Market / MetaTrader 4 / Experts /

Gap EA

90 USD

Demo downloaded: 272

Published: 23 July 2018

Current version: 1.2

Gap EA

Experts
Yuriy Kuzmin
Version: 1.2
Updated: 25 July 2018
Activations: 5

Gap EA is an automated trading system, which uses regularities of a price gap closing.

It is known that in about 90% of cases the gaps are likely to close, i.e. the price almost always approaches to the close price of the previous bar. The Expert Advisor utilizes this principle.

The robot tracks the gap and places an order with a take profit at the extreme of the gap, with a small stop loss.

Parameters

MAGIC - magic number for the EA's orders
Lots - traded lot size
Stop - fixed stop loss in points
MM - using money management
MMRisk - coefficient of lot linear dependence on funds in money management
Spread - maximum allowable spread value
Reverse - using a reverse after stop loss triggering
RevStop - fixed stop loss in points for the reverse trade
RevTake - fixed take profit in points for the reverse trade
Profit Trailing - using the trailing stop function (true/false)
Trailing stop - fixed trailing stop value (in points)
Trailing step - step of trailing stop
Slippage - allowable slippage

Operation Instructions

The trading robot can be used on any accounts with any leverage.

Recommended timeframe - М1.

The robot should be used on accounts with the minimum possible spread. If possible, use a broker with a fixed spread.

In case of floating spread, set the Spread parameter to a value not smaller than minimum spread of a given account.

Important! Be sure to optimize the Expert Advisor before using it on a live account!

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Version 1.2 2018.07.25

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