I present this expert advisor that catches the gaps, it is simple and it contains some comments. Tried in the strategy tester to find the results by yourself. I have tried it on most of the currencies and I have found it effective only on EURUSD, GBPUSD, USDCHF and AUDNZD with profit and no losses at all.
The program takes in to account the spread of the currencey into account in taking the profit. The program works or the idea the programs work one, is that the expert compares the open price of the new bar with the maximum or the minimum price of the previous bar, if there is a gap, directly it will send and order and a take profit.
In general, I do not believe in stop loss, but you can easily add it in the program. I hope that you will like the program. For me I am using it, and still looking for other effective strategy to program it and get profits.
See you....
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Had the same idea myself, but has not gotten to it yet. Have you made modifications since then Samirmta?
Hi samir,
I've tried your gap catching EA, and I must say I'm impressed by the results.
I have some comments on the fact that most of the winning trades (and the biggest) are generated by the Week-end period as the transmission stops BUT
Can we consider this gap as a real market reaction or only the consequence of the transmission stop that our computer analyse as a gap (I mean that this range of price has been covered by the real market) ?
Nevertheless it works...
You posted this message in 2007 ; did you upgrade your EA with any security system - you mention that you do not believe in stop loss...
I would like to try your EA in real market condition but I would prefer to discuss with you before to optimise this try, and limit the risks.
Thank you
Lionel
Direct mail :
lionel.houba@wanadoo.fr
Nice EA, but I think it needs some development, and some search about the gaps thing, some statistics, like when they occur, how long they will take until they close?????
This period I am too busy, but after June I will start to upgrade this expert,
because I am planning to use it with VPS (Versual Servers). Waiting for your comments.
......
I will post the new expert as soon as it will be available.
I also invite all the users who pass by to download this expert to post their comments,
so I can add them to the new updated one, and finally post it in this forum to
share it with you,,,,
Interesting idea. What time frame do you run it on? How often does it trade in
a week?
Thanks
You can run it on M5 or M15 timeframes, still I am trying to find time to make
a full information for this expert and study the gaps more to post the results
here.
The number of trades in a week, actually it depends on the gaps, as you may see
that some weeks there is not gaps at all, and some weeks there are more than one
gaps happens. so it depends of the gap frequency.........
matalon wrote:
hi samir
i,m doing it as well cacthing the gaps on the eurusby ,any gap which is 1 and up
low[1]>high[2] and going to the other way.with some filters :
1.volume, size of bar[1] if it's more then ~8 it's a news or big move.
2.range of trading :in order not to buy in the high point of the day/days, buy
order has its limit point which is the highest point less ~20% same for sell.
3.tp not larger then 12.
4.no ts,sl need to find out the ratio of lot size and account size.
5.in order to make $ the ea has to buy/sell all the time.
and here is my problem on a back testing i'm making $ with 35% drowback which is
fine but on a live account after the first order at the next one all the max order
is done.
if you have any idea about it let me know.
david
Internesting, actually as i have said before in my comments, I am planning to make
version two of this expert advisor but when I get some free time to do that. Thank
you for the points to consider and still I have other points to consider as well.
About your problem, can you post the file (The expert advisor), and can you give
more details about your problem,,,,,, and I will try my best to help you.
In general, I use my posted expert advisor when I am online, so if there is a gap,
what ever it is small, the expert will catch it by God willing of course. But as
known the frequency of gaps to happen is small, so this expert advisor is good
for the big capital account.
hi samir
i,m doing it as well cacthing the gaps on the eurusby ,any gap which is 1 and up
low[1]>high[2] and going to the other way.with some filters :
1.volume, size of bar[1] if it's more then ~8 it's a news or big move.
2.range of trading :in order not to buy in the high point of the day/days, buy
order has its limit point which is the highest point less ~20% same for sell.
3.tp not larger then 12.
4.no ts,sl need to find out the ratio of lot size and account size.
5.in order to make $ the ea has to buy/sell all the time.
and here is my problem on a back testing i'm making $ with 35% drowback which is
fine but on a live account after the first order at the next one all the max order
is done.
if you have any idea about it let me know.
david
Expert Advisors 
