An expert advisor called Gap Sniffer Pro EA was created to profit from the 90% of gaps that are expected to narrow. Long-term investments are ideal for this completely automatic trading robot, which also offers a number of configurable parameters to accommodate diverse trading philosophies.
The Pro Forex EA is a special trading robot that uses the gaps-closing method roughly 90% of the time. The EA can help you generate steady profits on your investments by monitoring the gap and setting an order with a take profit at its extreme.
The Gap Sniffer Pro EA’s adjustable settings are one of its primary advantages. It is totally up to you whether or not you like narrower gaps, which might lead to more trades. Testing the EA on a cent account before going live is advised if you are skeptical about its performance.
Pro Forex EA occasionally uses the martingale strategy, which might be a little hazardous. This approach has led to a very good ROI (Return on Investment) for this EA. Your lot size and risk value will determine how much profit you can expect to generate each month.
Blowing your account is inevitable after utilizing this tactic for a while. The probability theory, however, favors us when investments are periodically withdrawn. When the initial investment is lost, the risky martingale method turns profitable and break-even.
Recommendations
- A minimum account balance of $1,000 (medium risk) and a $100 account (low risk) are both acceptable.
- Work on any currency pair, although EURUSD and GBPUSD are the best.
- best on an M1. (Fewer trades occur as the TimeFrame increases. Thus, the M1 Timeframe has the most trades.)
- This free forex EA should be run 24/5 on a VPS (Reliable and Trusted FOREX VPS – FXVM).
- low spread ECN account is also advised (Find the Perfect Broker For You Here).