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  • Reviews (5)
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Starlight MT4

3.2

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 5
    kreusch
    270
    kreusch 2023.01.23 01:38 
     

    I have added Starlight a while ago to my Portfolio of EA's. It's performing quite well for me, but there is a big difference based on which broker the account is running. So I can recommend as usual Wim's product as he is one of the most responsive developers on MQL5 and he is taking care of his customers. Test around which broker works best for you before giving up the EA in case it's not performing.

    julioneves63
    507
    julioneves63 2022.10.23 09:43 
     

    Starlight is a night scalper and therefore is not always profitable but has been able to keep a very controlled drawdown and pushes profits very frequently. A good EA to have in a portfolio to diversify. Wim is a good developer, experienced, with good support and able to analyze issues well and adjust when necessary. Recommend. Thank you Wim

    Morteza Hosseini
    235
    Morteza Hosseini 2022.11.15 12:33 
     

    Positive feedback!

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    Filter:
    Amgad Ahmed Ali Megahed
    2166
    Amgad Ahmed Ali Megahed 2024.02.17 13:38 
     

    full Bullshit

    Profalgo Limited
    57647
    Reply from developer Wim Schrynemakers 2024.02.17 15:19
    Language please... EA has suffered a bit, but I still recommend these pairs: GBPCHF;GBPCAD;
    oej
    20
    oej 2023.03.31 10:30 
     

    not good ea live result tell you everythink..i lost 1000e

    Profalgo Limited
    57647
    Reply from developer Wim Schrynemakers 2023.03.31 11:28
    This year has not been good so far no. Last year was excellent though. I can only recommend to keep monitoring the performance, as no EA goes straight up in profit. There will always be periods of drawdown
    kreusch
    270
    kreusch 2023.01.23 01:38 
     

    I have added Starlight a while ago to my Portfolio of EA's. It's performing quite well for me, but there is a big difference based on which broker the account is running. So I can recommend as usual Wim's product as he is one of the most responsive developers on MQL5 and he is taking care of his customers. Test around which broker works best for you before giving up the EA in case it's not performing.

    Morteza Hosseini
    235
    Morteza Hosseini 2022.11.15 12:33 
     

    Positive feedback!

    julioneves63
    507
    julioneves63 2022.10.23 09:43 
     

    Starlight is a night scalper and therefore is not always profitable but has been able to keep a very controlled drawdown and pushes profits very frequently. A good EA to have in a portfolio to diversify. Wim is a good developer, experienced, with good support and able to analyze issues well and adjust when necessary. Recommend. Thank you Wim

    Reply to review
    Version 1.9 2023.06.09
    fixed newsfilter bug that caused repeating message.

    RECOMMENDED UPDATE!!
    Version 1.7 2023.04.19
    fixed bug in date recognition
    Version 1.6 2023.04.18
    fixed bug of news filtering skipping too much
    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 trades starting on sunday
    Version 1.3 2023.01.10
    Version 1.3
    - Changed default lotsize settings to autolotsize high risk