i-Monday_Sig - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Entry signals on the "Monday" system. The signal is formed on Mondays on an hourly basis, which is defined by the value of the HourOpenPos indicator input parameter, depending on the price movement from the previous day's opening time to the current value.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on September 26, 2007.
Figure 1 i-Monday_Sig indicator
Attachment download
📎 i-monday_sig.mq5 (8.61 KB)
Source: MQL5 #1619
i-Monday_Sig - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
i-Monday_Sig - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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