Monday August 1st Weekend FX gaps, page-8

I like option 1, if it doesn't close within 5 trading days just close. I like to keep things simple

Would like to know though what the average loss is at 5 days if the gap has not closed. Also another thing to ponder is maybe only doing these trades when there isn't sentiment shifting data. I think the ideal trade is when there is a gap just based on low liquidity and the market just reverts to the mean, ideally in the same day. When there is a big change in sentiment like say China data over the weekend I don't think its worth being on the wrong side for too long