Comments on: Overnight Short Trading Strategy

By: MARCO SIMIONI

MARCO SIMIONI — Mon, 13 Jan 2020 16:11:45 +0000

Great post Oddmund, the overnight edge is generally bullish. I think if you backtest the opposite rules on the long side, you would get far stronger results. Anyway I also trade many bearish patterns like this one. And David, yes you are right, it not enough trading it alone, but if you exploit other patterns, this pattern is a good tool for trading the overnight session, like I do at

By: Oddmund Grotte

Oddmund Grotte — Wed, 01 May 2019 17:14:54 +0000

In reply to David. Thanks, I'm not trading it either :) Short is always difficult.

By: Luca

Luca — Wed, 01 May 2019 17:09:18 +0000

In reply to Luca. Obviously 80$ are not enough for the es-future.

By: Luca

Luca — Wed, 01 May 2019 17:07:40 +0000

In reply to Oddmund Grotte. Yes, for my dataset the average win value doubles (80€ without any fees, 95 trades, k-ratio 0.1365), the equity line is very linear and ascending, but I have data only from June 2012.

By: David

David — Wed, 01 May 2019 17:05:23 +0000

In reply to Oddmund Grotte. I'm showing $106,008 01JAN2001 to 30APR2019 4 days up and adx(4)>40. Wouldn't trade either for the world given the low return, but it is enjoyable reading your posts!

By: Oddmund Grotte

Oddmund Grotte — Wed, 01 May 2019 13:31:32 +0000

In reply to Luca. You mean the only criteria should be up four days in a row and adx(4)>40? That is worse in my tests and more erratic.

By: Luca

Luca — Wed, 01 May 2019 08:19:06 +0000

Hi Odd, I read your articles with great interest. I implemented your last strategy on ES future from June 2012 to today. I observed that RSI and ADX are almost equivalent to each other. I tried not to use alternatively one of them and introduced another param as the periods of RSI/ADX. The best results were not to use RSI, but only:
Higher closes in a row = 4 (not 3 as in the article)
ADX periods = 4 level = 40
How do they perform on your data?