Gap and Trail Light
Effective trading on a live account. The effect of closing the price gap (gap) is used. Trailing stop of open positions reduces risk. Minimum deposit of $ 10.
Limitations of the light version: there is no money management, trading is performed with a minimum lot for any deposit, spread analysis is not available, messages about the performance of each position opening criterion are not displayed in the log.
Features of the trading strategy
After weekends or holidays, gaps often appear on the market (gaps in price charts). According to statistics, most gaps closes (the price returns to the beginning of the gap). The trading strategy implemented by this robot is based on this regularity. At the time of the gap, the robot opens the position in the direction of the gap closure. For each transaction, individual goals are calculated depending on the characteristics of the market. Open positions are accompanied by a robot. In the process of price movement, a trailing stop is performed. It is performed on the extremes of the formed candles, which significantly reduces trade risks.
The robot has all the protections that allow it to work successfully in adverse conditions on a real account.
On major currency pairs, gaps occur relatively rarely, usually after weekends or holidays. Therefore, the robot opens transactions infrequently (2-4 per month). However, transactions are very accurate, most of them are closed by take profit. In the full version, transactions are opened with an increased volume, ensuring a given high trading efficiency.
Testing was conducted on the quotes of the Standard’s real account of the Alpari broker and showed the stability of the robot’s operation over long periods (3-5 years). When testing the full version for the period 2017 - 2018 with a starting deposit of $ 100, the following results were obtained (rounded): on EURUSD $ 30000; on GBPJPY $ 360000 and on GBPUSD $ 138000. The results of the light version are much more modest, but they allow you to understand the logic of the robot. The results in comparison of the light version and the full version are shown in the screenshots.
- Magic number - magic number for orders;
- Language - robot message language (Eng / Rus);
- Trading days - allowed trading days (Only monday / All days);
- Size of the gap - the minimum size of the gap, which is allowed to open trades, points;
- Coefficient of the take profit - gap share used for profit (0.2-1.0);
- Stop loss - initial stop loss, points.
Recommendations for useThe robot can be used to trade on any accounts. But it is preferable to use accounts with 5-digit quotes, low spread and high speed. Account leverage is preferably at least 1: 500.
Good results are obtained if the broker provides a fixed spread of no more than 10-30 points.
Optimization over time is usually not needed. However, when switching to other brokers, especially with an increase in the spread, optimization may be necessary.
The existing set files will be posted on the Comments page.
If you have questions, write me a private message. I am pleased to help on any issue.
In case of problems with setting up my robots, always ready to help with TeamViewer.