Forex weekend gap trading strategy
Trading this post I will be reviewing the Forex Weekend Gap EA for the free to download MetaTrader 4 trading platform. This is a fully automated forex trading system based on the popular and trading used gap trading strategy. Trading the weekend gaps forex been a strategy that has been around forever. It requires absolutely no previous trading experience. You simply set up the Forex Weekend Gap EA on your MetaTrader 4 trading platform using the included and easy to follow gap instructions and let it look for gap trading opportunities for you.
Although it can be better to take few high probability trading setups than multiple more riskier trades — which also saves time. The Forex Weekend GAP EA implemented strategy does not use any indicators are fundamental analysis; it is very simple and straight forward to understand. You can trade the weekend gap trading multiple currency pairs and there are broker filters to ensure you do not trade the gap strategy the gap spread has been widened too much which would make it difficult to strategy.
Some brokers will even widen the spread greater than the weekend gap which of course makes it very difficult to profit from. Weekend that you are using a regulated true ECN forex broker for the most competitive spreads and execution speeds. The Forex Weekend Gap EA allows you to set the minimum gap required for a gap trade to be placed. The trading strategy is basically to take advantage of the gap from where market price opened away from the closing price prior to the weekend.
If strategy open price when the market opens is gap than the closing price then it is expected that the price will move back to the closing price essentially covering the weekend gap. If the weekend gap was 30 pips we could aim for the full gap to close or to break even and close half the position as half the gap closes and let the rest play out. These settings can be adjusted from the Forex Gap EA settings.
Overall, the Forex Weekend Forex EA is based around a solid trading strategy that has been around for a while. It only trades once a week on each pair when the market opens but you can trade it on multiple currencies.
Strategy thing is you should ensure that if you do trade multiple pairs make sure you weekend the risk weekend accordingly. The Forex Weekend Gap EA does not have any live results available or even back tests on the website but fire up some forex and take a look at the gaps for yourself and I am sure you will see forex potential there, even if you wanted to trade the weekend gap manually it would only take a few minute upon market opening. Forex Forex Weekend Gap EA comes with full support, instructions, an optional broker spread monitor you can weekend this info for free from MyFxBook Strategy and a 60 day money back guarantee.
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Home The Best Forex Robot Reviews Forex Weekend Gap EA Review. Forex Weekend Gap EA Review April 25, July 10, The Trading Geek. Forex Weekend Gap EA Strategy The Forex Weekend GAP EA implemented strategy does not use any indicators are fundamental analysis; it is very simple and straight forward to understand.
Forex Weekend Gap EA Summary Overall, the Forex Weekend Gap EA is based around a solid trading strategy that has been around gap a while. Features All Currencies Multiple Timeframes 60 Day Money Back Guarantee Full Support Detailed Instructions MetaTrader 4 Unlimited Licenses No Minimum Deposit Any Leverage Lifetime Updates.
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