EA Auto Gap
Note: Back testing Auto Gap is NOT possible!
Expert adviser Auto Gap - a 100% algorithmic stable and secure Forex multi trading robot, it's target - gaps and trade them accordingly.
What is a 'gap' and how it's traded?
Gaps are areas on a chart where the price of a financial instrument moves sharply up or down, with little or no trading in between. As a result, the asset's chart shows a gap in the normal price pattern. If there's a gap upwards we go short/gap down we go long and awaits for the price to come back, usually it does but sometimes the market has other plans and our stop loss get hit.
Multi trading and how does this adviser work?
This trading robots primary target is to trade multiple currency pairs at once and this is done from one single chart. Attach this robot to one (currency selected not important) chart and time frame M15. Possibility to subtract currency pairs that's unwanted for trading. It's important you make sure your broker has all 28 currency pairs available and that they are visible in your market watch else this robot will not work on your account! Secondary alternative, run the adviser per symbol/chart (single trading) but very ineffective...the choice is yours but not my recommendation, use default set files and trade from one chart.
- No dangerous trading techniques used in trading operations
- Powerful 3 in 1 risk assessment system
- Weekday manager - Weekdays to trade, start and stop time
- Order levels management fully automatic - No settings!
- Break even and trailing stop- optional to use
- Don't require your attention more then once - at installation/setup
- No messy configurations
- Never needs optimizations/settings update. Perhaps break even that you might want to adjust to your own specs
- Set and forget
- ECN account preferable
- Risk assessment - do not risk more then 2-3% and always use one of the dynamic modes (trading fixed lots does not give you the same risk equation/trade)
- Based on a leverage of 1:500 and multi trading,to get high yield trades start with at least $1000, minimum deposit should not be less then $500. Trading single pair ( non multi trading) deposit can be as low as $100/pair.
- As 'gaps' don't appear frequently,multiple currency pairs need to be traded - use available set files for best pairs to trade but still this does not mean trading opportunities will happen everyday and a future guarantee for profitability!
- 5 digit broker
- Use some sort of VPS.
Auto Gap can not be back tested due to the nature of it's purpose and system gap scanner. Recommended to first run adviser on demo account and later on upgrade to live.
- Risk assessment - Fixed lots, dynamic position size percent, dynamic position equity percent
- Adviser settings - Magic number, order slippage,stop loss factor and order string comments
- Traded instruments - Current selected instrument for trading, manual inputs for symbol prefix and/or suffix if needed
- GAP threshold - Minimum threshold for market gap scanner - between 1-15, value 5,10 or 15 recommended were 4-5 give most trades and smaller gaps traded
- Trailing stop - Start and step in pips
- Break even - Trigger and padding levels in pips
- Weekday manager - Weekdays to trade,start and stop time with automatic server GMT offset adjustment
Product feedback information
- In general why this is important
In general how to Purchase/install/update a market Product
1. Trailing stop added
2. Menu adjustments
1: Break even function added
2: Two new automatic stop loss modes - 30% & 25%. Advisers current default stop loss percent set to 30 and break even turned on.
1: Risk assessment update
1: An alert message was removed
1: Settings menu update
2: Gap scanner sensitivity fix