TOM - Turn of the month effect EA

Starting from 1987 Ariel’s work, in which he showed that Dow Jones returns in the 1st part of the month are significantly higher than the ones of the 2nd part of the month, Lakonishok and Smidt (1987) noted that the performance in the 4 days around the end of the month was 0.473%, while the average of returns over a period of 4 days was 0.0612%. To know more about the TOM strategies, click here to read the article.

Requirements

Since the TOM dates are different according to the tactic (read the article linked above), the EA needs a csv file containing the turn of the month dates to work.

• To get the TOM dates, contact us and we will send you the csv file.
• The .csv file has to be placed, to trade in real time in "MQL4/Files/BTM-Files/Dates" and to backtest in "tester/BTM-Files/Dates". The csv file name must be equal to the "EA Name", which is an input parameter of the Expert Advisor.

NB: The EA and needs "Main EA and libraries" to work, and has the features described in its product description.