The Gap Fill Master Trading System is a day trade strategy for the E-mini S&P. It is one of the top strategies in our Market Portfolios and historically has a high win rate of 7 out of 10 trades since the profit target is closer to the entry price than the stop loss. This strategy was developed to take advantage of the breakaway gaps in the stock index futures.
This strategy trades on one minute charts and will trade only after the first minute if the conditions are there. If it doesn't trade after the first minute then it won't take a trade on the day. It uses a $200 profit target and $500 stop loss.
This strategy is an update of Gap Fill One from "Seven Trading Systems for the S&P Futures" and now uses the $ADVANCE DECLINE line to determine the best trading conditions.
This strategy is in the Members Area of Seven Trading Systems for the S&P Futures as an add-on to the book. In the Members Area, the open code is included.
It trades on one minute bars and is developed for Tradestation, MultiCharts, and NinjaTrader.