The name says it all, this EA would just sell when there is an up gap in price over the weekend, and buys when the vise versa. This EA does give you the choice of choosing your Stoploss and target set-up… However, it buys and sells based on “an assumption” that gaps are ussualy fully or partially recovered. Which makes this trading system defined as a pure gambling tool.
Market Gaps are ussually caused by either the Market players closing their buy or sell positions before the Market close on friday, or caused by a market news release over the weekend. Clearly, there is no technical pattern here to trade based on.
The Gap EA is a free software which you can pick up for here and play with and share your experience.