Name: Shooting Stars EA V1.0 MT4 - Free Download
Price: 20.00 USD
Availability: InStock

Shooting Stars EA V1.0 MT4: Revolutionize Your Trading with Smart Trend Reversal Strategies

Shooting Stars EA V1.0 MT4 is an advanced automated trading solution that leverages the Shooting Star candlestick pattern to identify trend reversals in the forex market. This Expert Advisor (EA) is designed for traders who want to automate their trading process and take advantage of the high probability reversal signals that occur after an uptrend.

Recommended Settings

Minimum Deposit: $100-$300
Timeframe: M5
Currency Pair: XAUUSD

Key Features

Automated Trading: The EA automatically identifies and trades Shooting Star patterns, removing the need for manual execution.
Trend Reversal Strategy: Focuses on capturing market reversals after an uptrend using the Shooting Star pattern.
Risk Management: Automatically places stop-loss and take-profit orders to ensure profits are protected and risks are minimized.
Customizable Settings: Adjust parameters like lot size, risk level, stop-loss, and take-profit to suit your trading preferences.
Fast Execution: Optimized for quick market shifts, allowing for timely entries and exits on the M5 timeframe.
Emotion-Free Trading: Removes emotional decision-making, ensuring that trades are executed based on market analysis rather than emotions.

shooting stars ea v1.0

Strategy

Pattern Detection:
The EA scans the chart for the formation of a Shooting Star candlestick. This pattern consists of a small body, a long upper wick, and little to no lower wick, signaling that buying pressure is waning and selling pressure is increasing.
Confirmation:
The EA doesn’t trade solely based on the Shooting Star pattern. It also confirms the reversal with other technical indicators like the RSI or MACD to ensure that the trend reversal is likely.
Trade Entry:
Once the pattern is confirmed, the EA enters a sell position at the close of the Shooting Star candle. It places a stop-loss just above the high of the Shooting Star and sets a take-profit level based on the next key support level or a fixed risk-to-reward ratio (e.g., 1:2).
Risk Management:
The EA includes risk management features, such as stop-loss and take-profit levels, to protect your capital and lock in profits. The stop-loss ensures that the loss from a bad trade is limited, while the take-profit level locks in profits when the market moves in your favor.
Continuous Monitoring:
The EA continuously monitors the trade and, if necessary, adjusts stop-loss and take-profit levels to maximize profits or minimize losses. This ensures that your trades remain protected and optimized based on current market conditions.

We have a number of Home Delivery services available to you. Availability of these options will be shown at checkout.

Delivery Service	Description	Please Note	Price
Standard	Within 3-4 working days (07:00 - 19:30hrs)	Weekdays Only (only applies to orders placed before 6pm)	$3.95
Express Delivery	Next Working Day (08:00 - 18:00hrs)	Weekdays Only, applies to orders placed before 4pm Mon-Thurs, before 3pm on Fri & before 2pm on Sat (no Sunday deliveries)	$5.95
Premium Delivery - DPD	Next Working Day (07:00 - 19:30hrs)	Weekdays Only, applies to orders placed before 4pm Monday-Thursday. (Orders placed after 4pm Thur - Sunday before 1pm, will be delivered Monday)	$6.95
Large Parcel Delivery	Within 3-5 working days (07:00 - 19:30hrs)	Weekdays Only (only applies to orders placed before 6pm)	$14.95
Premium Saturday Delivery	Saturday Delivery (07:00 - 19:30hrs)	Delivered Saturday with a 1 Hour delivery slot and Tracking. (only applies to orders placed on Friday before 2pm)	$7.95
Premium Sunday Delivery	Sunday Delivery (07:00 - 19:30hrs)	Delivered Sunday with a 1 Hour delivery slot and Tracking. (only applies to orders placed on Friday before 2pm)	$7.95