URL to the MT4's allowed URL"s: https://nfs.faireconomy.media/
    Version 1.4 2023.03.13
    - fixed issue with trading on Sunday
    Version 1.3 2023.01.10
    Version 1.3
    - Changed default lotsize settings to autolotsize high risk
    Version 1.1 2022.09.08
    fixed bug where entries are wrong calculated when startime-minutes are not equal to 0