GAP PROFESSIONAL EA MT4 – Full Input Settings Analysis

Gap Professional EA is a sophisticated trading system that works to take advantage of price gaps in the foreign exchange market. These gaps, triggered usually by some important events, holidays, or major news releases, can provide sharp price movements. Its operation in different market conditions presents it as a useful and versatile solution for those traders who would like to add this powerful and dynamic tool to their trading basket.

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GENERAL PARAMETERS

• Comment: Default settings – MT4 trade comment.
• Magic Number (8634): Special number for the EA to trade automatically on its own deals.
• Language: English – English interface and messages are displayed.
• Trading Days: All days – The EA trades every trading day of the week without restriction.
• Max Spread on Entry (0 points): 0 means that the EA won’t filter the trades based on the spread; it will trade regardless of the spread size.

GAP CONTROL

• Gap Size (50 points): The EA will only make an entry after a price gap of 50 points or more is seen.
• Take-Profit Coefficient (0.8): The TP is set as a percentage of the gap size. For example, a 50-point gap will have a TP of 40 points (50 × 0.8).
• Tick Criterion (0): Tick-based filtering is disabled (0 = disabled).

LOT MANAGEMENT

• Lot Selection: Automatic lot size management – EA automatically sets the lot size according to account equity.
• Lot per 1000 Units of Free Margin (2.0): The EA trades 2.0 lots for every $1,000 of available margin. This is a dangerous option and must be used with care.
• Fixed Lot (0): This option turns off fixed lot size. Automatic lot size is applied by the EA.

STOP LOSS MANAGEMENT

• Initial Stop Loss (150 points): Sets the initial stop loss at 150 points (approximately 15 pips).
• Trailing Type: By extremes of candles – Stop loss trailing is based on highs/lows of candles.
• Start Trailing: Immediately – Trailing begins as soon as the trade is opened.
• Trailing Step (30 points): Stop loss is trailed every extra 30 points (approximately 3 pips) in profit.

Key Takeaways

• Gap Closure Strategy: The EA leverages the gap-closing technique, executing buy or sell trades with the expectation that prices will revert to pre-gap levels.
• Market Versatility: Designed to operate effectively in a wide range of market conditions, ensuring adaptability and consistent performance.
• Robust Risk Management: It has built-in protection features like automatic stop-loss to guard against trading risks effectively.