This article presents a trending algorithmic trading strategy focusing on market gaps and opening range behavior, driven by current volatility. It combines gap detection, opening range analysis, and reaction logic for gap fill or breakout trades, providing a Pine Script implementation.
This strategy identifies an equilibrium zone using a rolling average price and ATR bands, generating trade signals when price moves into this zone but fails to hold, indicating a rejection. It incorporates adaptive ATR-based stop-loss for risk management.
This content outlines the top mistakes beginner Forex traders make, including trading without a clear strategy and ignoring risk management. It provides actionable advice on how to avoid these pitfalls by developing a structured trading plan and implementing robust risk management techniques.