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Good Monday

5

The expert trades at the opening of the market after the weekend, focusing on the price gap (GAP). Already developed sets are in the comments. At the same time, various options are available in the expert settings, allowing you to create your own unique sets yourself. 

Download settings (sets): https://www.mql5.com/en/blogs/post/747929

Currency pairs for which the sets have been developed: GBPUSD, AUDUSD, NZDUSD, USDCAD, EURGBP, EURCHF, GBPCAD, GBPAUD, AUDCHF, AUDJPY, AUDNZD, CHFJPY, CADJPY, NZDJPY, NZDCHF, EURUSD, GBPCHF, GBPJPY.

The expert works the same on any timeframe, as it automatically takes the necessary data from multiple timeframes.

Sets optimization was carried out in the MetaTrader5 strategy tester, since there quotes have a floating spread, which makes testing more reliable.

Signals monitoring: https://www.mql5.com/en/signals/author/test-standart.

Version for MT5: https://www.mql5.com/en/market/product/45320.

It is preferable to do backtests in MT5, since there quotes have a floating spread.

Pay attention to the useful information in my profile: https://www.mql5.com/en/users/test-standart

All parameters are described in the blog: https://www.mql5.com/en/blogs/post/737064 .

Reviews 10
tattila
1304
tattila 2023.03.23 07:10 
 

Simple and good strategy!

Italo Martins da Cruz
1178
Italo Martins da Cruz 2022.09.29 21:35 
 

I purchased the Good Monday EA just over two weeks ago and it's too early to talk about its results, however, the five stars are for the great and fast support, over time and according to the results my account gets, if possible , I will update my review.

Federico Sistri
892
Federico Sistri 2021.07.13 08:21 
 

Excellent expert advisor.

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Konstantin Kulikov
5 (3)
This EA trades a weekly gap, opening trades on the Friday before the market close and closing trades on Monday morning. This strategy do not contain grid and martingale elements. I have been using this strategy for a long time with my "Breakthrough Strategy" EA. I intentionally did not over-optimize the sets for "Breakthrough Strategy", as they have been showing good results for a long time on a real account: https://www.mql5.com/en/signals/395124   . Therefore, as an alternative or addition to
Filter:
tattila
1304
tattila 2023.03.23 07:10 
 

Simple and good strategy!

Italo Martins da Cruz
1178
Italo Martins da Cruz 2022.09.29 21:35 
 

I purchased the Good Monday EA just over two weeks ago and it's too early to talk about its results, however, the five stars are for the great and fast support, over time and according to the results my account gets, if possible , I will update my review.

Danny Jacques
668
Danny Jacques 2021.09.13 03:01 
 

User didn't leave any comment to the rating

Federico Sistri
892
Federico Sistri 2021.07.13 08:21 
 

Excellent expert advisor.

Kelly Mulligan
1140
Kelly Mulligan 2021.02.12 00:54 
 

Best EA for taking advantage of weekend GAPs. Works very well without any martingale too!

MakeMoneyAdvanc
75
MakeMoneyAdvanc 2020.11.16 12:55 
 

sorry I deleted the message, ok I will use the recommended settings but on icmarkets I had no problems, the signals were not opened on avatrade brokers. With the settings you indicated do I solve the problem or won't it open on avatrade? Thanks again Luca

EAseeker KIM
158
EAseeker KIM 2020.11.07 11:04 
 

Few trades All profit. Live signal looks very promising. 매매는 적은데 아직까지는 모두 익절했습니다.

Win Thu
4714
Win Thu 2020.10.18 03:27 
 

Much better on new version and new setting, I use it together with FrankoScalp, Breakthrough Strategy, and GridMartin Conqueror.

Oleksandr Vlasenko
1003
Oleksandr Vlasenko 2020.08.06 12:35 
 

Very good!

Evgenii Timoshin
611
Evgenii Timoshin 2020.07.07 13:52 
 

Simple and effective strategy!

Reply to review
Version 1.7 2022.04.16
Fixed a bug in the calculation of "Multiplier_of_Min_minutes_pause" and "Multiplier_of_Min_pips_between_positions" parameters.
This update does not affect sets and profiles, the settings remain the same.

How to update in order not to reset the settings of Expert Advisors on open charts.
1) Save your current profile (tab "file" -> "profiles").
2) Switch to another profile (for example, the default profile).
3) Update the experts in the terminal (via the market).
4) Open your profile (saved in step 1).
This can be done even if you have open positions.
Version 1.6 2022.02.13
The following has been added to the EA parameters.
1) Close_positions_at_percentage_of_loss - percentage of floating loss from the balance at which all positions are closing; 0 - disabled;
2) Time not to close deals. The time at which only real TP and SL are valid.
Use_Not_Closing_Time - enable/disable the function;
Period_Not_Closing_after_GAP_in_minute - the number of minutes since the opening of the week, during which the EA will not close deals.
3) Do not open deals on new currency pairs if there are 2 deals or more for some pair (you can set any number of deals): Total_deals_for_one_symbol_so_as_not_to_open_new_symbol = 2.
Version 1.5 2021.09.10
◾the "Use_Hide_TP_SL" parameter is split into two parameters: "Use_Hide_TP" and "Use_Hide_SL".

◾Use_MM_2 - lot calculation as a percentage of deposit based on StopLoss (Max_SL parameter).
◾Risk_Percentage - percentage of deposit for lot value calculation.

◾Lot_calculation_based_on - lot calculation based on balance or equity.

◾Lot_calculation_with_rounding - use rounding when calculating a trading lot (more aggressive lot calculation, to accelerate the increase in balance).

◾Hold_position_at_opening_hour - do not close the position at the opening hour.

◾Total_first_deals_of_line_magics_for_one_symbol - the maximum number of open positions for the current symbol with magic numbers from "Line_Magics"; valid for values greater than 0; this parameter limits the opening of the first position and does not limit the opening of averaging positions.
◾Total_first_deals_of_line_magics_for_all_symbols - the maximum number of open positions for all symbols with magic numbers from "Line_Magics"; valid for values greater than 0; this parameter limits the opening of the first position and does not limit the opening of averaging positions.
◾Line_Magics - line of magic numbers of positions; if empty, then the number of open positions is calculated for all (any) magic numbers.

Examples.
1) Total_first_deals_of_line_magics_for_one_symbol = 1 and Line_Magics contains magic numbers of this Expert and another Expert. Another Expert opens a GBPUSD position, then this Expert will not open a GBPUSD position until it is closed.
2) Total_first_deals_of_line_magics_for_all_symbols = 1 and a GBPCAD trade was opened (with magic number from Line_Magics), then GBPUSD will not open while GBPCAD is open. And these parameters will not affect the averaging positions of GBPCAD.
Version 1.4 2020.06.11
The program file was compiled with a new terminal build to avoid potential errors.
Version 1.3 2020.06.02
1) Martin and grid parameters added: Use_Grid_mode, Multiplier_of_trade_Lot, Min_minuts_pause_between_positions, Multiplier_of_Min_minuts_pause, Min_pips_between_positions, Multiplier_of_Min_pips_between_positions.
2) Added Oscillator filter: use_Oscillator_filter, Entrance_level, Exit_level.
3) Added skipping options for holidays and selected dates.
Version 1.2 2020.03.27
Use_Hide_TP_SL - if "true", then virtual (hidden) TP and SL are used, instead of real ones.
Version 1.1 2020.02.07
Minor bugs fixed.