Trading Weekend Gaps

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

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