Gap Continuation E-mini Nasdaq
Gap Continuation E-mini Nasdaq is a trading system that takes advantage of the gap continuation patterns in the market. Historically, it is a difficult trade to take since it is counter intuitive.
This subscription includes the latest 2023 version which measures the conditions of the Advance Decline line before taking trades. It is a strategy that we started trading in 2019 and have increased our stop loss parameters as volatility in the Nasdaq increases. This strategy currently uses a 100 point stop loss or $2,000 per E-mini Nasdaq contract.
The subscription is a closed code annual subscription and is available in the Tradestation and Multicharts platforms.
Gap Continuation is typically included in one of our portfolios.
Gap Continuation E-mini Nasdaq
Big Stop Loss ($2,000)
Hypothetical Tradestation Performance Summary
$25 Round Turn Slippage and Commission
11/16/2015 – 11/16/2022
Gap Continuation 2023 E-mini Nasdaq
Big Stop Loss ($2,000)
Hypothetical Tradestation Performance Summary
$25 Round Turn Slippage and Commission
11/16/2015 – 11/16/2022
cntrcts – number of shares/contracts to trade
DontTradeIfHoliday – set to True to not trade on holidays
UseMaxDailyEntries – set to True to limit the number of daily entries.
MaxDailyEntries – 1 is the default. Not in effect unless UseMaxDailyEntries is set to True.
UseMaxDailyLosses – set to True to limit the number of losing trades on a closed bar basis. False by default.
MaxDailyLosses – the number of losing trades allowed per day if UseMaxDailyLosses is True.
DailyLossLimit – set to False by default.
DailyLossLimitAmt – the amount of Daily Loss if DailyLossLimit is True.
WeeklyLossLimit – set to False by default.
WeeklyLossLimitAmt – the amount of Weekly Loss if WeeklyLossLimit is True.
MonthlyLossLimit – set to False by default.
MonthlyLossLimitAmt – the amount of Daily Loss if MonthlyLossLimit is True.
UseRangeFilter – True/False input to turn on a Range Filter.
PTS – the average range of the one minute bars.
StartTime – the time of day that long trades can start signaling.
FinishTime – the time of day that long trades stop signaling.
StpLs – set to True to turn on the Stop Loss.
StpLsAmt – the size of the stop loss if StpLs is True.
PrfTg – set to True to turn on the Profit Target.
PrfTgAmt – size of profit target if PrfTg is True.
ExTime – the time of day that trades exit.
ExOnClose – set to True to backtest to make sure all trades exit on close.
The time based inputs are based on EST. These inputs will need to be adjusted for the timezone of your computer based on its difference from EST. For example, if your computer is on CST, then LongStartTime should be 845 instead of 945 since CST is one hour earlier than EST.
The stop loss and profit targets are based on a per contract basis. If the cntrcts increases, the dollar amounts for stop loss or profit target do not need to also increase since the stop loss is calculated on a per contract basis.
