Overnight Trading with Strategies
Keep it small and tight to win
I have always been interested in keeping money busy. One way to do this is through automated strategies. I monitor all my strategies as they run. The risk with my approach and design is substantial, and much of what I run deserves to be monitored.
A group I subscribe to (DTB Traders) has a weekly game plan designed for members, especially those new to automated trading. The “game plan” typically has three or four well-designed strategies. Additionally, more experienced members share the strategies they might be running.
The weekly game plan has started to include an overnight strategy that caught my interest. It is a conservative strategy to trade MNQ in 2- and 3-lot increments, with the first entry at three and the second at two. It is based on the Baseline Wick Trader strategies from DTB Traders.
The strategy runs from 1:00 AM EST to 8:00 AM, with all trades closed at 8:05 AM. The daily targets are conservative, with a target of $300 and a stop loss of $260.
The results are conservative but excellent for users stepping into the automated strategy arena with unsupervised runs. For most, taking a plunge into strategy trading without monitoring the trades is a significant step.
The daily trading results are below. They aren’t huge, but if you are new to automated trading or, like me, not entirely comfortable running a strategy unsupervised, this is a good place to start.
I can answer any questions you might have about these strategies or results. For more information about these strategies, I recommend visiting the DTB Traders website or their Discord page.