Stargogs Pay EA MT5 Review & Download (Set Files Included)

What Is Stargogs Pay EA MT5?

Stargogs Pay EA is an automated trading robot developed for MetaTrader 5, using a hybrid strategy that integrates:

• Trend-following (via EMAs)
• Short-term scalping entries
• Hedging for drawdown control

The system monitors market conditions continuously and executes trades based on predefined logic, reducing the need for manual intervention.

Unlike many high-risk EAs, this one emphasizes structured execution and configurable risk settings, making it suitable for both small and medium-sized accounts.

Vendor Site

Developer Background

The EA is developed by Lorenzo Edward Beukes, an MQL5 developer with several trading tools focused on:

• Synthetic index trading
• Multi-asset automation
• Risk-managed EA systems

His previous projects include:

• Stargogs Spike Catcher EA
• Stargogs Deriv EA

This positions Stargogs Pay EA as part of a broader ecosystem of automated trading tools.

Core Strategy Breakdown

1. EMA-Based Trend Detection

The EA uses two exponential moving averages:

• 200 EMA → Determines overall market trend
• 21 EMA → Identifies entry opportunities

Trades are typically executed when short-term momentum aligns with the broader trend direction.

2. Hedging System

A key feature of this EA is its hedging mechanism, which:

• Opens opposite trades when the market moves against the position
• Uses configurable pip distance (default ~10 pips)
• Attempts to reduce floating drawdown

⚠️ Important: Hedging can increase trade complexity and spread costs, especially on non-ECN brokers.

3. Scalping + Multi-Strategy Execution

The EA also integrates:

• Short-term scalping entries
• Trend continuation trades
• Recovery-style position management

This allows it to adapt to both ranging and trending markets.

Key Features

• Multi-market compatibility (Forex, Gold, Indices, Synthetic markets)
• Fully automated execution (24/7 trading)
• Adjustable lot size and multiplier
• Configurable hedging distance
• Profit target auto-close function
• Works on all timeframes (M1–D1)

Supported Markets

Stargogs Pay EA can trade across:

• Forex pairs (EURUSD, GBPUSD, etc.)
• Gold (XAUUSD)
• Indices (NAS100, US30)
• Synthetic indices:
  • Volatility 75
  • Boom & Crash
  • Jump indices

This makes it suitable for traders looking for portfolio diversification using one EA.

Performance Overview (Reported Results)

Synthetic Market Test (Volatility 75)

• Starting balance: $10
• Ending balance: $28.31
• Growth: ~183%
• Period: ~3 months

Boom 1000 Example

• Starting balance: $2,000
• Profit: $330.30
• Return: ~16.5%

⚠️ Important: These results are historical examples and may not reflect future performance. Market conditions, spreads, and broker execution will affect real results.

Recommended Trading Setup

• Platform: MetaTrader 5
• Account Type: ECN (preferred for lower spreads)
• Timeframes: Any
• Leverage: 1:100 – 1:500
• Minimum Deposit:
  • Advertised: $10
  • Practical: $100 – $500+

Important Settings Explained

• Lot Size (0.01)
  Controls initial trade size
• Lot Multiplier (2.0)
  Scales positions in recovery/hedging
  → Set to 0.0 for conservative trading
• Hedging Distance (10 pips)
  Distance between hedge positions
• Close in Money ($2)
  Closes all trades when profit target is reached
• Magic Number (8889)
  Used for identifying EA trades

Advantages

• Works across multiple asset classes
• Flexible strategy configuration
• Includes risk management logic
• Suitable for small and medium accounts
• Can run fully automated

Limitations & Risks

• Hedging can increase trading costs (spread + commissions)
• Not ideal for brokers that restrict hedging
• Performance depends heavily on market conditions
• Requires monitoring despite automation
• Synthetic indices carry higher volatility

Who Is This EA Best For?

Stargogs Pay EA is suitable for:

• Intermediate traders familiar with EA behavior
• Users who understand hedging strategies
• Traders looking for multi-market automation
• Those willing to monitor and optimize settings

It may not be ideal for complete beginners without basic trading knowledge.

Installation Guide (Quick Steps)

1. Copy the .ex5 file into MT5 → Experts folder
2. Restart MetaTrader 5
3. Attach EA to a chart
4. Enable Auto Trading
5. Load set files (recommended)
6. Adjust risk settings

What You Get

• Stargogs Pay EA MT5 (.ex5 file)
• Set files (optimized configurations)
• Installation guidance (if provided by seller)

Final Verdict

Stargogs Pay EA MT5 offers a structured approach to automated trading, combining trend-following logic with hedging and scalping elements.

Its biggest strengths are:

• Strategy transparency
• Multi-market flexibility
• Configurable risk management

However, traders should approach it realistically. Hedging systems are not risk-free, and consistent profitability depends on proper setup, broker conditions, and disciplined usage.

Risk Disclaimer

Trading forex, gold, and synthetic indices involves significant risk. Automated systems can incur losses, especially during strong trends or high volatility. Always test on a demo account before using real funds.