This profitable MT4 expert advisor takes advantage of gaps that might occur between the previous and current bar.
If it identifies a gap, it will open a new buy or sell order automatically on your behalf.
It basically works on price action without any lagging indicators involved.
The test results from the Gap trading MT4 robot looks very promising.
You can test it on any currency pair of your preference.
Default EA settings:
Lots: 1, minimum gap size: 0.1
All default Gap trading robot EA settings can be modified directly by editing the source code or changing the robot’s input values.
It’s highly recommended to test the Gap trading expert advisor for MT4 first on a demo account before real trading.
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Strategy Tester Performance Report
Find below the MT4 strategy tester performance report for the Gap Trading MT4 expert advisor attached to the EUR/USD M15 chart.
Strategy Tester Performance Highlights
The Gap Trading MT4 expert made a total profit of $3273.49 from 13 trades during the test period.
The largest winning trade generated $2535.17 in profits, while there was no losing trade during the test period.
See the test results report above for all details.
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Lots, minimum gap.
More Info About This Expert Advisor
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: price action
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.