Wanted gap trading EA - Page 3
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Thread: Wanted gap trading EA

  1. #21
    Hi Cobrafox,

    2 trades on 02/11 total 80 pips

    Two trades 9/11 total -200 pips (such as an idiot I dropped my lots. DOH!)

    Two trades 16/11 total 80 pips.

    Both trades GBUSD EURUSD.

    I believe USDCHF is a much better fit for this egy than EURUSD.

    Cheers,

    Mike

  2. #22
    Quote 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

  3. #23
    Quote 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

  4. #24
    Quote 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

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