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Opening Gap Trader

FREE

Published: 20 September 2024

Current version: 1.1

Opening Gap Trader

Name: Opening Gap Trader
Rating: 4 (1 reviews)
Author: Simon Reger

Experts
Simon Reger
Simon Reger
Germany

71578
4 (58)
6 products 2 signals 1 topic 1 comment
Version: 1.1

The Opening Gap EA is particularly suitable for trading the gaps at the opening of stock prices. Since stocks generally rise more than they fall, only buy positions are opened. The trade is placed shortly before the end of trading hours and closed the next day immediately after opening. The gap created here is then taken as profit. Good profits were generated in the backtest with NVDA. This EA is a good addition to the EA portfolio.

Advantages of the EA:

No martingale, no grid system
Every trade is secured with SL
You can trade with just a small amount of capital, min. 100.
Tested with NVDA Timeframe M1. However, other assets can also be used.

It is important that you check the trading window in the M1 timeframe to see when the trading time ends. In the settings you can then set this time 1 minute earlier under “Trading Hours”.
Here is an example: https://www.mql5.com/de/market/product/123570#!tab=comments&page=1&comment=54625304

Here is the set file: https://www.mql5.com/de/market/product/123570#!tab=comments&page=1&comment=55953508

more...

2253

Bi Zhou 2024.09.29 15:02 #

this EA is good for those stock which going uptrend, but not good for stock shaking or down trend like TSLA in first half of 2024, and can developer fix lot issue? it seems EA maxim lot is 1.0

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Filter:

2253

Bi Zhou 2024.09.29 15:02 #

this EA is good for those stock which going uptrend, but not good for stock shaking or down trend like TSLA in first half of 2024, and can developer fix lot issue? it seems EA maxim lot is 1.0

71578

Reply from developer Simon Reger 2024.11.20 10:22 #

Hello, in the Settings you can choos if you want Sell or Buy. If there are stocks in downtrend, you can short them.