Gap trading Strategy

 Gap trading : -

If the market open at price higher than previous day high it is said to be outside gap up open.

If the day’s first candle 9.15 with gap up open price gives closing above high go for buy trade and vice versa for gap down short trading.

1st trade :- 

https://www.tradingview.com/x/xqptByV1

2nd Trde Same Day : -

https://www.tradingview.com/x/nHv7Q9KR

Buy rule: - 

Search for stocks which opens and closes above previous day high. Mark first 5 min opening range. Wait for a candle to close above first five min opening range. When any candle closes above range buy at closing price.

Sell rule: -

 exactly opposite to buy trade

 

Stop loss do not keep target. Exit 3.20 pm stop loss should be max .9 % of trade price.