Mona Lisa

Introduction

Mona Lisa is a unique and powerful Forex software that has gained popularity among traders. In this article, we will provide a comprehensive review of Mona Lisa, including its features, performance, and download options. Whether you are a beginner or an experienced trader, this review will help you make an informed decision about using Mona Lisa for your trading needs.

About Mona Lisa

Mona Lisa is a fully automated Expert Advisor developed based on the author’s trading strategy. It is designed to trade during the Rollover in the Channel when the market volatility is low. The system utilizes technical analysis and indicators such as Bollinger Bands and ATR to calculate points for opening and closing trades. One of the main features of Mona Lisa is the use of pending Limit orders and Dynamic Take Profit to minimize the impact of Slippage and high spread during the Rollover period.

Key Features

– Midnight scalper: Mona Lisa is specifically designed to trade during the Rollover period when the market volatility is low.
– Technical analysis: The system utilizes indicators such as Bollinger Bands and ATR to identify trading opportunities.
– Pending Limit orders: Mona Lisa uses pending Limit orders to reduce the impact of Slippage and high spread during the Rollover period.
– Dynamic Take Profit: The Take Profit level adjusts according to the movement of the trading channel, optimizing profits.
– News filter: Mona Lisa is equipped with a news filter that stops trading during the release of important news, ensuring the safety of your trades.

Supported Currency Pairs

Mona Lisa is designed to trade the following currency pairs at the TimeFrame M5:
– AUDCAD
– EURAUD
– EURCHF
– EURUSD
– USDCHF

Money Management

Mona Lisa offers various money management options to suit your trading preferences. You can choose from the following settings:
– Fixed lot: Trade with a fixed trade size.
– Percent of Loss: Adjust trade size depending on the size of the maximum balance loss.
– Percent of Balance: Trade size proportional to balance.
– Risk Size: Customize money management value according to your risk tolerance.

Exit Settings

Mona Lisa provides flexible exit settings to optimize your trading strategy. You can customize the following parameters:
– Channel Period: Trading channel period for closing trades.
– Exit Shift: Shift from the channel borders to close trades.
– Breakeven Filter: Enable/disable breakeven filter.
– Breakeven Time (Hour): Close deals at breakeven at a specific hour.
– Breakeven Profit: Set the breakeven profit level.
– Profit Protection (pips): Impulse filter for closing trades.

Time Settings

Mona Lisa offers customizable time settings to align with your trading schedule. You can adjust the following parameters:
– Rollover Filter: Enable/disable deleting Limit orders during the rollover.
– Rollover Start: Set the start time of the rollover.
– Rollover End: Set the end time of the rollover.
– First Start Hour: The beginning of the first trading interval.
– First End Hour: The end of the first trading interval.
– Second Start Hour: The beginning of the second trading interval.
– Second End Hour: The end of the second trading interval.
– Delete Pending Order Hour: Set the deletion time for Limit orders.

Performance and Results

Mona Lisa has been extensively tested, and real results are available for independent verification. You can watch the live results and download the presets on the forexroboteasy.com website. The website provides detailed performance reports, including profit charts, drawdown analysis, and more. By reviewing the performance of Mona Lisa, you can make an informed decision about its suitability for your trading needs.

FAQ

Q: Can I use Mona Lisa with any broker?
A: Yes, Mona Lisa is compatible with most brokers. However, it is recommended to use ECN accounts with a minimum spread and a commission per trade of no more than $7 per lot for optimal performance.

Q: Does Mona Lisa use risky trading methods like Grid or Martingale?
A: No, Mona Lisa does not use risky trading methods like Grid or Martingale. All trades are protected by Stop Loss and Take Profit.

Q: How much should I deposit to start using Mona Lisa?
A: The minimal recommended deposit is $50. However, for stable performance, it is highly recommended to use ECN accounts with a minimum spread and a commission per trade of no more than $7 per lot. The optimal commission size is $4-5 per lot.

Conclusion

In conclusion, Mona Lisa is a powerful Forex software that offers unique features and robust performance. It utilizes technical analysis, pending Limit orders, and dynamic Take Profit to optimize trading results. With customizable money management and exit settings, Mona Lisa provides flexibility for traders of all levels. You can watch independent testing of Mona Lisa on the forexroboteasy.com website and subscribe to updates on its performance. Share your experience of using Mona Lisa and join the community of successful traders today.