Posted by 2schnauzers on 28th of Dec 2020 at 11:01 am
I actually have been trading a system for the last 3 years that
does this using ES futures. The results are impressive. You can
mitigate the drawdown using judicious stop select. It is seems very
counterintuitive but works.
It's probably the stops that are key. I found that most
everything I made was given back with periodic drops overnight at
times. Will try that. Thanks.
nice Job and taking advantage of that. anyway just nuts how
that's played out, and really it's nothing new. Remember some of
the old graphs I posted on the original SPY system, part of the
reason I had those trades exiting on the next day's open instead of
the close was statistically to take advantage of the overnight
session/morning gaps. I did a search and found those old images I
posted back in 2013, here you go, first images hows results if you
bought every day at the close and sold the next morning on the
open. The second image shows the results if you bought SPY on the
open and sold at the close, LOL it's not even close
I actually have been trading
it's all about the after hrs baby
Posted by 2schnauzers on 28th of Dec 2020 at 11:01 am
I actually have been trading a system for the last 3 years that does this using ES futures. The results are impressive. You can mitigate the drawdown using judicious stop select. It is seems very counterintuitive but works.
It's probably the stops that
Posted by brophy on 28th of Dec 2020 at 11:10 am
It's probably the stops that are key. I found that most everything I made was given back with periodic drops overnight at times. Will try that. Thanks.
nice Job and taking advantage
Posted by matt on 28th of Dec 2020 at 11:09 am
nice Job and taking advantage of that. anyway just nuts how that's played out, and really it's nothing new. Remember some of the old graphs I posted on the original SPY system, part of the reason I had those trades exiting on the next day's open instead of the close was statistically to take advantage of the overnight session/morning gaps. I did a search and found those old images I posted back in 2013, here you go, first images hows results if you bought every day at the close and sold the next morning on the open. The second image shows the results if you bought SPY on the open and sold at the close, LOL it's not even close
Pretty amazing.
Posted by brophy on 28th of Dec 2020 at 11:16 am
Pretty amazing.