Originally Posted by
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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...