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Night Trader E-mini S&P

An automated trading strategy for the Tradestation, NinjaTrader, and MultiCharts platforms, that takes advantage of the tendency for smooth night time trends on the long side. This strategy provides diversity to day trading since there are many days where the market will chop intra-day or move down and the long trades that exited at the end of the day may have done really well if held overnight.

The day trade session can be seen as a "traffic jam". Margins are lower and liquidity is higher. At night, the "road clears" and the trends can be smoother. Initial entries for this strategy are taken during the evening session and can hold positions for several days.

This strategy can work on all stock indexes but has the smoothest equity curve on the E-mini S&P and E-mini Dow. This strategy was developed in mid 2018 based on this observable pattern since 2016.  


NinjaTrader 8 Market Replay

We run the NinjaTrader 8 Market Replay at MAX and we speed up the video during time periods when there are no trades to see the last 3 market replay trades of E-mini S&P NightTrader for trades through 4/1/2019.

You can also see the output indicator at the bottom, plotting the Daily P/L. it updates on a bar by bar basis and is green when the results are positive and red when the results are negative. The result for each day can also be written to a text file.

NinjaTrader 8's market replay is one of my favorite features in NinjaTrader as it lets you go back and test your code for dynamic data versus static backtests and also gives you a better feel for how the market moves during the day. You can miss many details when only scanning static data.


Trades on April 1, 2019

April Fool's Day trading is very bullish as the equity markets continue in a pattern of low VIX, gap up, followed by narrow ranges intraday. ES Night Trader is the best way to capture these market moves when this pattern persists. The long trade held from Friday exceeded its profit target and exited at the open Sunday night on a big gap up. The strategy re-entered again during the overnight session on Monday to capture further moves on Monday's trade.

The market appears to be short term overbought but as we know from the last 10 years, when the Fed gives Wall Street what it wants, it can remain overbought for a long time. This strategy provides diversity by getting into the market at night to capture the "smoother" trends that we see during low volatility bull markets.



E-mini S&P NightTrader
Hypothetical Performance Summary
No Slippage or Commission

E-mini Dow NightTrader
Hypothetical Performance Summary
No Slippage or Commission