Good Monday EA v1.7 MT4 + Presets (Platform build 1431+)

What is Good Monday EA?

Good Monday EA is a powerful Expert Advisor (EA) that uses a speculative strategy focused on taking advantage of price gaps that occur when the market opens after the weekend. It is designed with flexibility in mind, offering pre-developed sets for popular currency pairs such as GBPUSD, AUDUSD, .., while allowing for extensive customization through its comprehensive settings.

• Vender website

Why choose Good Monday EA?

• Proven Track Record: Backtested results demonstrate consistent profitability across multiple currency pairs over an extended period (3 years), with impressive win rates and minimal drawdowns.
• Flexible and Customizable:
  • Pre-developed sets are included for popular pairs like GBPUSD, AUDUSD, and more, providing a solid foundation for immediate trading.
  • Extensive customization options allow traders to fine-tune the EA to their individual risk tolerance, trading style, and market preferences.
• Robust Risk Management:
  • Calculates trading volume based on margin percentage, ensuring responsible risk allocation.
  • Offers the flexibility to calculate trading volume based on account balance or equity.
• Comprehensive Compatibility:
  • Seamlessly operates on all timeframes by intelligently pulling data from multiple timeframes.
  • Supports a wide range of major and minor currency pairs, expanding trading opportunities.

Good Monday EA is a cutting-edge Expert Advisor (EA) designed for forex traders seeking to capitalize on the potential of weekend price gaps. This powerful tool leverages a sophisticated speculative strategy, focusing on identifying and exploiting significant price movements that often occur when the market reopens after the weekend.

Good Monday EA Features

• Compatibility: Works on all timeframes by automatically pulling data from multiple timeframes.
• Supports multiple currency pairs: GBPUSD, AUDUSD, NZDUSD, USDCAD, EURGBP, EURCHF, GBPCAD, GBPAUD, AUDCHF, AUDJPY, AUDNZD, CHFJPY, CADJPY, NZDJPY, NZDCHF, EURUSD, GBPCHF, GBPJPY.
• Risk Management: Calculates trading volume based on margin percentage. Allows you to choose to calculate trading volume based on account balance or equity.
• Gap-based trading: Expert traders focus on price gaps that appear after the weekend.
• Flexible customization: Allows users to create their own setup through various options.

Good Monday EA MT4 Review

1. Good Monday EA Backtest:

The Good Monday EA’s backtest trading results with a capital of $1,000 achieved stable performance and extremely low risk for 3 consecutive years of trading. The advisor traded on various currency pairs and achieved a win rate of up to 100% on total orders.

• Trading with the AUDUSD pair, the total profit reached $1,829, the risk level was maintained at a safe level of Maximum drawdown: 0.04% and the win rate on total orders was up to 100%.

Good Monday EA MT4 Backtest

• Trading with the NZDUSD pair, the total profit reached $2,264, the risk level was maintained at a safe level of Maximum drawdown: 0.04% and the win rate on total orders was up to 100%.

Good Monday MT4 Backtest

• Trading with USDCAD pair, total profit reached $1,704, risk level was maintained at a safe level Maximum drawdown: 0.06% and the winning rate on total trading orders was up to 100%.

Good Monday EA Backtest

• Trading with GBPUSD pair, total profit reached $11,835, risk level was maintained at a safe level Maximum drawdown: 0.08% and the winning rate on total trading orders was up to 100%.

Good Monday EA Backtests

2. User rating:

Expert Advisor (EA) has proven to be a profitable tool for 3 years of continuous trading and has been well received by the MQL5 community for its performance.

• Italo Martins da Cruz review: ” 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. “
• Italo Kelly Mulligan review: ” Best EA for taking advantage of weekend GAPs. Works very well without any martingale too. “
• Italo Win Thu review: ” Much better on new version and new setting, I use it together with FrankoScalp, Breakthrough Strategy, and GridMartin Conqueror. “

Good Monday EA Review

Latest product download package includes

The download package includes the official version of the advisor:

• Experts: Good Monday EA v1.7.ex4
• Presets:
  • Goodmonday_EURUSD_add.set
  • Goodmonday_EURGBP_add.set
  • Goodmonday_AUDUSD_add.set
  • Main_goodmonday_for_grid.set
  • Basic Grid Set.set
  • AUDUSD_good_monday.set
  • EURUSD_good_monday.set
  • GBPUSD_good_monday.set
  • NZDUSD_good_monday.set
  • USDCAD_good_monday.set
  • Goodmonday.set
• WebRequests.txt

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About the Author

This product is compiled by Konstantin Kulikov. This author has more than +9 years of experience working on MQL5 with many famous products such as Good Monday, FrankoScalp MT4, Breakthrough Strategy EA and others. Among them, Good Monday EA is his best performing product in 9 years.

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Conclusion

In short, this Expert advisor (EA) uses a spread trading strategy, executing trades when the market is open after weekends. It utilizes pre-developed sets and offers custom settings for personalized trading methods.

>>> Reviewed by Jason Stap