This is new signal trading module to automatic trade market gaps.
Gaps it’s empty space between bars when the pips distance is bigger the gap is stronger as pattern.
In forex market gaps usually appears on week open so the pips size will calculating from friday’s close price to monday’s market open price(in some timezones week start from sunday evening)
Reason behing of the gaps is high volatility in weekends and holidays (banks activity, elections, red news, disasters, alians can be the cause etc)
In price action there’s the rule – strong gaps is always filling, it means the price should cross the space between bars. It happens in most cases but not always – if a gap don’t closed – this gap is weak – it’s simple 8)
That’s all what you need to know about gaps, it’s quite simple trading method,
Let’s check the module settings:
Time frame – you can choose any timeframe, so you can trade on daily chart by classic gaps strategy, or you can trade on lower timeframe and set the settings to D1 in the case the gap would be as a filter for other trading modules – for example, trade gap day by heiken ashi module to avoid false gap pattern.
You can set min pips value to gap validation
Also your take profit can automaticaly be placed to end the gap
This module also can be used as gap filter for any trading strategy to avoid gaps days
And you can set alerts via sms or email about gaps forming
An example of gaps autotrading:
fxULTIMATE opened sell order and set take profit to end of the gap, stop loss was on the big candle with nice volume.
And market had respect the pattern.
Simply, effective trading with not much analisis and charting time. The main difficult is in most time zones it happens at night so automation is perfect way to trade like that.