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Good Monday EA v1.7 MT4 + Setfiles (Platform build 1430+)

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Good Monday EA is a trading robot designed to take advantage of market gaps (price gaps) that often occur at the beginning of the trading week.

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What is Good Monday EA?

Good Monday EA is a trading robot designed to take advantage of market gaps (price gaps) that often occur at the beginning of the trading week. It was developed to work with multiple currency pairs and has been fine-tuned over two years of live trading.

The EA automatically analyzes multiple time frames to identify potential trading opportunities and places orders at the market open on Monday. It comes with a pre-configured set for popular currency pairs and allows users to create their own custom settings.

Good Monday EA Review

Good Monday EA Review

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 EA, Breakthrough Strategy EA, FrankoScalp and other products. Among them, Good Monday EA MT4 is his best performing product.

Good Monday EA MT4 Features

The advisor is integrated with advanced and sophisticated trading support features including:

1. Key Features of Good Monday EA:

  • Gap Trading Expertise: The EA is specifically designed to take advantage of market gaps that occur when the market opens after the weekend.
  • Multiple Currency Pair Support: The EA can be configured to trade multiple currency pairs, including GBPUSD, AUDUSD, NZDUSD, USDCAD, EURGBP, EURCHF, GBPCAD, GBPAUD, AUDCHF, AUDJPY, AUDNZD, CHFJPY, CADJPY, NZDJPY, NZDCHF, EURUSD, GBPCHF, and GBPJPY.
  • Multiple Timeframe Analysis: The EA automatically analyzes multiple timeframes to make informed trading decisions.
  • Spread Adaptability: The EA is well-equipped to handle spreads and can even take advantage of them.

2. Additional Features of Good Monday EA:

  • Customizable Settings: Users can create their own unique trading strategies by adjusting various settings.
  • Real-World Optimization: The EA has been optimized based on real-world trading data, rather than historical backtesting.

Key benefits

  • Profit Potential: The EA focuses on arbitrage trading, which offers significant profit opportunities.
  • Flexibility: Customizable settings allow users to tailor the EA to their specific trading preferences.
  • Reliability: The EA’s real-world optimization and ability to adapt to wide spreads enhance its reliability.
  • Ease of Use: The pre-configured suite and user-friendly interface make it easy to get started.
  • Data-Driven Approach: The EA’s decision-making process is based on thorough analysis of market data.

Good Monday EA MT4 Review

Good Monday EA passed 3 years of backtest trading tests on USDCAD, NZDUSD, GBPUSD, AUDUSD currency pairs. The trading advisor achieved extremely high safety with a test capital of $1,000, a risk level of no more than 1% in 3 years of trading.

Good Monday EA MT4 backtest

Good Monday EA MT4 backtest

Good Monday EA backtests

Good Monday EA backtests

Good Monday EA backtest

Good Monday EA backtest

Good Monday EA MT4 backtests

Good Monday EA MT4 backtests

Recommended settings

Recommended settings and parameters to pay attention to from developers and experts:

FeaturesType
Trading platformMetaTrader 4 (MT4)
Minimum / Recommended deposit$100
Time framesAny times
Currency pairs18 currency pairs
Setup filesAvailable
Product typeNoDLL / Fix
Additional servicesUnlock and Decompile
Recommended brokersExness Broker, HTFX Broker
Recommended VPSMyfxVPS.com ( Blue VPS, Golden VPS). Lowest Latency, 2 week Free Trial, 100% Free for 12-18 Months.

>>> Reviewed by David Easton

Good Monday EA download

The download package of the product suite includes:

  • Experts: Good Monday EA v1.7.ex4
  • Presets:
    • 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
    • Goodmonday_EURUSD_add.set
    • Goodmonday_EURGBP_add.set
    • Goodmonday_AUDUSD_add.set

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1. What is Good Monday EA and how does it work?

Good Monday EA is a trading robot designed to capitalize on market gaps that often occur at the beginning of the trading week. It analyzes multiple timeframes to identify potential trading opportunities and automatically places orders at the market open on Monday.

2. Which currency pairs does Good Monday EA support?

The EA supports a wide range of currency pairs, including GBPUSD, AUDUSD, NZDUSD, USDCAD, EURGBP, EURCHF, GBPCAD, GBPAUD, AUDCHF, AUDJPY, AUDNZD, CHFJPY, CADJPY, NZDJPY, NZDCHF, EURUSD, GBPCHF, and GBPJPY.

3. What is the minimum deposit required to use Good Monday EA?

While the minimum deposit is $100, it's recommended to have a larger deposit to maximize potential profits and manage risk effectively.

4. Is Good Monday EA compatible with any specific broker or platform?

The EA is designed to work with the MetaTrader 4 (MT4) platform. It's compatible with most MT4 brokers.

5. Does Good Monday EA require a Virtual Private Server (VPS)?

While not strictly necessary, using a VPS is highly recommended to ensure uninterrupted trading, especially for those who live in regions with unstable internet connections.

6. What is the level of risk involved in using Good Monday EA?

Like any trading strategy, there is inherent risk involved. While the EA has a strong track record, it's essential to understand that past performance is not indicative of future results. Risk management strategies should be implemented.

7. How often does Good Monday EA trade?

The EA is primarily designed to trade at the beginning of the trading week, taking advantage of potential market gaps. However, the exact frequency of trades may vary depending on market conditions and the specific settings configured.

8. Can I customize Good Monday EA's settings?

Yes, the EA offers customizable settings that allow users to tailor the trading strategy to their specific preferences and risk tolerance.

9. What are the potential benefits of using Good Monday EA?

Potential benefits include automated trading, the ability to capitalize on market gaps, and the potential for significant profits. However, it's crucial to remember that trading involves risk, and there are no guarantees of profit.

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