If there is a good example of the benefits of using an automated trading system to trade the opening gap, the performance with Dow futures (YM) today is it.

The latest version of mnGapAutotrader, which fades the opening gap is in final beta test at the moment, however its more flexible stop loss management saved the day with index futures today.

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.

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.