Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Can anyone make a thread about: 'how to make profit' + proof? 89 replies

Trading volatility - a possibly interesting exercise 26 replies

My Simple System (Can we automate this system?) 96 replies

New Guy Making A Fool of Himself 6 replies

How Could a Trading Simulator possibly be accurate? 10 replies

Attachments: 100% fool proof, can't possibly go wrong system
Exit Attachments

100% fool proof, can't possibly go wrong system

Quoting Tiivaa
Hello every one I went through 2017 so far for all 7 pairs with the following conditions (Broker XM) -no trade in gaps less than 10 pips(Fri-close to Mon-open) -the average spread 4pips -If TP/SL did not hit , close the trade at Fri-close the result was disappointing, -78 pips BUT If we add following conditions : -on 1H chart if TP/SL did not hit before the end of candle 12, close it -do not trade if Mon-open is between Friday last 1H candle H and L the result is : 729 pips in 41 weeks. average 17/week P.s.find in attached the calculation excel...
I can see this for EUR-USD however looking at some other pairs right now with XM I have:
-18pips spread on AUD-CAD
-14pips spread on USD-CAD
-6pips spread on AUD-USD
-4pips spread on EUR-USD
Quoting AntiVi
{quote} I can see this for EUR-USD however looking at some other pairs right now with XM I have: -18pips spread on AUD-CAD -14pips spread on USD-CAD -6pips spread on AUD-USD -4pips spread on EUR-USD
This is the reason as its mentioned in post one , we need a broker with fixed spreads even on Monday open time !!! and normally when brokers have fixed spread , they have commissions , so spread plus commissions must be a reasonable number to trade this method.
Your theory is correct and it's one of the more obvious patterns that occur week in week out.
However I wonder how this works in practice?
I have often been tempted to try and trade these gaps but it's usually the wrong time of day for me.
So last night I stayed up for a couple of hours after open and watched the charts.
Plenty of gap opportunities but not a single one for me.
Why?
My broker.
I use IC markets and although excellent value during the working day, their spreads at open are atrocious to say the least.
Almost all their spreads widened sufficiently to cover the gaps until they were closed.
I saw a similar thing with Oanda a couple of years ago trying the same thing.
Would be interesting to know of anyone has a broker that makes this possible.
Where price is now, it has been before, and will be again.
Gonna find fixed zero spread broker.
what about fading the gaps?
Quoting mw108
Gap-close trading is a long tradtion in the markets. But you need to clarify what "Friday Close" means. If Fr Close is Bearish and Mo Open opens with a Gap above Fr Open ... Where to put your target? See Screenshot: {image}
well, technically the gap is closed when the Fri close is reached? But I would relate to your question > is the close or the wig relevant to define when the gap is closed?
I guess it is the GAP between close and open?
Quoting senjamerah
{quote} ...bravo! u can called me a liar, cheater or what so ever! up to u bro...
I didnt claim anything and then couldnt provide any proof. You did that so by definition you are a liar until you prove that what you are saying is true. It is not so hard, your system works so why is it a problem to show it? If you cant, you are just one of the many liars on FF. Besides, you called me lazy first and I have the right to respond.

You can laugh as much as you want but that doesnt change the fact that so far you are all talk and no action. I hope nobody takes you seriously. If you can provide prof and its like you say, I will post an apology. Is that fair?
  • Post #48
  • Quote
  • Edited 1:06pm Oct 16, 2017 12:36pm | Edited 1:06pm
Quoting Tiivaa
{quote} This is the reason as its mentioned in post one , we need a broker with fixed spreads even on Monday open time !!! and normally when brokers have fixed spread , they have commissions , so spread plus commissions must be a reasonable number to trade this method.
Even Brokers with Commission have "normal" Spreads, they just dont add a Markup. Problem is that at Markets open there is little liquidity. Thats why the spreads are so high.
I used to be at FXCM for a while and their spreads haven't been that much better even with Commission, especially at Markets Open.

Fixed Spread Brokers might be interesting. But you should be careful aswell. They need to be regulated. If not, stay away from them. Especially if they don't have a Commission model. Because thats how the Brokers make money: Either by Spread Markup or Commissions.

Fixed Spread + Commission might work good, because Commision is independent from Market Times.

Quoting xtradex
{quote} I didnt claim anything and then couldnt provide any proof. You did that so by definition you are a liar until you prove that what you are saying is true. It is not so hard, your system works so why is it a problem to show it? If you cant, you are just one of the many liars on FF. Besides, you called me lazy first and I have the right to respond. You can laugh as much as you want but that doesnt change the fact that so far you are all talk and no action. I hope nobody takes you seriously. If you can provide prof and its like you say, I will...
Honestly you just need to open MetaTrader, press Ctrl+R to open up the Strategy Tester, select EURUSD from Jan '17 until now, use Daily timeframe and have a look for yourself. You will see that Fr/Mo gaps are closed with a 90%+ probability
@mw108

If its so easy, why doesnt anyone show it in their account? There is not a single person who is claiming that it works that is willing to prove it in their own account. If I am going to present my trading strategy and claim its 100% fail safe, I would show the evidence for it. If I didnt have it, I would have kept my mouth shut.

Its not about me going back and test the strategy, it very well may work. My point was that if you claim something, you better be able to back it up and so far there is nobody who can do that.
Quoting xtradex
@mw108 If its so easy, why doesnt anyone show it in their account? There is not a single person who is claiming that it works that is willing to prove it in their own account. If I am going to present my trading strategy and claim its 100% fail safe, I would show the evidence for it. If I didnt have it, I would have kept my mouth shut. Its not about me going back and test the strategy, it very well may work. My point was that if you claim something, you better be able to back it up and so far there is nobody who can do that.
I think you just shouldn't get hung up too much on that "100% ..." thingy.

It is pretty obvious that gaps are getting closed veeeeery often. Problem in trading them is simply the Spread at that times.
Ok so gaps will close so in theory we can make money. But is it possible in reality with spreads for example ? fxpro have ECN Will thiswork with them as an example ?

Best regards
also, what is the average drawdown before gaps are closed?
Quoting xtradex
@mw108 If its so easy, why doesnt anyone show it in their account? There is not a single person who is claiming that it works that is willing to prove it in their own account. If I am going to present my trading strategy and claim its 100% fail safe, I would show the evidence for it. If I didnt have it, I would have kept my mouth shut. Its not about me going back and test the strategy, it very well may work. My point was that if you claim something, you better be able to back it up and so far there is nobody who can do that.
Hahahahaha!!!!!!
Quoting senjamerah
{quote} Hahahahaha!!!!!!
You are not even able to write a post and you expect anyone to believe you? You can keep lauging but until now you havent produced anything to show what you claim is true. I guess you are laughing at your own stupidity and lies...


@mw108
I know very well there is nothing 100% in FX. All I am interested in is for people who claim this system is so good and profitable to show an account and we can all see how well it really works. Dont you think its odd that everyone claims how good they have it and not 1 person is able to back it up with their account?
Quoting xtradex
{quote} You are not even able to write a post and you expect anyone to believe you? You can keep lauging but until now you havent produced anything to show what you claim is true. I guess you are laughing at your own stupidity and lies... @mw108 I know very well there is nothing 100% in FX. All I am interested in is for people who claim this system is so good and profitable to show an account and we can all see how well it really works. Dont you think its odd that everyone claims how good they have it and not 1 person is able to back it up with...
Hahaha..!!! Xtradex, i know what u are trying to do... So funny bro...
Quoting xtradex
Dont you think its odd that everyone claims how good they have it and not 1 person is able to back it up with their account?
I think the point is that most people trade different opportunities throughout the day and week. To show you the proof you request, like a MyFxbook portfolio or so, requires a person to constantly look for gaps on all available pairs on every Sunday night and have an account only for that purpose. And I doubt anyone is doing that.

But I'm coding an EA right now which is doing that. It already works pretty nicely in backtesting, but I discovered some bugs in forward testing which I want to fix first. Also I had no fixed spread / ECN account at that time. Think next Sunday I'll be smarter and see how it works.
Quoting mw108
{quote} I think the point is that most people trade different opportunities throughout the day and week. To show you the proof you request, like a MyFxbook portfolio or so, requires a person to constantly look for gaps on all available pairs on every Sunday night and have an account only for that purpose. And I doubt anyone is doing that. But I'm coding an EA right now which is doing that. It already works pretty nicely in backtesting, but I discovered some bugs in forward testing which I want to fix first. Also I had no fixed spread / ECN account...
@mw108 - like your effort my fren....apply CSM indi, it will help u a lot,....haha..jz my 2cents..
Tips....
1. Don't fix your TP at the open price, let it flow further..
2. Its not jz about fill the gaps, the open price could be a very good level to put your buy stop/sell stop order...the gap will guide u....remember, it is the open of the weekly candle!!...
3. Observe the W1 and D1 tf closely....find the pair!!!!!
Quoting senjamerah
{quote} @mw108 - like your effort my fren....apply CSM indi, it will help u a lot,....haha..jz my 2cents..
CSM Indicator?
Do you think you might be over complicating it?
Since I needed to move our little $1300 record to an ECN and there was an antagonistic solid move the previous evening we got edge calls. The flag supplier went from 409% pick up to 426% pick up with every single winning position however yet we lost 35% of our record. So I'm pretty mooched about that correct at this point. The main thing I can do now to continue trading is to open a demo record to pull signs to and after that utilization your exchange copier to change over the exchanges to miniaturized scale part sizes for our record which can't stay ECN any more.
0 traders viewing now