Market activity has not been too kind to the opening gap trade over the last few days, however the mnGapAutotrader, which fades the opening gap on index futures, performed very well today – making $775 profit and putting it firmly in the green this month.

There was a very large opening gap for all the index futures yesterday and I predicted that it was unlikely to fill. It just goes to show that you cannot second guess the opening gap trade, as the gap did almost fill on the S&P 500 futures after all.

Today was always going to be difficult for the opening gap trade and it was inevitable that mnGapAutotrader would be stopped out with all the major index futures.

This post will be updated regularly with the trading results achieved in July 2010 by our mnGapAutotrader, which automatically trades the opening gap.

Although we advocate not second guessing the market when trading the opening gap, as even large gaps can be unexpectedly closed, today did not look promising for two major reasons.

The good opening gap trade by our automated trading system today has concluded a good week for mnGpAutotrader.

Our automated trading strategy, which fades the opening gap, made $103 in four minutes just now as the small opening gap on the Dow Futures (YM) rapidly closed.

This post will be updated regularly with the trading results achieved in June 2010 by our mnGapAutotrader, which automatically trades the opening gap.

It was an interesting day to trade the opening gaps on the index futures with our mnGapAutotrader automated trading system.

It looks like this week is shaping up well for opening gap fills on the index futures. mnGapAutotrader has traded very successfully week.