Mondays

The system is based on a Mean Reversion pattern on Monday. The backtest has been conducted from 2006.

The trades are opened every Monday at the appointed time. The EA calculates position volume based on the market situation. The trading robot can use up to 4 averaging. The EA does not use StopLoss.

EA online Monitoring

Signal: Mondays MT4

Timeframe – M15. Currency pair: USD/CHF. The EA can be backtested by bars or every tick.

Parameters

1. StartLots – starting lot size. This is an initial basing lot to open a trade. It can be modified by EA basing on a market situation, but no more than twice.
2. StartHour, StartMinute – operation start time. StartMinute must be a multiple of 15 (0-15-30-45). The recommended time 02:45 for EET (Eastern European Time).
3. TakeProfit – profit target as % of the current price.
4. StepPip – step of averaging in pips.
5. UseMM_Balance – value in deposit currency. If this option is set (i.e. different from 0), then the starting lot is calculated per each part of UseMM_Balance of deposit. If set to 0, then the starting lot is fixed and equals StartLots. For example, if StartLots=0.1 and UseMM_Balance=300, when the deposit is 300, the EA will open an order of 0.1 lot, and when the deposit is 600 – 0.2 lot, when the deposit is 900 – 0.3 lot, etc. This parameter is needed for reinvestment.

Additional Information

• Minimum deposit - $200.
• Minimum lot – 0.01.
• Minimum leverage - 1:100, higher value is recommended.
• Recommended types of accounts – NDD and ECN.
• The EA does not require optimization.