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- Jack Wasp replied Nov 14, 2010
It could very well be your broker. I ran my two year backtests on Forex.com (GAIN). I actually live trade this with FXOpen. I think FXCM might work but you've got to be careful of the spreads. I agree with you on the GBPUSD. It pretty much fell flat ...
- Jack Wasp replied Nov 13, 2010
You might be right but it would be helpful if you had any data to show this. I've got another data provider that aligns fairly close with Forex.com's prices. I'll use this to look back further and see if anything pan's out. As of right now based on ...
- Jack Wasp replied Nov 10, 2010
Backtest Results — I finally completed the backtests going back to 11/16/2008. I'll be upfront and honest; they are not pretty. While the previous year had a stellar performance the prior 12 months didn't except for one pair, the USDJPY. I ...
- Jack Wasp replied Nov 8, 2010
The trade lost. I'll post more details as time permits. I started to look back another 10 months prior to the original backtest. This will give us an idea of what it has done over the last 22 months. I'll post it when I'm done.
- Jack Wasp replied Nov 7, 2010
Here is a setup on the NZDUSD on an FXOpen account that failed. I haven't backtested this pair yet so it was just a test. Spread is 5. image
- Jack Wasp replied Nov 7, 2010
EURJPY — Here is a gap on the EURJPY on a Forex.com account. It filled the gap but didn't cover the spread. The spread is currently at 6. image
- Jack Wasp replied Nov 7, 2010
EURUSD Broker - FXOpen image
- Jack Wasp replied Nov 7, 2010
I spotted one setup on my FXOpen account. EURUSD GAP=18 75%=13.5 (ROUND UP TO 14) TP=14 PIPS (+SPREAD) SL=14 PIPS (+SPREAD) SPREAD=2 PIPS image
- Jack Wasp replied Nov 7, 2010
I am sure all of you are aware but just as a reminder, the US just went to Daylight Savings time. Keep this in mind for the Sunday open.
- Jack Wasp replied Nov 7, 2010
I'm glad you looked at your own backtest data. I don't want anyone to just blindly trade this with real money without either demo testing or doing their own backtesting on their broker. The success of this strategy definitely varies from broker to ...
- Jack Wasp replied Nov 6, 2010
I forgot to answer your question about timeframes. I look at the 30MIN but it doesn't really matter. All you need is the Sunday opening price and the Friday closing or opening price depending upon the direction of the gap. These trades generally ...
- Jack Wasp replied Nov 6, 2010
Hi whatfx, Yes I have traded this strategy live but just started last Sunday. It did win for me. On one of my accounts a setup triggered in the EURUSD which won. Over the course of the last year in my other trading styles I kept noticing this Sunday ...
- Jack Wasp replied Nov 6, 2010
Hi vukovi, First off, you definitely are not boring me to death! I actually enjoy doing this. Now, to answer your question, what broker are you using? Almost every broker I am aware of offers mini and standard lots to be traded in the same account. ...
- Jack Wasp replied Nov 5, 2010
Hi vukovi, On USD pairs one pip will always equal $10 for a standard lot traded. Other pairs will vary. A mini-lot on a USD pair would be $1. Micro lots would be $0.10. Most brokers have micro accounts available but not all. Leverage deals with how ...
- Jack Wasp replied Nov 5, 2010
Hi vukovi, Correct me if I'm wrong but I think you're asking about the risk per trade of 5%. If the gap was a smaller one (10-20 pips) you would increase your lot size but never exceed your total risk per trade. For example: Gap size=20 pips 75% ...
- Jack Wasp replied Nov 4, 2010
vukovi, I'm not sure what mean exactly by the second gap. I think what you are implying is to fill the gap then reverse your direction in an attempt to see if the market will pull back. If that is what you mean, that could be very risky. On my ...
- Jack Wasp replied Nov 3, 2010
vukovi, The pairs I personally look at and trade for the weekend gap strategy are the EURUSD, USDJPY, GBPJPY, and EURJPY. I have reviewed and studied the performance of the GBPUSD and the EURGBP and found those to not work too well. See post #2645 ...
- Jack Wasp replied Oct 31, 2010
Hello everyone, First before I forget, for those of you who don't already know there is another thread talking about weekend gaps here; url As most of you are noticing, this strategy does not work the same from broker to broker. I ran the ...
- Jack Wasp replied Oct 31, 2010
By the way, Lawgirl21's thread is trading these gaps for any of you not already aware. url
- Jack Wasp replied Oct 31, 2010
Hi All! I have spent most of this afternoon going over data from different brokers. I'm far from being done but I have definitely noticed a difference in the results from broker to broker. I ran the backtests on GAIN which performed great. I ...