Deriv Stargogs Pay EA

1. Lot Size Management:

– Default lot size starts at 0.01, with an optional “Lotsize Plus” feature for additional flexibility.

– Includes a lot multiplier (default 1.6) for scaling positions dynamically.

2. Hedging Strategy:

– Implements a hedging system with configurable pip distances (default 50 pips for initial hedging, 20 pips for additional hedging).

– Supports stop orders for hedging positions (default 4 pips).

3. Profit and Loss Targets:

– Closes trades in profit at a customizable threshold (default $4.00).

– Features daily profit and loss targets in percentage terms (default 2% profit, -2% loss), with options to enable/disable these limits.

4. Trend and Entry Indicators:

– Utilizes a Moving Average (default period 5, method SMA) and Bollinger Bands (default period 20, deviation 2.0) for trend detection and trade entry signals.

5. Trade Timing:

– Operates within a specified server time window (default 12:00 to 18:00), allowing traders to restrict activity to specific market sessions.

6. Risk Management:

– Offers configurable slippage control (default 3 pips) to mitigate execution risks.

– Supports trailing stops (default 10 pips, step 1 pip) and trailing pending orders (default start 10 pips, step 1 pip) for dynamic trade management.

– Virtual stops are optional but disabled by default, with emergency hard stops available as a fallback.

7. User Interface:

– Displays real-time trading information and daily statistics (both enabled by default) for enhanced monitoring.

8. Customization and Compatibility:

– Assigns a unique magic number (default 8889) for trade identification.

– Supports backward compatibility with Version 1 settings if preferred.

– Event-driven architecture with configurable “Tick” events enabled by default, while “Trade” and “Timer” events are optional.

The Stargogs Pay EA is tailored for traders seeking an automated solution to execute disciplined trading strategies on MT5. Whether focusing on hedging to manage risk or employing trend-based entries with Moving Averages and Bollinger Bands, this EA provides a robust framework for both novice and experienced traders. Its customizable inputs allow users to adapt it to various market conditions and personal risk tolerances.