Thread: 100% fool proof, cant possibly go wrong system

I have been doing so for 6 years now and I think it's time to talk about it.
Here's my system that has been paying my rent and then some for years and it's called:
Trade the gaps.
It takes approximately 2 minutes every week and the one thing you need to do is trade the gaps when markets available on sundaynight.
Yes. It's that simple.

Pairs I trade: EURUSD, GBPUSD, AUDUSD, USDJPY, USDCAD, EURGBP, EURJPY, EURGBP
Pretty conservative. I trade 5 lots and on average make #8364; 1300 a week with 2 minutes of work. The gaps are filled about 99% of the time. My SL is 50, my TP is the close of Friday. That's all. Enjoy your life! You'll have a lot of time to do all you prefer.
Backtest this and persuade yourself. The only reason you can lose is when you choose to trade some more during this week.

Originally Posted by ;

Do you look at the gap between the high of the previous bar or the close of the final bar and also the Sunday open?

He explained the gap between Sunday Open along with Friday's Close.

Very interesting egy.
Playing GAPS
The subject is a small dead, it is not in the interest of anyone to share understanding of the appropriate broker?
So where can you find out where we could take a look at brokers with fixed spreads?

Sounds interesting... Do you've got proof that it really works as you state? Perhaps trade explorer of your account. Everybody is able to state their system works but we cant really know until we see a confirmed track record.

Originally Posted by ;

Sounds interesting... Do you have proof that it actually works as you say? Perhaps trade explorer of your account. Everybody can say their system functions but we cant really know until we see a verified track record.

Why don't you simply look at the charts ? The rules are straightforward and easily observable ...

I just did a manual back evaluation for the last year on AUD/USD and USD/CAD
I ignored gaps of lt;10 pips. I used a 50 pip SL.
Oanda platform. I do not know if Oanda expands the spread in the Sunday open. I will need to wait till next Sunday to find out.

AUD/USD
15 trades
15 W 253 pips
0 L
253 pips net.

USD/CAD
23 trades
20 W 416 pips
3 L -150 pips
266 pips net

Originally Posted by ;

I've been doing this for 6 decades now and I think that it's time to talk about it. Here's my system that's been paying my rent and then some for decades and it is called: Trade the openings. It takes about 2 minutes each week and the only thing you need to do is trade the openings when markets open on sundaynight. Yes. It is that simple. Pairs I exchange: EURUSD, GBPUSD, AUDUSD, USDJPY, USDCAD, EURGBP, EURJPY, EURGBP Pretty conservative. I exchange 5 lots and make ? 1300 a week with 2 minutes of work. The openings are filled about 99% of the time. My SL is 50, my TP...

Yeah Gap trading is fine idea and I frequently . But interestingly you place orders . . I mean lot size.

Originally Posted by ;

I just did a guide back test for the past year on AUD/USD and USD/CAD I dismissed gaps of lt;10 pips. I utilized a 50 pip SL. Oanda platform. I do not know if Oanda expands the spread in the Sunday open. I will need to wait until next Sunday to find out. AUD/USD 15 trades 15 W 253 pips 0 L 253 pips net. USD/CAD 23 trades 20 W 416 pips 3 L -150 pips 266 pips net

Hi Bill - this is worth a read https://www.learntotrade.co.uk/gaps-best-way-trade/

Originally Posted by ;

quote He said the Difference between Sunday Open and Friday's Close.

That is clear. There are people who consider a gap the gap between the end of Friday and open Sunday and some who consider the gap the gap between the high of the Friday bar and the open on Sunday. I was asking which he uses. The difference between the open and high is a lot easier to see.

If anyone is curious, the Casino dash has a built-in gap trading egy to the Sunday open.