mnGapAutoTrader Wins Again

admin | June 18th, 2010 - 3:35 pm

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

Our automated trading system that fades the opening gap had some big wins on Wednesday and also had winning trades yesterday (the 17th).

Today (Friday) there were only small opening gaps in the index futures, which were smaller than the 2 point threshold that we set on the autotrader. The trading system calculated that the risk reward ratio was not sufficiently good and did not make any trades.

We are compiling the latest live trading statistics for publication next week.

Here are the winning trades on ES, YM and NQ which mnGapAutotrader made on Thursday 17th June. Three lots of each market were traded. Note the times – they are UK times (EST + 5).

Interesting Point:

This is a case where our conservative trading strategy did not pay off. If we had kept our targets at the default values (50% gap fill, 100% gap fill and 125% gap fill) we would have made considerably more money in those trades. You win some, you lose some!