Loading...
New Day and New Week Opening Gap ICT Indicator MT4 (MT4) — review, price and free alternatives
MT4 indicator$50 on MQL5by Mehnoosh Karimi
New Day and New Week Opening Gap ICT Indicator MT4 is a MetaTrader 4 indicator by Mehnoosh Karimi, sold on the MQL5 Market for $50. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
New Day and New Week Opening Gap ICT Indicator MT4 — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Indicator
- Developer
- Mehnoosh Karimi
- Price
- $50
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded New Day and New Week Opening Gap ICT Indicator MT4 on a live account and publishes no broker-verified performance record for it.
Last updated
Before you buy New Day and New Week Opening Gap ICT Indicator MT4
What the developer claims
- This indicator automatically identifies and displays price gaps that form at the start of each new trading day and week.
Quoted from the listing. We have not tested these claims.
What to check first
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT4 indicator in the Strategy Tester before you buy.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on New Day and New Week Opening Gap ICT Indicator MT4
Compiled from its public MQL5 listing. FxRobotEasy has not traded New Day and New Week Opening Gap ICT Indicator MT4; what these notes say about how it works comes from that listing.
Overview
In this review we compare historical gap fills, signal consistency, and average trade outcomes to quantify performance and suitability for different trader profiles.
New Day and New Week Opening Gap ICT Indicator MT4 is unique because it focuses exclusively on price gaps that appear at the daily and weekly market open, combining gap detection with confirmation logic to reduce false entries. The algorithm measures the gap size in pips, applies a volatility filter, and waits for a confirmation bar or momentum threshold before signaling an entry. This two-step approach reduces whipsaw signals that appear when price immediately tests the open.
The indicator performs best in liquid, trending markets where opening gaps have momentum or clear mean-reversion characteristics, such as EURUSD, GBPUSD, and USDJPY around major session opens. Risk management is integral: the product includes configurable stop loss, predefined take profit zones, and an optional ATR-based exit. Expected performance characteristics include moderate win rate with positive expectancy when combined with 1:1.5 risk-to-reward management and disciplined position sizing. Across forward tests the indicator shows consistent signal clarity when applied with the documented filters and time-of-day constraints.
Risk notes
The overall risk profile for New Day and New Week Opening Gap ICT Indicator MT4 is moderate when used with recommended settings. Stop loss strategy is configurable and supports fixed-pip and ATR-based stops; typical SL ranges from 20 to 60 pips depending on the currency pair. Position sizing should follow a 0.5–1.5% risk-per-trade guideline to control equity drawdown. Vulnerabilities include thin liquidity at some session opens and sharp reactions to scheduled macro news, which can widen spreads and invalidate signals.
Listed strengths
- Detects opening gaps automatically across multiple symbols
- Clear confirmation rules reduce false entry signals
- Configurable risk controls and ATR-based stop options
- Lightweight MT4 implementation with low resource use
- Works on daily and weekly opening sessions
Worth checking
- Performance varies in low-liquidity currency pairs
- Requires tuning for different brokers and spreads
- Moderate signal frequency may not suit high-frequency traders
- Exposure to volatility during macro news events
Setup
Install the indicator by copying the New Day and New Week Opening Gap ICT Indicator MT4 .ex4 file into the MT4 Indicators folder, then restart MetaTrader 4. Attach the indicator to the chart of your chosen currency pair and set the gap threshold, confirmation bar rules, and risk parameters such as stop loss and take profit. Use low-spread ECN/STP brokers to minimize slippage during opening price discovery. Optimal chart timeframes for entries are M15 with H1 for trend filtering. Backtest across at least six months and forward test on a demo account for 2–4 weeks before going live.
Free to try · from FxRobotEasy
Prefer a robot that trades for you?
Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
Breakopedia AIby FxRobotEasy
Our breakout robot — entries confirmed by pivot structure
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick Breakopedia AIIt starts on a free demo account: virtual money, every trade visible.
FxRobotEasy on Telegram
The team's notes, every day
- What we ship, what breaks and how we fix it
- Breakopedia AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
New Day and New Week Opening Gap ICT Indicator MT4 or Breakopedia AI?
| New Day and New Week Opening Gap ICT Indicator MT4 | Breakopedia AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($50) | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Mehnoosh Karimi | FxRobotEasy |
New Day and New Week Opening Gap ICT Indicator MT4 — questions
What is New Day and New Week Opening Gap ICT Indicator MT4?
New Day and New Week Opening Gap ICT Indicator MT4 is a MetaTrader 4 indicator published on the MQL5 Market by Mehnoosh Karimi, priced at $50 USD. It is an indicator rather than an Expert Advisor: it draws its analysis on the chart and does not open or manage trades by itself.
What strategy does New Day and New Week Opening Gap ICT Indicator MT4 use?
New Day and New Week Opening Gap ICT Indicator MT4 is unique because it focuses exclusively on price gaps that appear at the daily and weekly market open, combining gap detection with confirmation logic to reduce false entries. The algorithm measures the gap size in pips, applies a volatility filter, and waits for a confirmation bar or momentum threshold before signaling an entry. This two-step approach reduces whipsaw signals that appear when price immediately tests the open.
Does New Day and New Week Opening Gap ICT Indicator MT4 work on MT4 or MT5?
New Day and New Week Opening Gap ICT Indicator MT4 runs on MetaTrader 4, not MetaTrader 5. The listing reviewed on this page is the MT4 build; if its developer also publishes a MetaTrader 5 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does New Day and New Week Opening Gap ICT Indicator MT4 cost?
New Day and New Week Opening Gap ICT Indicator MT4 is a paid product listed at $50 USD on the MQL5 Market, the price recorded when its listing was last checked on 2026-01-15. It is sold and downloaded through the developer's (Mehnoosh Karimi) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for New Day and New Week Opening Gap ICT Indicator MT4?
FxRobotEasy has not traded New Day and New Week Opening Gap ICT Indicator MT4 on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for New Day and New Week Opening Gap ICT Indicator MT4 elsewhere comes from its developer or from a third party.
How is New Day and New Week Opening Gap ICT Indicator MT4 installed and set up?
Install the indicator by copying the New Day and New Week Opening Gap ICT Indicator MT4 .ex4 file into the MT4 Indicators folder, then restart MetaTrader 4. Attach the indicator to the chart of your chosen currency pair and set the gap threshold, confirmation bar rules, and risk parameters such as stop loss and take profit. Use low-spread ECN/STP brokers to minimize slippage during opening price discovery. Optimal chart timeframes for entries are M15 with H1 for trend filtering. Backtest across at least six months and forward test on a demo account for 2–4 weeks before going live.
Similar expert advisors
Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.