Signal library · Breakouts
Gap down and go
The session opened at least 1.5% below yesterday's close and price breaks below the 15-minute opening range low.
- What it is for
- Ride strong opening gaps down.
- Rule
- Sell short on 5m bars when (g gap_pct below -1.5) and (close crosses below or low) and (or ready above 0) and (or minutes below 120). Stop: 1.5 × ATR(14) from the entry. Target: 2 × the risk (stop distance). Exit after 36 bars at the latest.
- Side
- ▼ Short (sell / exit)
- Timeframes
- 5m
- Runs on
- Your watchlist, your holdings and the market scanner
Out of sample · after fees and slippage
Verified record
| Market | Timeframe | Status | Trades | Expectancy / trade | Hit rate | Max drawdown |
|---|---|---|---|---|---|---|
| United States | 5m | information only | — | — | — | — |
| India | 5m | information only | — | — | — | — |
| United Kingdom | 5m | information only | — | — | — | — |
| Europe | 5m | information only | — | — | — | — |
Backtested on past data after estimated fees and slippage, out of sample. Past results do not predict future results. Signals are market information, not advice.
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