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Sunday Open Strategy
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[QUOTE="Enivid, post: 85763, member: 1"] Interesting idea, but let's get to the details. First, I assume you suggest opening a trade on Sunday opening, not on Friday close, so this is not a [URL="https://www.earnforex.com/forex-strategy/forex-gap-strategy"]gap trading strategy[/URL], right? Second, 0.1 pip stop-loss is not possible, but a stop-loss of about 5-10 pips is possible unless the broker is not increasing its STOPS_LEVEL during early Monday session, which they often do. Sorry, but this does not make sense at all. If you are risking 1% of your account, what does it matter which leverage do you use? However, I understand your point that one can trade with bigger positions with such a tight stop-loss here. The right thing to do is to perform some automatic backtests of this strategy, or at least a study of those first Sunday bars' price action. Did you do it? Yes, there are brokers without spreads - I [URL="https://www.earnforex.com/forum/f10/your-favorite-broker-why-17272/index2.html#post85689"]posted a list[/URL] recently. Other problems include: slippage, STOPS_LEVEL, lack of execution (some brokers may feed prices, but forbid trading). [/QUOTE]
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