Trading Weekend Gaps
1 replies
Nufty
10 years ago #111279
I like to trade these manually – but hate getting up early to do it
So I thought my first EA I try to code here will be this
And I failed at the starting gate!!
🙂
The strategy is simple
Have the EA check the value of Close on Friday night – check the value of the Open on Monday morning. Subtract the Market Close from Market Open
If there is a negative difference – take a SHORT with a TP of the difference between the values and if positive a LONG with a TP of the difference
SL a fixed amount
I cant see how I calculate the difference of specific bars.
Any assistance is appreciated
Cheers
N
Mark Fric
10 years ago #121932
Hi,
it is relatively simple, you can use function Subtraction to find difference of Monday open and previous close.
I made a simple version of this strategy, I’m attaching it here.
Mark
Mark
StrategyQuant architect
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