GOOD MONDAY EA MT4 – Full Input Settings Analysis

Good Monday EA is a kind of advisor that has been developed in an attempt to trade when the market opens after the weekend, acting based on the price gap which mainly happens after the weekend. It will analyze the market condition on Monday and proceed with trading decisions. The EA has been prepared for MetaTrader; there are some set files which are already pre-configured. Although the days have only just begun to describe its performance, but it received appreciation from consumers on prompt support.

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Set SL and TP (Stop Loss & Take Profit)

• SL_and_TP (Enable group): Enabled
  This section is enabled.
• TP_from_GAP: 0.5
  Take Profit is 50% of GAP distance.
• Use_Hide_TP: false
  Take Profit is not hidden.
• Min_TP: 7.0
  Minimum Take Profit is 7 pips.
• Max_TP: 0.0
  No limit on maximum Take Profit (0 = disabled).
• SL_from_GAP: 1.0
  Stop Loss is 100% of the GAP.
• Use_Hide_SL: true
  Stop Loss is hidden.
• Min_SL: 2.0
  Minimum Stop Loss is 2 pips.
• Max_SL: 25.0
  Maximum Stop Loss is 25 pips.
• Osc_Loss_only_by_SL: true
  Where Oscillator signals are used, losses will occur solely through Stop Loss (not through any other exit).

Oscillator Filter

• Use_Oscillator_filter: true
  Enables the Oscillator-based trading filter.
• Levels_Range: 0–10
  Range scale of signal for the oscillator values.
• Entrance_level: 4
  Trading entry is triggered when the oscillator value is at or reaches level 4.
• Exit_level: 8
  Trades will be closed when the oscillator value is at or reaches level 8.

Grid and Martingale

• Breakeven_Start: 0.0
  Breakeven is disabled (value set to 0 = disabled).
• Breakeven_plus: 1.0
  If breakeven is turned on, SL is moved 1 pip into profit.
• TrailingStop: 10.0
  Trailing Stop is turned on when the trade is in profit by 10 pips.
• Trailing_Step: 1.0
  SL is moved every 1 pip as price goes in favor.
• DrawDown_after_open: 4
  Maximum allowed drawdown after trade opening is 4% (or could be 4 units, depending on EA logic).

Trailing Stop

• Use_Grid_mode: true
  Switches on Grid trading mode.
• Multiplier_of_trade_Lot: 2.0
  Each new trade in the grid doubles the lot (Martingale method).
• Min_minutes_pause_between_positions: 1500
  Minimum pause between new openings: 1,500 minutes (~25 hours).
• Min_pips_between_positions: 35.0
  Minimum 35 pips distance between deals.
• Close_position_at_percentage_of_loss: 100.0
  Close trades when reaching 100% of the maximum possible loss.
• Max_open_transactions: 10
  Maximum number of open trades at the same time.

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