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EA fades the gap between the friday close and the sunday open, If the gap meets user defined requirements. It will two entry modes.
- Enters at market as soon as the the market opens
- A grid system places a number of limit orders, with the first one a user defined distance away from the sunday open.
Long Entry
Friday close is > than sunday open
Short Entry
Friday close is < than sunday open
The profit target is the friday close
User Variables
- Min Gap distance (points) - This is the minimum distance between the Friday close and the Sunday open.
- Max gap distance (points) - This is the maximum distance between the Friday close and the Sunday open.
3. Entry Mode (Open/Grid) - If Open is chosen, EA enters at market on the open at sunday. If Grid is chosen, EA places a limit order grid a certain number of points away from the open.
4. Grid number - This is the number of orders to place, when grid is chosen as the entry mode.
5. Grid distance (points) - This is the distance between each order.
6. Grid offset (points) - This is the number of points from the open price to set the first limit order
7. Stop (points) - If open is selected in entry mode, number of points from open price. If grid is chosen then it is the number of points from the last limit order.
8. Lot - Number of lots to trade
9. Max Spread - This the Maximum spread a pair can have.
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