here is a quick indicator that i wrote to list all gaps above a specified limit. lets see how much it is useful.
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Find Weekly Gap.mq4
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Dislikedhere is a quick indicator that i wrote to list all gaps above a specified limit. lets see how much it is useful.Ignored
DislikedHey roundrock...thanks! Very nice....three things:
Could you have it calculate true pips re a 5 digit broker? So EU's gap would be 59.6 and not 596.
Could you sort from highest gap to lowest gap?
Could you have it display the gap up in one colume and the gap down in another column?
This will be very useful...we'll further develop a Sunday gap trading strategy with this.
Cheers
CanuckCTIgnored
DislikedIf anyone's still following this forum here is the strategy I use to trade weekend gaps. It has been very successful to this point.
Strategy:
-On the Sunday open if a gap of 13 pips or more is present, buy if there is a gap down and sell if there is a gap up. Buy/Sell at market.
-I define a gap as the difference between the Sunday open and the top or bottom of the Friday's candle body depending on the market direction. Example: for a gap down I measure the distance between the Sunday open and the bottom of the Friday candle body.
-Set profit...Ignored