Algos – No nightfees – All vendors

• 02/10/2025 at 10:29 AM #243672
  ProfitAlgos

  There have been several discussions about the overnight fees charged by IG.

  This thread is intended for monthly publishing of results from algorithms that close every evening and are therefore not affected by these fees. The idea is for all algorithm providers to share their results here.

  We have one algorithm that closes every evening. The results for this will be published in the next post.

  

  ProfitAlgos

  Participant

  Topics: 28

  Replies: 184

  Been thanked: 12 times
  02/10/2025 at 10:47 AM #243674
  ProfitAlgos

  🚀 PA – DAX 10M Flat – Smart Trading, Zero Overnight Fees! 🚀

  Maximize your trading efficiency with PA – DAX 10M Flat, designed to capture opportunities on the DAX40 while avoiding overnight fees.

  🔹 Key Features:

  ✅ Timeframe: 10 Min
  ✅ Strategic Stop-Loss & Take-Profit for precision execution
  ✅ Flat Before & After Market Close – No overnight exposure
  ✅ Proven Performance: +2,817 EUR Gain

  🔥 Part of ProfitPack – Try it for FREE!
  🔗 Get your free trial here

  

  ProfitAlgos

  Participant

  Topics: 28

  Replies: 184

  Been thanked: 12 times
  02/12/2025 at 8:30 PM #243754
  Anjuna Marine

  It’s an interesting approach to avoid overnight fees, especially when we have uncertainty about how the system is going to perform. How has this system performed over the longer term? Do you have any data for the past 5 or 10 years?

  

  Anjuna Marine

  Participant

  Topics: 3

  Replies: 10

  Been thanked: 13 times
  02/13/2025 at 12:17 PM #243774
  ProfitAlgos

  Anjuna Marine wrote:

  It’s an interesting approach to avoid overnight fees, especially when we have uncertainty about how the system is going to perform. How has this system performed over the longer term? Do you have any data for the past 5 or 10 years?

  Hi.

  We attached Backtest of PA- DAX 10M

  

  ProfitAlgos

  Participant

  Topics: 28

  Replies: 184

  Been thanked: 12 times
  02/17/2025 at 9:28 AM #243933
  LucasBest

  Just a question about overnight fees… If i close a position at 10 (or 11) pm for avoiding overnight fees, and i want to take it back, at what time can i take it back without having to pay those overnight fees? Can i take it back 5 or 10 minutes after the deadline ; 22h05 (or 23h05?). Or do i have to wait for midnight 00h01? or 01h01?

  Thanks for the replies

  

  LucasBest

  Participant

  Topics: 19

  Replies: 278

  Been thanked: 100 times
  02/17/2025 at 10:03 AM #243937
  GraHal

  You would need to close before 10pm (or 11pm) i.e. 10:59 as the ‘axe falls’ on positions held open at 10:00 exactly and then the overnight fees are triggered.

  My understanding is that you could then re-open the position at 10:01 without incurring overnight fees.

  However, you will pay as much in spread as you would have been charged in overnight fees.  Spread increases at exactly 10:00pm (or 11:00 pm depending on timezone)

  I’m happy to be corrected re my statement above if you work it out?

  

  GraHal

  Participant

  Topics: 215

  Replies: 8910

  Been thanked: 2235 times
  02/17/2025 at 10:10 AM #243938
  PeterSt

  I just scratched my post with the same answer, because, … with DAX (Eurex) and such I wouldn’t know (plus DAX is not even open at 10:01 – your time, Lucas).
  I also added to be careful for days like today, when all closes at 19:00.

  

  PeterSt

  Participant

  Topics: 73

  Replies: 2562

  Been thanked: 838 times
  02/17/2025 at 10:38 AM #243940
  LucasBest

  I read somewhere that overnight fees are applied at 23h02 (or 22h02) so it would be better to wait for 23h05 to reopen the position…

  

  LucasBest

  Participant

  Topics: 19

  Replies: 278

  Been thanked: 100 times
• Author
  Posts