Previous research has indicated that opening gaps on index futures have a poor chance of filling on the first of the month. Our live trading results supports this view.

Yesterdays automated trade of the opening gap with Crude Oil futures was pretty eventful as you can see in this blog post.

July has been a very profitable month for mnGapAutotrader, our automated trading system that fades the opening gap.

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.

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.

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