In this post I will review the Star Trader fully automated forex trading robot that runs in the MetaTrader 4 (MT4) trading platform. This is another forex robot developed by the LeapFx team who have produced some other forex expert advisors that you can see in my forex robot reviews.
You simply download Star Trader, follow the instructions to set it up on your MT4 trading account, specify the lot size you wish for it to trade and Star Trader will scan the markets. It has a conservative mode an more aggressive mode. You can trade the mode that suites your trading style for peace of mind.
Star Trader Trading Strategy
Star Trader has different trading modes build in, including a conservative mode for those more cautious traders amongst you. Star Trader runs on the popular currency pairs the EURUSD and USDJPY. The beauty of trading these popular currency pairs is that they can have high liquidity most of the time which can give low spreads, low slippage and thus save on trading costs in the long term.
I would personally run forex robots with an ECN forex broker as I find that they tend to have some of tightest spreads, lowest commissions and reliable execution speeds.
With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
Star Trader is based purely on RSI & CCI, trading overbought & oversold zones on higher time frames aligned with the current macro trend.
Star Trader Back Testing
The Star Trader official website does contain tick data back tests performed in MT4 strategy tester although they have used low spreads, I would have preferred to have seen real tick data tests using Birts TDS with real variable spreads and slippage / commission included for more accurate results. The back tests go back a few years so again, I would have liked to have seen back tests over a longer period of time.
Star Trader Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Star Trader Summary
Overall, Star Trader is a forex robot by LeapFx who have multiple forex robots. You are free to test on a demo account to begin with but just be aware that trading conditions on most brokers will differ from demo to live accounts due to the price feeds / liquidity. You could get lower spreads and better execution on a demo trading account. Star Trader includes full support, instructions and a money back guarantee.