GapMaster Pro EA MT4 – Free Download

Introduction GapMaster Pro EA

In the fast-paced world of forex trading, the right tools can make all the difference. One such innovative tool is the GapMaster Pro EA, a professional system designed to trade on live accounts by leveraging patterns of closing gaps in price movements. This article delves into the features, advantages, and disadvantages of GapMaster Pro EA, providing a thorough review without recommending its use.

Technical Specifications

Version: 1.2
Year of issue: 2024
Working pairs: GBPJPY
Recommended timeframe: H1
Minimum Deposit: $1000
Average of account: 1:30 To 1:1000

Best Brokers List

GapMaster Pro EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

GapMaster Pro EA Settings

Customizable Options

GapMaster Pro EA offers a range of customizable settings to suit individual trading preferences:

• Comment: Add comments to settings.
• Magic: Assign a unique magic number for positions.
• Language: Choose between English and Russian for messages.
• Trading Days: Specify allowed trading days (e.g., only Monday or all days).
• Max Spread When Opening: Set the maximum allowable spread for opening positions.
• Size of the Gap: Define the minimum gap size for opening deals.
• Coefficient of the Take Profit: Set the gap share used for profit.
• Tick Criterion: Use the tick criterion to guide trading decisions.
• Lot Selection: Choose between automatic money management or fixed lot.
• Stop Loss: Set the initial stop loss.
• Type of Trailing: Select the trailing type (e.g., no trailing, simple trailing, or trailing by candle extremes).
• Start Trailing: Decide when to start trailing (immediately or only when there is no loss).
• Trailing Step: Define the stop loss move step during trailing.

Understanding the Trading Strategy

The Concept of Gaps

In forex trading, gaps refer to the empty spaces on price charts where no trading activity has occurred. These gaps often form after weekends or holidays due to fundamental changes in the market. They can also occur during regular trading days when significant news is released, leading to heightened volatility.

Gap Closure Phenomenon

A notable characteristic of gaps is their tendency to close. This means that after a gap occurs, the price often moves back to its original value, either partially or completely. This behavior presents a lucrative opportunity for traders, as the probability of gap closure is relatively high.

Features of GapMaster Pro EA

Automated Gap Detection and Trading

GapMaster Pro EA is designed to automatically detect gaps, measure their magnitude, and decide on market entry based on the likelihood of the gap closing. Each position is calculated with individual goals tailored to the prevailing market conditions.

Tick Criterion for Precision

One of the standout features is the use of the tick criterion for analyzing price movements. This allows the robot to accurately pinpoint the start of the movement towards gap closure, ensuring nearly inertialess action and maximizing profit potential.

Risk Management and Position Management

The robot includes various types of trailing to manage open positions, significantly reducing trading risks. It also features automatic money management, adjusting transaction lots according to accumulated volumes and allowing for reinvestment of profits.

Infrequent but High-Volume Trades

Due to the rarity of gaps, GapMaster Pro EA does not frequently open positions. However, when it does, the trades are highly accurate and executed with increased volume, leading to high trading efficiency.

Review GapMaster Pro EA  Backtest

Summary of Backtest Results

Backtest on IC Markets

• Initial Deposit: $100.00
• Total Net Profit: $651,651.18
• Profit Factor: 3.47
• Absolute Drawdown: 19.90
• Maximal Drawdown: 19.90 (35.29%)
• Total Trades: 77
  • Short Positions: 22 (45.45% won)
  • Long Positions: 55 (78.18% won)
• Maximal Consecutive Wins: 9
• Maximal Consecutive Losses: 3
• Largest Profit Trade: $97,534.11
• Largest Loss Trade: -$21,753.79

Backtest on Alpari

• Initial Deposit: $100.00
• Total Net Profit: $3,892,163.72
• Profit Factor: 3.29
• Absolute Drawdown: 8.76
• Maximal Drawdown: 8.76 (26.91%)
• Total Trades: 95
  • Short Positions: 30 (33.33% won)
  • Long Positions: 65 (73.68% won)
• Maximal Consecutive Wins: 10
• Maximal Consecutive Losses: 4
• Largest Profit Trade: $495,099.89
• Largest Loss Trade: -$148,067.26

Detailed Analysis

1. Initial Deposit and Total Net Profit:
   • Both backtests start with an initial deposit of $100.00.
   • The IC Markets backtest resulted in a total net profit of $651,651.18, while the Alpari backtest achieved a significantly higher net profit of $3,892,163.72. This discrepancy suggests the EA performed substantially better on the Alpari platform during the tested period.
2. Profit Factor:
   • IC Markets: 3.47
   • Alpari: 3.29
   • The profit factor is slightly higher for IC Markets, indicating marginally better efficiency in generating profit relative to the risk taken.
3. Drawdown:
   • IC Markets:
     • Absolute Drawdown: 19.90
     • Maximal Drawdown: 19.90 (35.29%)
   • Alpari:
     • Absolute Drawdown: 8.76
     • Maximal Drawdown: 8.76 (26.91%)
   • The drawdown figures for Alpari are significantly lower, indicating less risk and volatility compared to IC Markets. This is a crucial aspect for risk-averse traders.
4. Trade Statistics:
   • Total Trades: More trades were executed in the Alpari backtest (95) compared to IC Markets (77).
   • Win Rates:
     • Short Positions:
       • IC Markets: 45.45%
       • Alpari: 33.33%
     • Long Positions:
       • IC Markets: 78.18%
       • Alpari: 73.68%
   • The win rates for long positions are high in both tests, with IC Markets performing slightly better.
5. Profit and Loss Distribution:
   • The largest profit and loss trades show significant variance, with the Alpari test having both higher profit and loss extremes. This indicates that while Alpari had some very high-winning trades, it also had larger losing trades, which could contribute to the higher overall profit but also suggests higher risk per trade.

Conclusion

The Gap Professional MT4 1.0 EA shows strong profitability and robustness across both IC Markets and Alpari platforms. However, there are notable differences:

• Profitability: The EA was much more profitable on Alpari.
• Drawdown: The risk (drawdown) was lower on Alpari, suggesting more stability.
• Trade Performance: The EA had a higher win rate for long positions on both platforms, with IC Markets showing slightly better performance in terms of win rate.

Overall, while both backtests indicate a profitable strategy, the choice of broker/platform can significantly impact the EA's performance. Traders should consider these differences and possibly conduct further testing under live market conditions before making a decision.

Advantages of GapMaster Pro EA

1. Automated Trading: Reduces the need for constant monitoring, allowing traders to focus on other tasks.
2. High Accuracy: Trades based on a well-researched phenomenon (gap closure) with a high probability of success.
3. Customizability: Offers numerous settings to tailor the trading experience to individual needs.
4. Risk Management: Incorporates various protective measures to ensure stable operation even in adverse conditions.
5. Efficient Use of Resources: Trades infrequently but with high accuracy and volume, maximizing trading efficiency.

Disadvantages of GapMaster Pro EA

1. Market Dependency: Performance may vary significantly depending on market conditions and broker specifics.
2. Infrequent Trading: May not be suitable for traders looking for constant trading activity.
3. Initial Setup Complexity: The numerous customizable options might be overwhelming for beginners.
4. Optimization Requirement: Although not frequent, optimization may be necessary when switching brokers or in response to changing market conditions.
5. Dependency on Leverage: The tool performs best with high leverage accounts, which may not be suitable for all traders.

Conclusion

GapMaster Pro EA offers a sophisticated approach to forex trading by exploiting the gap closure phenomenon. With its robust features, risk management tools, and high trading efficiency, it presents a valuable tool for traders. However, potential users should consider its market dependency, infrequent trading nature, and the need for occasional optimization. As with any trading tool, thorough research and careful consideration are essential before integrating GapMaster Pro EA into your trading strateg

Download GapMaster Pro EA

Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex ea works before using it on a live account.