Thread: Wanted gap trading EA

Originally Posted by ;

Hello Cobrafox,

Two trades on 02/11 total 80 pips

Two trades 9/11 total -200 pips (like an idiot I doubled my lots. DOH!)

Two trades 16/11 total 80 pips.

Both trades GBUSD EURUSD.

I think USDCHF is a better match for this egy than EURUSD.

Cheers,

Mike

Mike,

I have been studying and trading the gaps much like you've described. Curious if you've kept at it and what the results have been. Thanks Beforehand. - Brian

Originally Posted by ;

Mike,

I have been studying and trading the gaps much like you've described. Curious what the results have been and if you've kept at it. Thanks in advance. - Brian

Hi Brian,
I only dabbled at Gap trading some time back, nothing severe.

I have moved on to using trend lines and SR.. Consider stretching some trend lines (both flat and sloping) by a few days/week ago forward, and see where they touch future price reversals. They're the very best way to predict price changes!


Cheers,


Mike

Originally Posted by ;

Hi Cobra, I'd be grateful of your findings, if you have a spare minute, on which trade (from the oppposite direction to the gap direction, with SL=100, TP=40) or at the direction of the price trend, irrespective of the gap direction, (SL=100, TP=100) makes most money from the attached GBPUSD chart. I manually wrote down 11 weeks trades GBPUSD, using the mechanical method of trading in the contrary direction to gap direction, with SL=100, TP=40 and had just one drawdown of -100 pips, which is a 90% achievement. This success rate might not apply to all pairs...

Hello Mike, can you tell me what was your experience with gap trading following this years?
Thank you.
Alin

HI,

I need something easy but specific as I really do have the knowledge to do so:

I would like a specialist or an indior that does this:
I would like mt4 to create for me an excel file where I'll loe:
all of the openings (just friday-sundays)
price closed on friday
price open on sunday
if the gap opened up I would like the highest price prior to the price went back into the near on friday and the opposite if the it gapped down
the number of hours it took for the gap to close and when did it shut.

I will provide you an illuion:
inside this file


I will need those values:


september 12 2008 closed at 1.4215
september 15 available at 1.4341
large (before the gap closed) 1.4481 on september 15th at 6:23AM GST
gap closed september 15th at 1h29 PM GST

for those who have a query pleas fell free to reply.
Thank you