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STARGOGS FREE INCOME EA MT4 – Full Input Settings Analysis
Stargogs Free Income EA is a powerful Expert Advisor for MetaTrader 4. Designed to optimize your trading experience, it employs advanced algorithms to identify lucrative market opportunities. This free tool offers convenience and efficiency, aiming to secure a steady income for traders.
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Strategy Overview
- RSI Period: 14 — uses the Relative Strength Index with a 14-period parameter (default standard).
- RSI Buy Threshold: 30 — enters a buy order when RSI ≤ 30 (oversold condition).
- RSI Sell Threshold: 70 — enters a sell order when RSI ≥ 70 (overbought condition).
Order & Grid Management
- Lot Size: 0.01 — fixed lot size per trade.
- Grid Distance: 15 pips — in the event of movement of the market against the position, the EA will open a new trade every 15 pips (moderate grid/martingale approach).
- Close_Money: Most likely, the parameter represents the total profit in account currency at which all positions will be closed (the exact value is not given in the source).
Identification of Trades
Magic Number: 6325 — the special number used by the EA to manage its own trades and avoid interfering with manual trades or other EAs.
Key Takeaways
- Trend Following: Identifies and rides prevailing trends for profit.
- Breakout Strategy: Capitalizes on price breakouts from key levels.
- Dynamic Stop Loss and Take Profit: Adapts levels based on market conditions.
- Scalping Elements: Engages in short-term scalping within the M5 timeframe.