gap fill strategy
gap fill algo strategy — algo that trades gaps back toward the previous session close with fully customizable settings (entry, exit, day of week, risk parameters, etc).
information
gap fill strategy|edgeful.com
what it does
this strategy detects gap ups and gap downs at market open and enters positions to fade the gap (short gap ups, long gap downs). entry is triggered when price opens with a gap from the previous session's close, with targets based on percentage of gap fill.
stop loss is calculated using risk-to-reward ratio relative to the target, and position sizing is based on maximum dollar risk per trade. all parameters can be customized for each day of the week, allowing optimization for different daily patterns.
key features
automatic gap detection at session open
gap fade entries (short gap ups, long gap downs)
day-of-week specific parameter settings
gap size percentage filters (min/max)
dollar-based risk management with position sizing
explainer chart
gap fill strategy|edgeful.com
