Introduction
Welcome to the less-than-glamorous world of Forex trading automation. Today, we’ll discuss how to use the Aura Superstar MT4 trading robot. With a rating of 4.75, it seems to have caught the attention of a few traders. But remember, a high rating doesn’t mean it’s foolproof. Let’s dive into installation, configuration, and my grizzled experience with this so-called “superstar.”Installation and Setup
Getting started with the Aura Superstar MT4 is straightforward, which is good because no one likes complicated installations. Here’s how to do it:1. **Download the EA**: Obtain the trading robot from the official Aura Superstar MT4 page.
2. **Copy Files**: Place the downloaded .ex4 file into the 'Experts' folder of your MetaTrader 4 installation. That’s right, just drag and drop.
3. **Restart MT4**: Close and restart your MetaTrader 4 platform to ensure the robot is recognized.
4. **Attach the EA**: Open a chart for the currency pair you wish to trade, then drag the EA from the Navigator panel onto the chart.
5. **Configure Settings**: Adjust the input parameters according to your trading preferences, although it’s highly debatable if you will find the optimal setting on the first try.
Now you’re ready to let the robot do its thing… or not.
Experience Using the Robot
The feedback we've gathered from users ranges from euphoric satisfaction to cautious optimism. Some users, like Cheong Meng, claim an 82% win rate since January 2023. Although you have to wonder how many traders would still call it a win if they were trading their life savings.I observed one user, Rajiv Bhoj, who gave the robot a 5-star rating even before trading. Clearly, enthusiasm can cloud judgment, especially when it’s based on good customer service rather than performance.
In my own experience, the Aura Superstar can churn out decent trades… occasionally. Consistency is still a question mark, though.
Tips for Improvement
While the Aura Superstar may excel in some areas, here are a few suggestions for squeezing a bit more juice out of it:-
- **Select Currency Pairs Wisely**: Test the EA on several pairs before settling on the best performers.
- **Monitor Performance**: Keep an eye on drawdowns; a robot with low drawdown in a demo account can easily morph into a disaster on a live account.
- **Adjust Timeframes**: Experiment with different timeframes to see how it behaves; sometimes a small tweak can lead to a big improvement.
- **Stay Updated**: Make sure you’re aware of market conditions and news that could affect trading outcomes—not everything can be automated.
Remember to not just set and forget; even robots need a watchful eye now and then.
Aura Superstar MT4 Source Code
Now, let’s address the elephant in the room. The original source code of the Aura Superstar MT4 robot isn't available to the public. What we have are descriptions and parameters from its listing on MQL5. It’s important to note that the EASY Trading Team does not sell the Aura Superstar MT4. We merely created a code example based on the public descriptions. So, if you’re wondering why you can’t find the source code, it’s because it’s kept under wraps for a reason. If you have questions about our example code, feel free to ask.
Code:
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