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

Originally Posted by ;

quote You're looking @ the incorrect weekly near. Average Trade: 1-Friday Oct. 20 market near = 1.2000 2-Sunday Oct. 22 market openings open to 1.2030 3-Enter short @ 1.2030 with target 1.2000(Friday near) and SL @ 50 pips (1.2070) **Gap-close trading is not supposed to hold a position for an whole week. **I'd utilize SL of 20 pips or less near if gap does not close within 6 months. Gaps close in a few hours. **I'd just trade greatest 1 or 2 openings. Check pre-market quotes sunday evening.

I disagree with you. The deal could be a day

Originally Posted by ;

Pairs I Exchange: EURUSD, GBPUSD, AUDUSD, USDJPY, USDCAD, EURGBP, EURJPY, EURGBP Pretty conservative. I exchange 5 lots and on ordinary make ? 1300 per week with 2 minutes of effort. The openings are filled about 99 percent of their time. My SL is 50, my TP is Friday's close. That's all. Enjoy your life! You'll have a lot of time to do all you prefer. Backtest this and convince yourself. The only reason you can lose is if you choose to exchange more throughout the week.

Though this seems to function on many pairs you mentioned, I really don't see that it functions on EURUSD using 50 pips SL. @EURUSD the win/loss ratio es almost equal (at least with that 50 pips SL) ...

Originally Posted by ;

quote When Sunday opens and you see the gap.

Thus, do you open the trade immediately I see the gap so that there will be profit when it gets stuffed?

Originally Posted by ;

quote So, do you open the commerce instantly I see the difference so that there would be profit once it gets stuffed?

Theoretically.
I don't believe this method is tradable because of the wide spreads on Sunday open.

Originally Posted by ;

I think its working for people who are able to discover a broker with fixed spread. In US we have just 2 brokers and spread isn't offered by both. Any trustful offshore broker with spread for US residents anyone knows ,please allow me to know. Due fred

Fixed Spread Brokers usually have different spreads for different period of days. I tried Fixed Spread account at FxPro, but it isn't really better either. It's truly the worst disperse they can provide.

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

BTW, I am sure if you changed the title of the thread, it would not be in Rookie Talk. The moderators do not enjoy the 100% No Reduce kind of material.

That is a method I have used to good advantage for many years. Certainly not 100 percent but I would rate it at the 90s. Most weekend openings are closed usually on precisely the same day. You've got to be careful as price is able to move farther away before coming back to close the gap.

Originally Posted by ;

... I will have to wait until next Sunday to learn. 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

I wished to determine how large the gap gets, I've only tested this months EUR/GBP so far.
EUR/GBP started this week with a 27pip gap, at which stage the spread was 13pips = 14pip profit
(wouldn't be surprised if the spread was around 50 percent of the gap size on average)

If you have your information saved, pass it along and I could add a column for the disperse and return through history and fill in the blanks. . Just an idea

Attachment 2511372

Attachment 2511379

Also bill, if you did your backtesting: did you take profit in the close of the Friday EOD candle? Or did you shut out like CJN?

Originally Posted by ;

quote That much is apparent. There are those who believe a gap the gap between the close of Friday and open Sunday and some who believe the gap the gap between the large of the Friday bar and the open on Sunday. I was asking which he uses. The gap between the high and open is a lot easier to see.

That I have no idea what he can. He didn't say.
On my back test, I just looked for a gap between Friday's near and Sunday's open. It is not difficult to see.