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Good Morning EA makes trades at the opening of European session when the price moves to the middle of the selected range.

Advisor is only based on the size of the candles and RSI. It calculates the price range in a given period and opens short/long trades in the upper/lower part of the range

Optionally Good Morning EA can be used as a grid system with a basket takeprofit.

Features

• FIFO compatible
• Hard stoploss for every position
• High spread protection
• Fixed, Risk & Auto volume
• 2017-2020 99% tick quality optimized & backtesed
• Easy to use & ready to go

Good Morning MT5 EA >> https://www.mql5.com/en/market/product/55288

Telegram 

• Channel smartforexlab
• Group smartforexlab_group

Default

• eurusd H1, GMT+3

Recommendations

• Deposit: $100
• ECN account
• Leverage: 1:400+
• Fast VPS
• ForexChief DirectFx account
• IC Markets Raw Spread account

Input parameters

• Magic – magic number
• Comment – comment
• Slippage – max allowed slippage, point
• FIFO compatible – no more than one position at any time
• Order Max – max allowed amount of positions for each direction
• Lot Max – max allowed volume of each position, lot
• Spread Max – max allowed value of the spread for opening / modifying / closing a position, point
• Timeframe – timeframe
• Direction – allowable positions type
  • LongAndShort
  • OnlyLong
  • OnlyShort
• Takeprofit Virtual – virtual takeprofit
• — Volume —
• Volume Type
  • LotManual – based on Lot Main
  • LotRisk – risk based volume
  • LotAuto – based on Factor Auto
• Lot Main – main lot (valid with LotManual / LotAuto), lot
• Factor Risk – risk per order
• Factor Auto – account funds per each Lot Main value, lot = ACCOUNT_MARGIN_FREE / Factor Auto * Lot Main (valid with LotAuto), $
• Progression Type
  • PrgrNone – no progression
  • PrgrArithmetic – arithmetic progression (Lot=LotLast + Progression Factor)
  • PrgrGeometric – geometric progression  (Lot=LotLast * Progression Factor)
• Progression Factor – progression value
• — Levels —
• Stoploss – stoploss of each position, point
• Takeprofit – takeprofit of the basket (< Takeprofit Number positions), pointt
• Grid – min grid step (< Grid Number positions), point
• — Time —
• Hour Start – hour to open a position, hour
• Hour End – hour to stop opening a position, hour
• Hour End Friday – hour to stop opening a position on Friday, hour
• — Range —
• Range Period – range depth
• Range Factor – range filter
• — Indicators —
• RSI Period – period of RSI
• RSI High Level – upper level of RSI
• — Graphics —
• Color Buy – Buy levels color
• Color Sell – Sell levels color
• Display Trades – enable / disable display the trades

You can also like

• True Range Pro MT4 EA >> https://www.mql5.com/en/market/product/54575
• True Range Pro MT5 EA >> https://www.mql5.com/en/market/product/54578

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