Trading the MT4 Forex Weekend Gap trade

The Forex weekend gap

Market Behavior Forex

As you know Expert4x currently focusing on Market Behavior Price action Forex trading methods. These trade often do not require technical analysis or fundamental analysis. You would just enter immediately once the Market behavior has been identified. This is what makes these trades so attractive to many Forex Traders. Even complete beginners can do these trades.

The Mother of all Market Behavior trades

The Mother of ALL Market behavior trades (we traded them for over 12 years) is the well-known WEEK END GAP trade. Measured market behavior proves that a very high percentage of weekend gaps close after they happen. If fact dedicated traders keep such good records of this what they can tell you exactly that there is a 83.4% chance that a certain currency will close any market gap within 24 hours. So this also falls into the classification of statistical Forex trades when you are Trading the MT4 Forex Weekend Gap trade.

This trade has been mentioned in a number of our courses and we have religiously been trading it Monday after Monday. Why not?, with those type of odds. You would be crazy to miss this opportunity.

What is a Weekend gap?

So what is a weekend gap? Your broker closes trading over a weekend and opens trading on a Monday morning. There is often a Gap between the closing price on the Friday evening and the opening price on a Monday morning.

How does it happen?

Why is this? The Forex Market does not sleep is active 24 x 7. Banks in certain countries are open on Saturdays and Sundays. Economic and political events happen over week ends such as the Greek crisis.

How to trade the weekend gap?

How this trades works is very simple. It is so simple that this is in fact the course of how to trade this trade.

Enter a trade back to the Friday close price on a Monday morning. It can easily be done manually. Manual trading becomes complicated when there are many currencies involved and the Brokers Monday morning is in the middle of the night for some people and spreads are not stable.

Recent example

The EURUSD made a nice 162 gap which was soon closed during the Greek Crisis. These gap occur regularly in varying sizes

Trading the MT4 Forex Weekend Gap trade

Trading the MT4 Forex Weekend Gap trade

Tricky part of the trade

Most Brokers widen their spreads during the weekend. On a Monday morning these spreads remain high until the broker opens operationally. So entering is not that simple and needs to be monitored continuously so that you are not exposed to these high spreads.

Automating the trade

So if you are wanting to trade this trade using a number of currencies at the right time on a Monday it is best to automate the trade – especially the spread monitoring side.

Here are some of the results achieved by using a Weekend straddle EA for some selected currencies. Note the low $ draw-downs compared to gains and the nice success rates

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Interested in a copy of our EA

If you are interested in getting a copy of our Week end Gap EA please register your interest in our Forum in the Weekend Straddle Forum. Please note that there is a big difference between using an EA for personal use and making it available commercially to be used on any broker and any MT4 platform in any timezone. If there is enough interest this EA, it will only be available in 2 to 3 weeks. If there is not enough interest we don’t mind to continue using it for ourselves.  Please register your interest in the Forum:-

 http://www.moneymakingforextools.com/forum/

Remember you can do these trades manually and it might not take that long on a Monday morning

More Info:   http://expert-4x.com/forex-weekend-gap-trading-strategy-and-candlestick-system/

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