GAP Plays on the new Interbank FX Feed

Nicholishen · #1 (**permalink**) 02-06-2006, 05:46 PM

Please see What's Going on at Interbank FX for a description of the new interbank fx feed.

I am seeing 5+ pip intraday gapping on the new interbank fx feed on the M1 chart. I am noticing that almost everytime you can use a gap play to scalp a little bit on the retrace. Is anyone interested in working with me to setup an EA to take advantage of this?

REGARDS

Nicholishen · #2 (**permalink**) 02-06-2006, 05:54 PM

So far +17 pips trading manually on live account in the last hour and fifteen minutes using gaps...

mookfx · #3 (**permalink**) 02-06-2006, 08:03 PM

This sounds interesting. I'm not sitting at Metatrader right now. Can you post an image and explain what you are doing for entry and exit?

Nicholishen · #4 (**permalink**) 02-06-2006, 08:31 PM

I was thinking take an 8 pip stop with a ~3pipTS entry on gaps exits on stops. Any other ideas?

BTW i noticed that interbank switched back to their original feed. I spoke to Ryan Best (CEO of Trading Intl.) and he tells me it's possible that they were doing a test run for the new liquidity provider.

pip-gandalf · #5 (**permalink**) 04-16-2006, 01:03 PM

Quote:

Originally Posted by Nicholishen

I was thinking take an 8 pip stop with a ~3pipTS entry on gaps exits on stops. Any other ideas?

BTW i noticed that interbank switched back to their original feed. I spoke to Ryan Best (CEO of Trading Intl.) and he tells me it's possible that they were doing a test run for the new liquidity provider.

just set the rules for the gap entry and triling stop needed, and i will program an ea for u.