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Marco Cesare Dezzani  
Setting advice: Monday trading on US30
  • According to many cyclical analysis theories (such as ICT or Market Profile), Monday (and partially Tuesday) is when the market establishes the highs and lows for the week.
  • Monday is often a day of “positioning” with reduced volumes. The price tends to fluctuate without a clear direction (trading range) because the index has to reabsorb everything that happened over the weekend (geopolitical news, Sunday statements).
  • Monday is used to “close the gap” or to test the remaining uncovered liquidity, making the movement very volatile and directionless.
Based on my backtests, trading on Mondays results in an increase in profit of about 10%, but with a higher drawdown and an increase in losing trades.
Traders should therefore consider whether to activate Mondays in their settings, based on their trading style and the volatility that can be expected on Mondays due to events that occurred over the weekend that could make the market very nervous
Marco Cesare Dezzani  

Important: You must manually update this value during the Daylight Saving Time (DST) this weekend

Why is this setting necessary? 

The global transition to Daylight Saving Time (DST) is not synchronized. For example, the United

States typically changes its clocks two to three weeks before Europe.

Furthermore, different brokers follow different server time rules:

• Broker A may align its server clock with the New York transition (US DST).

• Broker B may align its server clock with the London/Cyprus transition (EU DST).

• Broker C (especially in Australia or Asia) may follow a completely different internal logic or no DST at all.

Ensure the configured hour always matches the server time at the exact moment of the New York open.

For more details, see the User manual

Marco Cesare Dezzani  
This is the settings file I use when price action is very indecisive at the market open. To give trades a bit more room, I have slightly increased the stop loss to 370 instead of 330. Please test it with your broker on a demo account before using it on a live account. Trade on Monday it is up to your trading style, as already wrote in the specific comment.
Files:
US30_NoMonday_v1_9.set  2 kb
Dougal  

Just a note to say i bought the EA a month or so ago and I am happy with it so far.

I particularly like the new no Monday set file.

On backtesting it looks like the EA could work on a few other pairs, have you tried it at all?

Keep up the great work

Dgl

Marco Cesare Dezzani  
Dougal #:

Just a note to say i bought the EA a month or so ago and I am happy with it so far.

I particularly like the new no Monday set file.

On backtesting it looks like the EA could work on a few other pairs, have you tried it at all?

Keep up the great work

Dgl

Thank you for your feedback. I’m glad you’re satisfied. 

It might work with other currency pairs, but I’ve tried using other indices without much success. They need to be highly volatile at a specific time. If you have a specific pair in mind, I can run some tests, as I also need to check that it interprets the currency’s decimal correctly. 

Dougal  

Nice so far

Marco Cesare Dezzani  
Dougal #:

Nice so far

Thank you so much for sharing your results! I'm happy to see things moving in the right direction.
Dougal  

This EA has to be run on a fast connection or VPS, it makes a lot of difference to the results.

Thats not a complaint it just a fact for a scalper like this.

Marco Cesare Dezzani  
Dougal #:

This EA has to be run on a fast connection or VPS, it makes a lot of difference to the results.

Thats not a complaint it just a fact for a scalper like this.

Thank you for the feedback! You are absolutely right. Even though the EA uses pending orders (which already reside on the server), a fast connection or VPS is crucial to minimize latency during rapid Trailing Stop updates. Reducing the 'communication time' between the EA and the server is the best way to keep the orders synced and mitigate slippage, especially on a fast asset like US30.
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