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Shooting Star EA is an automated expert advisor for MetaTrader 5, designed to run on the M1 chart. It can open hedged positions, and buy or sell trading can be switched off in the settings. Test it in the Strategy Tester first.
Get one message the moment it launches, with its price.
Shooting Star EA is an automated expert advisor for MetaTrader 5. It is designed to run on the one-minute chart and places and manages trades on its own once it is attached to a chart and algo trading is enabled.
The expert advisor runs inside the MT5 terminal and opens and manages positions without manual input. The detailed entry and exit logic is not set out in the information available to us, so do not assume a particular method. The best way to understand its behaviour is to run it in the Strategy Tester and watch how it opens, manages and closes trades on your own broker data.
The intended timeframe is M1. Because trades are placed on such a short chart, trading costs matter a good deal. Lower spreads are better, and higher leverage is preferred. Check which symbols suit it by testing, and do not assume that every instrument will behave in the same way.
The expert advisor may open hedge positions, meaning buy and sell trades can be held at the same time. If you do not want this behaviour, turn off either the buy side or the sell side in the input settings. Doing so makes the expert advisor trade in one direction only. Check the effect in a test before using it on a live account.
The exact list of inputs depends on the build you download, so open the input tab and read each field before you start. The points below are the ones worth checking first.
| Setting | Purpose | What to check |
|---|---|---|
| Buy permission | Allows or blocks buy trades | Disable it to avoid hedging, if you prefer |
| Sell permission | Allows or blocks sell trades | Disable it to avoid hedging, if you prefer |
| Position size inputs | Control the trade volume | Match them to your balance and risk tolerance |
Minimum deposit is not stated, so check the lot size and risk inputs against your own account before trading.
Trading carries risk, and you can lose some or all of your capital. Past results, including Strategy Tester results, do not predict future ones. Do not take unnecessary risks, and use only money you can afford to lose.
Run the expert advisor in the Strategy Tester first, using your broker's data, to see how it behaves on the symbol and spread you plan to use. Then consider a demo account before any live use.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (MT5) |
| Strategy focus | General |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Timeframe | M1 |
| Account types | All account types |
| Trade style | Automated; may open hedge positions |
| Direction control | Buy and sell can be switched off separately |
| Broker conditions | Low spread and higher leverage preferred |
| Requirements | Terminal running continuously, with algo trading enabled |
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No. This product is built for MetaTrader 5 only. It will not load in MetaTrader 4, so check that your broker offers an MT5 account before you buy.
The expert advisor is designed for the M1 chart. Attach it to a one-minute chart and check the Strategy Tester results on that timeframe before using it on a live account.
Yes. The expert advisor may open positions in both directions. If you do not want that, switch off either the buy or the sell option in the input settings. Test the change in the Strategy Tester first.
All account types are listed as supported. Since the system works on the one-minute chart, a broker with low spreads and higher leverage is preferred. Confirm your broker's trading conditions and run a test before going live.
Yes. Run the expert advisor in the MT5 Strategy Tester on the symbol and broker data you plan to use, so you understand how it behaves. Test results do not predict future results.
Download the file, open the MT5 data folder from the File menu, copy the expert advisor into the Experts folder, restart or refresh the terminal, and drag it onto an M1 chart with algo trading enabled.
Shooting Star EA MT5
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