Forex MULTI GAP Expert Advisor

Forex MULTI GAP Expert Advisor review:

MULTIGAP mt4 is a multicurrency Expert Advisor that works on GAPs.

It is a break in quotes between the close time on Friday and open time on Monday.

When a Monday gap appears, the EA opens a deal on the currency pair where the gap is maximal. The deal will be opened if the gap is greater than specified in “porog_gap” parameter.

It can also open two additional deals in case the price moves back to the distance specified in porog_otl.

Deals are closed by stop loss, take profit and at some special conditions.

The EA automatically determines 4 and 5 digit quotes.

Change torg_1…torg_10 and symbol_1…symbol_10 parameters to work with other currency pairs

You can use up to 10 pairs.

The EA has been converted from the MT5 version to the MT4 version upon requests of users.

The EA can be launched on one currency pair.

Test results:

Forex MULTI GAP Expert Advisor

Parameters:

  • HOUR_START – trade start hour on Monday (0 on default).
  • porog_gap – gap threshold value (default value = 20).
  • tp – take profit level in points (default value = 17).
  • sl – stop loss level in points (default value = 200).
  • porog_otl – additional order threshold value (default value =25).
  • magic – magic number of the main order.
  • magic2 – magic number of the additional second order.
  • magic3 – magic number of the additional third order.
  • risk – risk percentage of the available margin (default value = 5, recommended 1-20).
  • lot – lot for trading, used when risk<=0 or risk>100 (default value = 0.01)
  • symbol_1 – name of the first symbol (for example, EURUSD).
  • torg_1 – if set to true, it is allowed to trade with the first symbol. If set to false, trading is not allowed.
  • symbol_10 – name of the tenth symbol.
  • torg_10 – allows trading the tenth symbol.

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Installation

Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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