Automated Opening Gap Strategy – Dow eMini futures (YM) perform well this week

mnGapAutotrader, our automated trading system that fades the opening gap has done particularly well trading the Dow eMini futures this week.

We normally use mnGapAutotrader to trade Nasdaq futures (NQ) using our own money, but looking at the performance of the Dow futures gap trades shows YM to be an excellent instrument to trade as well.

Today, for example, the gaps in ES and NQ were too small for the mnGapAutotrader system to initiate trades – the risk reward ratio was too low, so the system automatically avoided entering a position.

However the gap size for Dow futures was big enough to create a risk reward ratio greater than 1 so the system entered long positions to fade the gap down.

As you can see in the chart below, all three profit targets were hit making a very successful trade today.

Click to enlarge

The Dow eMini gap trade was also very successful on Tuesday this week using mnGapAutotrader, as you can see by clicking the thumbnail image below.

Click to enlarge.

By the way, the times on the all our charts are UK times (EST plus 5 hours).