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A free to download automated day trading EA is called Good Morning Ultimate EA. The adviser has a monthly account growth of between 5% and 10% and is made to be used with a day trading strategy. You can change the parameters to change the trading time that it uses.
It does not employ risky trading strategies like the grid, martingale, etc., and all transactions are always covered by take profit and stop loss orders. Only one or two transactions per week are made. Good Morning Ultimate as well. On Mondays, EA does not trade, and it does not hold a position over the weekend.
Good Morning EA was backtested using many months of data, and it passed several stress tests successfully. It also passes each month with an excellent profit/drawdown ratio. The developers claim that because it is already optimized out of the box, no parameter optimization is necessary. Nevertheless, you can alter the input parameters and tailor them to your needs.
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Recommendations
- For 0.01 Lot, a minimum account balance of $100 is required. (Be sure to change the EA settings’ lot for your deposit; by default, it trades with a lot of 0.1, which equates to a deposit of $1,000 for each currency pair; if your deposit is $100, you will set a lot of 0.01)
- Work exclusively with the USDJPY, GBPJPY, EURJPY, NZDJPY, and AUDJPY. (For the best outcome, it is advised to execute on all pairings simultaneously.)
- Only work with M5 TimeFrames. (Assemble in any time frame)
- This free forex EA should be run 24/5 on a VPS (Reliable and Trusted FOREX VPS – FXVM).
- low spread ECN account is also advised (Find the Perfect Broker For You Here).
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 | No Minimum Deposit ECN Acount No Commission | |
 | Min Deposit of 20$ |
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