Gap Pro EA uses an important pattern of price gaps for trading, when after a gap occurs, the price tends to return to its original value. This phenomenon is called gap closure. The gap closes partially or completely, the probability of this is quite high, which allows you to get a stable profit on such movements. EA recognizes the occurrence of a gap, measures its size and, based on the nature of further price behavior, makes a decision to enter the market in the direction of closing the gap. At the same time, the robot calculates individual targets for each position, depending on the conditions that have developed on the market.
Attention!!! Please read carefully the rules for installing the advisor, and install it correctly. Before publishing, we check everything and publish only those advisors that work on our accounts !!! At least at the time of this article’s publication. Also, please note that the name of the adviser has been changed, you can find the original name of the adviser in our telegram channel https://t.me/FX_VIP/2372
Developer price | |
Terminal | MT4 |
Currency pair | EURUSD, GBPJPY, GBPUSD, USDCAD, AUDUSD |
Timeframe | H1 |
Money management | At least 100 currency units |
Recommended brokers | IC Markets |
For advisor recommended to use VPS 24/5 | Zomro (most affordable Windows server only $ 2.75 per month) |
Backtesting:
Backtesting was carried out on the GBPJPY currency pair, since the author of the advisor claims that it shows the best results on this pair, the EA settings were installed from the corresponding set file, which is in the archive with EA. Below you can see the test results in more detail.
Settings:
Conclusion:
The logic and trading system that is embedded in the EA is really quite effective and profitable, there are manual trading strategies based on closing the gap, they have been used quite successfully by traders for many years and it works.
This adviser also shows quite impressive results in the strategy tester on the past history, but I am confused by the fact that the adviser opens positions even with very small price gaps and it seems to me that due to the specific conditions of the broker’s work on real accounts as well as VPS delays, the trading result will be different, but due to the small deposit that is required for this adviser to work, I think everyone can test it on their own account without causing significant financial losses for themselves, because as the author claims, you can start even with $ 100 to work on one currency pair.
The most important thing is that you need a broker with a small spread and fast order execution, I recommend using the IC Markets broker, and all the set files that are in the archive with the adviser are optimized specifically for this broker!
Functionality tested, in build 1427 working.
Reminder: As with every trading system, always remember that forex trading can be risky. Don’t trade with money that you can not afford to lose. It is always best to test EA’s first on demo accounts, or live accounts running low lotsize. You can always increase risk later!