Good Morning MT4
- Experts
- Smart Forex Lab.
- Version: 1.10
- Updated: 29 September 2020
- Activations: 10
Good Morning EA makes trades at the opening of European session when the price moves to the middle of the selected range.
Advisor is only based on the size of the candles and RSI. It calculates the price range in a given period and opens short/long trades in the upper/lower part of the range
Optionally Good Morning EA can be used as a grid system with a basket takeprofit.
Features
FIFO compatible
Hard stoploss for every position
High spread protection
Fixed, Risk & Auto volume
2017-2020 99% tick quality optimized & backtesed
Easy to use & ready to go
Default
eurusd H1, GMT+3
Recommendations
Deposit: $100
ECN account
Leverage: 1:400+
Fast VPS
Input parameters
Magic - magic number
Comment - comment
Slippage - max allowed slippage, point
FIFO compatible - no more than one position at any time
Order Max - max allowed amount of positions for each direction
Lot Max - max allowed volume of each position, lot
Spread Max - max allowed value of the spread for opening / modifying / closing a position, point
Timeframe - timeframe
Direction - allowable positions type
LongAndShort
OnlyLong
OnlyShort
Takeprofit Virtual - virtual takeprofit
--- Volume ---
Volume Type
LotManual - based on Lot Main
LotRisk - risk based volume
LotAuto - based on Factor Auto
Lot Main - main lot (valid with LotManual / LotAuto), lot
Factor Risk - risk per order
Factor Auto - account funds per each Lot Main value, lot = ACCOUNT_MARGIN_FREE / Factor Auto * Lot Main (valid with LotAuto), $
Progression Type
PrgrNone - no progression
PrgrArithmetic - arithmetic progression (Lot=LotLast + Progression Factor)
PrgrGeometric - geometric progression (Lot=LotLast * Progression Factor)
Progression Factor - progression value
--- Levels ---
Stoploss - stoploss of each position, point
Takeprofit - takeprofit of the basket (< Takeprofit Number positions), pointt
Grid - min grid step (< Grid Number positions), point
--- Time ---
Hour Start - hour to open a position, hour
Hour End - hour to stop opening a position, hour
Hour End Friday - hour to stop opening a position on Friday, hour
--- Range ---
Range Period - range depth
Range Factor - range filter
--- Indicators ---
RSI Period - period of RSI
RSI High Level - upper level of RSI
--- Graphics ---
Color Buy - Buy levels color
Color Sell - Sell levels color
Display Trades - enable / disable display the trades
Links
Live monitoring >> https://www.mql5.com/en/signals/834617
Good Morning MT5 EA >> https://www.mql5.com/en/market/product/55288
Seller Page
Good Morning EA is another quality, well thought out and engineered product by Aleksei and the Smart Forex Lab team. I have been using both the MT4 and MT5 versions on my live trading accounts since it was published in September 2020. Although the EA doesn't trade every day, it has been very reliable to date, with 100% win rate across the multiple supported currency pairs. Follow the live signal to see up-to-date performance stats!