Gap and Trail EA Gap, as well as The Gap and Trail EA, is a trading automation tool created specifically for MetaTrader 4 (MT4). It makes use of market gaps and the trailing stop to make trades in a timely manner. This article will dive into the intricacies of this EA and its strategies, recommended currency pairs, and the best setting.
Key Features
- Strategy This Gap and Trail EA employs the scalping method, which aims to close and open positions quickly. It makes use of gaps in the market and adjusts trades according to the volume of transactions.
- The platform runs seamlessly on MMT4.
- Currency pairs trade major pairs like the XAUUSD and GBPUSD, as well as the EURUSD.
- Automatic Capital Management Adjusts the size of transactions in relation to the available funds, which allows the reinvestment of earnings.
- Multilingual support You can choose either English or Russian as the language to communicate.
- User-friendly settings can be easily customized to fit your personal preferences.
Strategy Breakdown
- Gap Identification Gap Identification: The EA examines markets for gaps (the price difference between candlesticks with the same number of candles).
- Directional Trade If a gap is observed, it is when the EA is able to open an account that is in the direction of gap closure.
- Trailing Stop: To reduce risk and manage risk, the EA utilizes open trailing stop positions. The stop-loss level is dynamically adjusted to that level as trades progress.
