Gap Up Trader

One of the strategies in our automated futures trading system is a gap up trader. Below is the equity curve for this strategy for June E-mini S&P futures:

This is an unusual equity curve, as there have been no losses since the June futures became actively traded. After today's gain, it now has had 19 winning trades in a row during this strong rally period.

This strategy went long again at Thursday's close and will exit during the first hour Friday (or up to an hour before the open). If it exits above today's close, it will be the 20th winning trade in a row.

One could say it's overdue for a loss, and with the employment report due out before the open, this could be the first one. In any case, we thought some might be interested to know that this indicator is looking for higher trading early tomorrow.