Mona Lisa MT5

Overview of Mona Lisa MT5

• Mona Lisa MT5 is an advanced and fully automated Trading Advisor tailored for the MetaTrader 5 platform.
• The system employs a unique trading strategy, combining indicator-based Technical Analysis with Price Action principles, making it adaptable across various currency pairs.
• It operates primarily as a midnight trading scalper, capitalizing on low market volatility during the rollover period.

Key Features

• Utilizes only Limit-orders to ensure precise market execution and minimize slippage during high spread conditions.
• Recommended trading pairs include:
  • AUDCAD
  • EURAUD
  • EURCHF
  • EURUSD
  • USDCHF
• Dynamic Take Profit that adjusts as the price approaches the trading channel.
• Equipped with a news filter that halts trading during significant news events.

Trading Strategy

• Mona Lisa MT5 focuses exclusively on the M5 timeframe for optimal results.
• The system does not rely on high-risk methods such as Martingale or Grid trading, ensuring a safer trading experience.
• Every transaction is secured with Stop Loss and Take Profit parameters to manage risk effectively.

Settings and Recommendations

• The minimal recommended deposit to start trading with Mona Lisa MT5 is $50.
• For better performance, users are advised to operate on ECN accounts, aiming for a maximum commission of $4 to $5 per lot.
• Configurable settings include various money management options like fixed lot size, percentage of loss, and risk sizing.

User Experience and Community Feedback

• Users have reported positive experiences, often highlighting low drawdown and effective trade management.
• The author provides quick support for users, reinforcing a sense of community and assistance.
• Overall, the feedback emphasizes satisfaction with the performance of Mona Lisa MT5, making it a well-regarded choice among traders. 🎉

Conclusion Thought

• Mona Lisa MT5 presents itself as a reliable trading assistant, offering both safety and efficacy in trading. With its unique strategy and community backing, it might just be the scalper every trader is looking for! 🎨📈