100% fool proof, can't possibly go wrong system | Page 2 | Forex Factory

Options

Go to
Permalinks
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

  • #21
  • Oct 9, 2017 5:03pm Oct 9, 2017 5:03pm
Quoting billbss
I just did a manual back test for the past year on AUD/USD and USD/CAD I ignored gaps of <10 pips. I used a 50 pip SL. Oanda platform. I do not know if Oanda widens the spread at the Sunday open. I'll have to wait until next Sunday to find out. AUD/USD 15 trades 15 W +253 pips 0 L +253 pips net. USD/CAD 23 trades 20 W +416 pips 3 L -150 pips +266 pips net
You don't have to wait until Sunday OANDA does widen the spred at Sunday open .... no liquidity

https://www.oanda.com/forex-trading/markets/recent
  • #22
  • Oct 9, 2017 5:48pm Oct 9, 2017 5:48pm
Quoting gilab
If anyone is interested, the Casino dashboard has a built-in gap trading strategy for the Sunday open.
Yeah I would be interested, whats the link?
  • #23
  • Oct 9, 2017 7:45pm Oct 9, 2017 7:45pm
Quoting Sovereign1
{quote} Yeah I would be interested, whats the link?

Just go to the Trading Systems forum and you will see a system called Casino EA.
  • #24
  • Oct 9, 2017 8:41pm Oct 9, 2017 8:41pm
Anyone using Oanda for this?
  • #25
  • Oct 9, 2017 9:11pm Oct 9, 2017 9:11pm
Indices and currencies gap daily on the close and open, some more than others.........take a look at the Dax 30 for e.g......huge gaps
  • #26
  • Oct 10, 2017 3:39am Oct 10, 2017 3:39am
I like the look of this thanks for sharing
  • #27
  • Oct 11, 2017 3:57am Oct 11, 2017 3:57am
This is a strategy I have tried in the past, with mixed results. What discouraged me was the issue of spreads. With my broker the spreads are way too high at this time, even after 15 minutes. By the time they stabilize, after 30/ 45 minutes, the equation is different. That is why I gave it up.

Like you said a fixed spreads broker would be the way to go.
  • #28
  • Oct 11, 2017 9:18am Oct 11, 2017 9:18am
I didnt go test the strategy but if it was really that easy, everyone would be doing it. Its just too generic and I doubt it is true what some of posters are saying. Show some proof or this thread is a waste of time. Anyone can claim anything but if there is no proof, it doesnt exist...
  • #29
  • Oct 12, 2017 8:01am Oct 12, 2017 8:01am
50pips stoploss may be hit in the process of waiting till Friday to take profit
  • #30
  • Oct 12, 2017 11:25am Oct 12, 2017 11:25am
I use this strategy for a few years....and it works perfectly...for those who want proof or statistic, why dont u look at weekly chart and observe the close of the candle and the open of the next candle.....among all pairs there is only one pair that fill the gap consistently within a week....do your homework and u will see the light,..
  • #31
  • Oct 12, 2017 4:49pm Oct 12, 2017 4:49pm
Its funny how there are always people, who claim they found a system that works perfectly. When you ask for proof, they find some lame excuse why they dont want to post it. It happens every time...
  • #32
  • Oct 12, 2017 8:23pm Oct 12, 2017 8:23pm
Quoting xtradex
Its funny how there are always people, who claim they found a system that works perfectly. When you ask for proof, they find some lame excuse why they dont want to post it. It happens every time...
lol....u are so funny....and lazy too....
  • #33
  • Oct 13, 2017 8:14am Oct 13, 2017 8:14am
Quoting senjamerah
I use this strategy for a few years....and it works perfectly...for those who want proof or statistic, why dont u look at weekly chart and observe the close of the candle and the open of the next candle.....among all pairs there is only one pair that fill the gap consistently within a week....do your homework and u will see the light,..
Pls what is your stoploss? What gap range do you trade? Which pair? Help pls
  • #34
  • Oct 13, 2017 8:19am Oct 13, 2017 8:19am
Quoting menek
{quote} Pls what is your stoploss? What gap range do you trade? Which pair? Help pls
PM
  • #35
  • Oct 13, 2017 8:33am Oct 13, 2017 8:33am
You dont know anything about me so you cant call me lazy. I am not claiming something and cant provide any proof of it what so ever. Until you can do that, I can call you a liar because you claim something that you can not or will not back up.

Besides, if the strategy is really that good and effective, why are you on Rookie talk and not on a beach enjoying the warm water and drinks? I mean after all, you only trade the gap which means you should only work a few minutes a week and yet you spend your time on FF during the week. Something doesnt add up here LOL...

So prove your strategy by posting your TE or stop lying to people.

Peace mate
  • #36
  • Oct 14, 2017 5:27am Oct 14, 2017 5:27am
hi,
I just went quickly through E/U. Most gaps are closed. some only nearly (on 2. Oct -1pip!). And some not at all. What am I doing with those?
I guess my TP is at Friday closing minus spread? Where do you set a SL?
Thanks for your advice.
  • #37
  • Oct 15, 2017 9:56am Oct 15, 2017 9:56am
Quoting Cjn
Moved to Rookie talk. LOL. Check my bio and take advantage. But please do yourself a favour and backtest this. No repainting, no BS. The only thing you have to do is make sure you have a broker with fixed spreads.

So what broker for fixed spread is reliable ?

Thank You.

Best regards
  • #38
  • Oct 15, 2017 11:36am Oct 15, 2017 11:36am
Quoting xtradex
You dont know anything about me so you cant call me lazy. I am not claiming something and cant provide any proof of it what so ever. Until you can do that, I can call you a liar because you claim something that you can not or will not back up. Besides, if the strategy is really that good and effective, why are you on Rookie talk and not on a beach enjoying the warm water and drinks? I mean after all, you only trade the gap which means you should only work a few minutes a week and yet you spend your time on FF during the week. Something doesnt add...
...bravo! u can called me a liar, cheater or what so ever! up to u bro...
  • #39
  • Oct 15, 2017 1:04pm Oct 15, 2017 1:04pm
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 file
Attached File(s)
File Type: xlsx Gap Trading.xlsx   21 KB | 381 downloads
  • #40
  • Oct 15, 2017 4:04pm Oct 15, 2017 4:04pm
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:

Attached Image
0 traders viewing now