EURO50 M1 Overnight
Overnight Trading Set on EURO50 on ActivTrades Broker
Also know as Euro Stoxx 50 or SX5E.
Opens an buy at the end of the day targeting an positive open gap.
All tests were performed with Fixed Lot 0.1 (for sure you can change it according your own risks).
IN SAMPLE 2017.11.01 - 2020.11.01 - Every Tick
OUT OF SAMPLE 2020.11.01 - 2020.12.01
Suggestions for the EA to perform better in this kind of strategy that I cannot find where to configure.
-- After a Gain comes a Loss - if theres a gain filter so it does not trade that day / week / or for the next X days after making its goal of $X (market is cyclical so the gain wont happen so often).
-- Some days of the week are better than others.
-- For running optmization / backtesting its a good idea to ignore march/2020 (crash period for the CFD`s all over the world) so a parameter would be nice.
I also like to compare my overnight strategies to buy and hold. In this case you would have lost 17% (looking at the IS period or -3% in all period).
Instead that you risk $7 (maximum drawdown in 3 years) to make $118 with 0.1 Lot, an expected profit of %5000 (thats how I measure an strategy).