Expert Advisors and Indicators for MetaTrader 5

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MetaTrader 5

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Friday Monday MT5

friday-monday-mt5-logo-200x200-1358
197.00 USD139.87 USD

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Information

Experts
MetaTrader 5
Konstantin Kulikov
1.1
5

Overview

This EA trades a weekly gap, opening trades on the Friday before the market close and closing trades on Monday morning. This strategy do not contain grid and martingale elements.

I have been using this strategy for a long time with my "Breakthrough Strategy" EA. I intentionally did not over-optimize the sets for "Breakthrough Strategy", as they have been showing good results for a long time on a real account: https://www.mql5.com/en/signals/395124 .

Therefore, as an alternative or addition to the "Breakthrough Strategy" I created this Expert Advisor "Friday Monday", which has undergone high-quality optimization in the MT5 Strategy Tester over the last 4 years.
MT5 has the ability to test several currency pairs at the same time, the EA settings allow such testing (Use_Symbols_from_Line = true). In real work, I strongly recommend using a separate chart for each currency pair (with EA setting Use_Symbols_from_Line = false), since this is scalping and it is important to take into account each tick of each currency pair.

The sets are already built into the EA, so you just need to attach the EA to the chart of a currency pair of any timeframe (the result will be the same, the EA itself takes the required timeframes). Or to quickly set up all the charts with an expert, use the profile from comment #10.

Let's see which sets perform better (old for "Breakthrough Strategy" or new for "Friday Monday"). I will combine them on one account to average the result and get more transactions in total. The "Breakthrough Strategy" and "Friday Monday" Expert Advisors are configured to see each other's trades and thus not open a trade if another Expert Advisor has already opened a trade on this currency pair *. This will protect the account from an excessive number of transactions.

* Sometimes, trades from both experts on the same pair will still be opened, when the opening of trades is too close in time, which does not allow determining a trade in the market in a timely manner. But this will rarely happen.

There is also a limit on the total number of transactions for all pairs of all experts. I set this number to 27 since 26 currency pairs are used (for EURUSD I have set 2 open trades).

Currency pairs: EURUSD, GBPUSD, USDCHF, AUDUSD, USDCAD, NZDUSD, USDSGD, EURGBP, EURJPY, EURCHF, EURAUD, EURCAD, EURNZD, GBPJPY, GBPCHF, GBPAUD, GBPCAD, CHFJPY, CADJPY, NZDJPY, AUDCHF, CADCHF, AUDNZD, NZDCAD.

Completely identical (except for the possibility of multicurrency testing) version of the Expert Advisor for MT4: Friday Monday

Pay attention to the useful information in my profile: https://www.mql5.com/en/users/test-standart

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RISK WARNING: fx-market.pro is a software reseller, we do not offer investment advice or execute trades. The software we provide is a tool where the settings are input by the end user to design their own trading strategy. Trading forex and CFDs carry a high degree of risk to your capital and it is possible to lose your entire deposit. Only speculate with money you can afford to lose. As with any trading, you should not engage in it unless you understand the nature of the transaction you are entering, and the true extent of your exposure to the risk of loss. These products may not be suitable for all investors, therefore if you do not fully understand the risks involved, please seek independent advice.

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