DAX NightTrader Trading System
DAX NightTrader is an automated trading system that trades the DAX futures starting at 2 am NY Time. The regular trading hours for the DAX are from 2 am – 4 pm EST. This strategy is ideal for those who want to day trade the European markets. This strategy will take a maximum of one trade per day and uses a 1500 Euro Stop Loss. There are two versions of the strategy with a Version input to change between each. Version 1 has a low drawdown but also a low average profit per trade while Version 2 has a higher average profit per trade but also a higher drawdown. This strategy also uses the Surge Exit and trades on one minute charts.
DAX NightTrader Trading in April 2012