Gap EA

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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Limited-time 30-day promotion: Get Kenni Trades Gold Breakout for only $499.99 —regularly $799.99 —and receive Kenni Daily Scalp Breakout Gold FREE with your purchase. This exclusive offer is available for 30 days only. Kenni Trades Gold Breakout  now includes three selectable trading modes:   Kenni Gold Breakout ,   Kenni Daily Scalp Breakout Gold , and   Kenni Prop Firms . Kenni Trades Gold Breakout  is an automated trading system developed specifically for Gold on MetaTrader 4 hedging account
Forex Diamond EA
Lachezar Krastev
5 (6)
BUY 1 and GET 1 FREE - Promotion! Buy Forex Diamond EA with a huge –60% discount and GET 1 FREE EA by your choice! Promo Price: $217 (Regular Price: $547 — You Save $330!) After purchase contact me to get your GIFT EA! You can also contact me to get the list of available GIFT EAs! Live Results:   https://www.mql5.com/en/signals/2379493 Forex Diamond EA – Reliable Automated Trading Powered by Smart Algorithms Forex Diamond EA is a proven expert advisor designed to deliver consistent results us
Wall Street Robot MT4
MQL TOOLS SL
5 (1)
Wall Street Robot is a   professional trading system   developed exclusively for US stock indices, focused on S&P500 and Dow Jones. These markets are known for their high liquidity, structured movements and strong reaction to global economic flows, making them ideal for algorithmic trading strategies based on precision and discipline. By concentrating only on these indices, the system is able to adapt closely to their behavior, volatility patterns and intraday dynamics, instead of trying to oper
XG Gold Robot MT4
MQL TOOLS SL
4.29 (42)
The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after   extensive testing . XG Gold Robot and works perfectly with the   XAUUSD, GOLD, XAUEUR   pairs. XG Gold Robot has been created for all traders who like to   Trade in Gold   and includes additional a function that displays   weekly Gold levels   with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on  Price
GoldPro
Sergey Batudayev
5 (2)
GoldPro (MT4) — Expert Advisor XAUUSD avec 2 modes sélectionnables : Classique et Scalping GoldPro est un système de trading automatisé pour   XAUUSD (Or)   conçu pour les traders qui recherchent une structure, des contrôles de risque clairs et un EA capable de fonctionner à différents rythmes de marché. Au sein d'un même EA, vous pouvez choisir   son mode de trading  : 1) Mode classique — logique calme pour les balancements et les replis Une approche classique axée sur le comportement de retou
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Endeavor EA
Yuriy Kuzmin
Endeavor EA does not use indicators. It trades the strategy based on trading by hours and the breakout of support and resistance levels. Logic of the EA: it trades during the active phases of the Asian, European and American sessions and allows you to capture almost all the daily trend. It analyzes the history and places pending orders to follow the market direction in case of a breakout. The EA provides the options to close orders by profit or by time. When the price moves in the favorable dire
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