Monday Dip — Free TradingView Pine Script Source

Monday Dip — Free TradingView Pine Script Source

Developed by RBOT.CC

Free Pine v6 source for standard 1D charts; native platform validation pending.

Source & Review

Development

Developed by: RBOT.CC

Product specifications and updates are maintained by RBOT.CC.

Verification status

Source information only

This product is developed by RBOT.CC. No independently verified performance report has been published yet.

This product is developed by RBOT.CC. Performance claims require a public evidence report and do not promise future results.

Strategy Details

Logic

Long-only strategy for standard 1D charts. After Monday closes below the previous trading-day close, the strategy checks the IBS filter (enabled by default at 0.25). The optional 180-day SMA filter is disabled by default. Entry normally fills at the next available daily open. A Wednesday-or-later close requests an exit at the next available daily open.

Risk Management

The default stop is 10% below the filled entry price, not 10% of account equity. There is no take profit or pyramiding. Missing sessions can delay exits. Commission and slippage default to zero and should be adjusted. The author supplied the TradingView backtest; independent checks passed 31 local rule tests, but native Pine compilation and backtest reproduction remain pending.

Parameters & Installation

Recommended Setup

Platform: TradingView / Pine Script v6

Frequently Asked Questions

How do I install this indicator on MetaTrader 4 / 5?

To ensure smooth setup, we provide two installation methods:

⚡ Method 1: One-Click Auto-Installation (Recommended)
1. Extract the downloaded zip archive.
2. Double-click quick_install.bat.
3. Confirm your MT4/MT5 path (the script auto-detects it; press Enter). The script automatically deploys indicator (.ex4/.mq4) and template (.tpl) files to the correct folders, and launches your terminal.

🛠️ Method 2: Manual Installation
1. In MetaTrader, go to File > Open Data Folder.
2. Copy indicator files into MQL4/Indicators (or MQL5/Indicators), and copy any .tpl files into the templates folder.
3. In the Navigator panel, right-click and select Refresh.

For video demonstrations and troubleshooting, visit our step-by-step Installation Guide.

Which broker is recommended for using this indicator?

For the most accurate chart signals and reliable backtesting, we recommend IC Markets (Raw Spread). Key reasons based on its institutional infrastructure include:

• Institutional Liquidity & Tight Spreads: Raw spreads from 0.0 pips aggregated from 25+ top-tier liquidity providers, ensuring indicators (such as MACD, Moving Averages, and Oscillators) calculate true interbank pricing without artificial price spike distortions.
• Deep Tick History: Access comprehensive historical market data across Forex majors, Gold (XAUUSD), Indices, and Cryptos on MT4 and MT5.
• Zero Trading Restrictions: Full freedom to apply any technical strategy, scalping method, or custom indicator setup.

You can open a demo or live trading account via the IC Markets Official Portal to test indicators with real institutional feeds.

Are these tools completely free to download?

Yes. All core indicators and EAs on RBOT.CC are free to download directly without email walls, hidden paywalls, or account limits. If a third-party developer offers an optional commercial Pro version, it is clearly indicated with an external source link.

Can I use these tools on demo and live accounts?

Yes. You can run them on unlimited demo and live accounts with any MetaTrader broker. We strongly recommend testing thoroughly on a demo account for at least 2 to 4 weeks to observe trade behavior and drawdowns before using real money.

Do I need a VPS to use these tools?

For technical indicators and manual chart analysis, a standard home PC or laptop is completely sufficient.

For automated trading EAs running 24/5 uninterrupted, deploying on a high-speed Windows VPS is strongly recommended to eliminate trade disruptions from home internet drops or power outages.

We recommend HHOST Cloud Servers (Tier 3+ Data Centers in Hong Kong, Japan, and Singapore):
• Operating System: Choose Windows (available on the Standard $10/mo plan and above).
• Hardware Specs: 2 vCPU cores, 4 GB RAM, 40 GB SSD, and 100 Mbps bandwidth provide optimal performance for running multiple MetaTrader terminals simultaneously.
• Low Latency & High Uptime: High-capacity network route with 99.95% availability and sub-20ms latency to regional brokers.

You can configure and launch your server via the HHOST Windows Server Portal.

Where can I get help or discuss settings?

You can join our Telegram community (@wwwrbotcc) to ask setup questions, share backtests, and discuss strategy settings with the RBOT team and other algorithmic traders.

READY TO AUTOMATE YOUR TRADING? GET DOWNLOAD NOW

⚠ READ BEFORE USE

This indicator is for educational and expert use only. Test on a DEMO account for at least 30 days before going live. By clicking “OK”, you acknowledge and accept the risks of trading.