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Automated Forex Trading Robot | 7.36/10 Rating | Version 2.0
Stargogs Pay EA (MT5 Version 2), developed by Lorenzo Edward Beukes (Stargogs), is an advanced Expert Advisor designed for the MetaTrader 5 platform. This trading robot is engineered to automate forex trading strategies, leveraging customizable parameters to execute trades, manage risk, and optimize profitability. With a focus on flexibility and precision, it incorporates hedging mechanisms, trend-following indicators, and position management features to suit a variety of trading styles.
The EA implements a hedging system with configurable pip distances and utilizes Moving Average (default period 5, method SMA) and Bollinger Bands (default period 20, deviation 2.0) for trend detection and trade entry signals. It features lot size management with multiplier (default 1.6), profit and loss targets, trailing stops, and operates within a specified server time window. The EA includes real-time trading information and daily statistics display for enhanced monitoring.
Based on our comprehensive analysis of Stargogs Pay EA, here's what our AI system found and what it means for you:
What this means: The EA shows moderate accuracy in trade execution. At 73%, it's below the 80% threshold we consider good, indicating reasonably reliable trade selection but not exceptional. This suggests the hedging strategy combined with Moving Average and Bollinger Bands trend-following is identifying trading opportunities, though accuracy could be improved. Accuracy 73% means it's decent at selecting winning trades, but not highly accurate.
What this means: With a profitability score of 7/10, this EA shows good profit potential. This moderate score indicates the hedging and trend-following strategy is effective at capturing profitable trades, though not exceptional. The combination of hedging mechanisms and trend indicators provides a balanced approach. Profitability 7/10 means it's recommended for profit-seeking traders, but expectations should be realistic.
What this means: Good speed rating indicates efficient execution for automated trading. The EA processes market data quickly using Moving Average and Bollinger Bands to identify trading opportunities and execute trades promptly. Speed 8/10 is sufficient for the hedging and trend-following strategy's requirements, allowing timely entry and exit from trades.
What this means: Good reliability score suggests the EA is stable and consistent. The 5/5 MQL5 rating, though based on limited reviews (only 2 reviews), indicates positive user feedback. The recent update (June 2025) and version 2.0 suggest active development. However, the limited number of reviews means reliability assessment is based on limited data. Reliability 7/10 means it's reasonably stable but more user feedback would strengthen this assessment.
Our AI analysis recommends Stargogs Pay EA for automated forex trading with hedging and trend-following strategies. With moderate accuracy (73%), good profitability (7/10), good reliability (7/10), and moderate trust score (6.5/10), this EA is positioned for forex market trading. The hedging strategy combined with trend-following indicators (Moving Average and Bollinger Bands), excellent customization (9/10), and good usability (8.33/10) make it a solid choice for traders seeking flexibility. The moderate trust score reflects limited community reviews (4/10) and moderate customer support (6/10), suggesting the EA is newer or less widely used.
Best suited for: Traders looking for automated forex trading with hedging and trend-following capabilities. The EA's excellent customization (9/10) and good usability (8.33/10) make it excellent for traders who want to customize parameters for their specific trading style and risk tolerance. With good compatibility (9/10), it works on the MT5 platform. The moderate profitability and reliability scores suggest it's suitable for consistent, moderate-profit trading. For more options, check out our complete list of AI-rated forex tools or explore other MT5 Expert Advisors.
Consider this EA if: You want to automate forex trading with hedging strategies, need trend-following capabilities using Moving Average and Bollinger Bands, prefer extensive customization options, and value flexible lot size management and profit/loss targets. The EA's strength lies in its excellent customization and hedging mechanisms, making it suitable for traders who want control over their trading approach and risk management.
Advanced hedging system with configurable pip distances (default 50 pips for initial hedging, 20 pips for additional hedging) to manage risk and protect positions. Supports stop orders for hedging positions with dynamic pip adjustment capabilities.
Utilizes Moving Average (default period 5, method SMA) and Bollinger Bands (default period 20, deviation 2.0) for trend detection and trade entry signals, providing reliable market analysis for automated trading decisions.
Flexible lot size management with default lot size starting at 0.01, optional "Lotsize Plus" feature, and lot multiplier (default 1.6) for scaling positions dynamically based on market conditions and account balance.
Configurable profit and loss targets including trade closure at profit threshold (default $4.00) and daily profit/loss targets in percentage terms (default 2% profit, -2% loss) with enable/disable options for flexible risk management.
Operates within a specified server time window (default 12:00 to 18:00), allowing traders to restrict activity to specific market sessions and optimize trading during preferred market hours.
Comprehensive risk management features including configurable slippage control (default 3 pips), trailing stops (default 10 pips, step 1 pip), trailing pending orders, and optional virtual stops with emergency hard stops as fallback.
Stargogs Pay EA implements a sophisticated hedging system with configurable pip distances to manage risk and protect positions. The hedging mechanism allows traders to offset potential losses by opening opposite positions, providing an additional layer of risk management. This feature is particularly valuable in volatile market conditions where price movements can be unpredictable. For traders interested in hedging strategies, explore our MT5 Expert Advisors collection.
Our analysis confirms the good speed rating of 8/10, with this Expert Advisor utilizing Moving Average and Bollinger Bands for trend detection and trade entry signals. The combination of these two indicators provides reliable market analysis, with Moving Average identifying trend direction and Bollinger Bands indicating volatility and potential reversal points. This dual-indicator approach enhances trade accuracy and entry timing. Check out other MT5 tools for comparison.
Stargogs Pay EA features excellent customization (9/10) with configurable parameters including lot size management with multiplier, profit/loss targets, trailing stops, trade timing window, and hedging pip distances. The extensive customization options allow traders to adapt the EA to their specific trading style, risk tolerance, and market preferences. This flexibility makes it suitable for both novice and experienced traders who want control over their automated trading system. Visit our all tools page to explore more customizable EAs.
Stargogs Pay EA Recommended Settings for Optimal Performance:
For detailed setup instructions and configuration guide, please refer to the installation manual provided after purchase.
Stargogs Pay EA is available for purchase on the official MQL5 marketplace for $140 USD (or $70 USD for monthly rental). The purchase includes the EA file, access to updates, and developer contact information for support.
Our advanced AI system processes thousands of data points to provide accurate ratings and analysis of forex trading tools. Unlike human analysis, our AI can:
Analyzes live market data, user reviews, performance metrics, and technical specifications simultaneously across multiple sources.
Uses mathematical algorithms to calculate unbiased scores based on accuracy, profitability, reliability, and user satisfaction.
Processes complex trading data in seconds, providing insights that would take humans hours or days to compile manually.
Identifies hidden patterns in trading performance, market behavior, and user feedback that human analysts might miss.
Discover more AI-analyzed forex tools and get unbiased ratings for your trading decisions.
🏠 Explore All AI-Rated Forex ToolsThe EA has received a perfect 5/5 rating on MQL5 from the available reviews, indicating positive initial user satisfaction with the hedging and trend-following strategy implementation.
Users appreciate the hedging system with configurable pip distances, which provides an additional layer of risk management. The ability to adjust hedging parameters allows traders to customize risk protection according to their preferences.
The extensive customization options (9/10 rating) are valued by users who want control over lot size management, profit/loss targets, trailing stops, and trade timing windows. The flexibility to adapt the EA to different trading styles is appreciated.
The EA has only 2 reviews on MQL5, which is a very limited sample size. While the perfect 5/5 rating is positive, more reviews would provide a more comprehensive assessment of long-term performance and reliability.
Our AI analysis shows moderate accuracy (73%) and trust score (6.5/10), reflecting the limited community feedback and moderate customer support rating. Traders should monitor performance closely and adjust settings as needed.
Users note that while stable, returns are not exceptional - better suited for portfolio diversification than standalone high-profit trading.
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Stargogs Pay EA can be downloaded from the official MQL5 marketplace. The EA is priced at $140 USD for purchase or $70 USD for monthly rental. After purchase, download the .ex5 file and install it in your MetaTrader 5 Experts folder.
To install Stargogs Pay EA, copy the .ex5 file to your MetaTrader 5 Experts folder (usually located at Program Files/MetaTrader 5/MQL5/Experts). Restart MT5, then attach the EA to your preferred currency pair chart. The EA supports multi-currency trading, so you can attach it to any forex pair chart.
The hedging system opens opposite positions when trades move against you, with configurable pip distances (default 50 pips for initial hedging, 20 pips for additional hedging). This helps manage risk by offsetting potential losses. The system includes stop orders for hedging positions (default 4 pips) and allows dynamic pip adjustment for next hedging orders.
Recommended settings include: Moving Average period 5 (SMA method), Bollinger Bands period 20 with deviation 2.0, lot size starting at 0.01 with multiplier 1.6, profit closure at $4.00, daily profit target 2%, daily loss limit -2%, trade timing window 12:00-18:00 server time, trailing stops 10 pips with step 1 pip, and slippage control 3 pips. Adjust these based on your risk tolerance and account size.
Yes, Stargogs Pay EA supports multi-currency trading. You can attach the EA to multiple currency pair charts, each with its own magic number (default 8889) for trade identification. The EA uses Moving Average and Bollinger Bands indicators that work across different forex pairs.
Our AI analysis shows Stargogs Pay EA has an accuracy of 73%, which is moderate. This means the EA is reasonably reliable at selecting winning trades, though not highly accurate. The hedging strategy combined with trend-following indicators provides a balanced approach to trading, suitable for traders seeking consistent moderate profits.
While not strictly required, a VPS (Virtual Private Server) is recommended for continuous operation, especially if you're using the trade timing window feature (default 12:00-18:00). A VPS ensures 24/7 operation, stable internet connection, and minimal latency, which are important for automated trading systems.
The lot size multiplier (default 1.6) allows the EA to scale positions dynamically. Combined with the default lot size of 0.01 and optional "Lotsize Plus" feature, you can customize position sizing based on your account balance and risk tolerance. Adjust the multiplier carefully to manage risk effectively.