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@  edinm : (25 June 2019 - 07:17 AM) mladen po
@  Tripack : (25 June 2019 - 02:40 AM) Hey Singh what’s up bro ?
@  Singh : (24 June 2019 - 02:26 PM) Sup T
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@  Singh : (24 June 2019 - 02:26 PM) 60 sec Strategy Making Real Money
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@  looser : (23 June 2019 - 11:13 PM) HighLow
@  traderpusa : (21 June 2019 - 01:01 AM) There are plenty of coders here that could help you if you prove your strategy is profitable, so just post it in a thread. For sure it will become a very popular thread.
@  traderpusa : (21 June 2019 - 12:59 AM) Ah, in that case did you make a thread and post/explain it ?
@  karabo : (21 June 2019 - 12:51 AM) thanks I already thought of that,but I learned a lot from this group I just wanted to also share it amoungst fellow helpers that can maybe improve it or make it suit their needs
@  traderpusa : (21 June 2019 - 12:35 AM) if your system is as good as you claim, you wouldn't mind spending a few $ to get it automated and post a job on https://www.mql5.com/en/job. My 2 cents.
@  karabo : (20 June 2019 - 08:18 AM) any good coders here to help ,having a good manual strategy ,hilding good results for the longest time ,need it to give alerts and not get all glued to screen.I have screen shots to prove results
@  vdsrilanka : (20 June 2019 - 03:14 AM) adx crossing
@  Tripack : (19 June 2019 - 09:10 AM) I think FSA maintains a list of blacklisted brokers
@  jvcernado : (19 June 2019 - 08:21 AM) Trader from japan. would you mind help me what is the best broker to use from here please?
@  traderpusa : (19 June 2019 - 12:12 AM) a bit far from Manila lol
@  jvcernado : (18 June 2019 - 11:45 PM) I live in Cagayan de oro. Mindanao Currently living in Japan bro
@  traderpusa : (18 June 2019 - 10:59 PM) great, whereabouts in PH ? I live in Taguig, Manila
@  jvcernado : (18 June 2019 - 10:40 PM) New Here Looking forward to be with you traders.. I am a Filipino trader

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GAP trading


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#1 Rustyh6281

Rustyh6281

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Posted 07 May 2019 - 03:18 AM

Morning all ...

 

Just want to start a discussion ... then i will look to post my trades

 

So i took a few trades on the USDCAD this morning ... now, maybe i just caught a trend, but i was trading the gaps between close / opening

 

All 5 min candles, 5 min trades ... but it just worked.

 

Now, my theroy is simple ... the gap is created because of momentum. So, it stand to reason the trade will go in the direction of the gap!?

I have traded with the trend ... not against. Buy which i mean, if we have a bull (green) candle, and the gap is up ... trade up ...

but if we have a bull candle and the gap is down - no trade.

 

Take the trade on the open of the new candle where the gap is created. You can wait for the quick pull back to the previous close ... then get in!

 

... thoughts, comments welcome!

RluNEvq.png



#2 Abdul777

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Posted 07 May 2019 - 12:12 PM

Hi there,

 

I might be absolutely wrong with this, but I believe on 5min chart the gap is just caused by internet lag or some other irregularities.

Just as an example, take a look at different charts, from different brokers/chart providers. Most of the 5min candles will slightly differ from each other, some will have the gap while others will not have it, hence I would say, it's very subjective.


  • Rustyh6281, chanquetes and adefebsa like this

#3 opit

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Posted 09 May 2019 - 12:14 PM

Spoiler

Whatever works for you means good for you. Keep it up. Just becareful with piersing line and dark cloud cover, they were formed after the gap as well.
  • Abdul777 likes this




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