Envisioned that it can work after all, you should be able to improve significantly, by means of observing the related future. Thus, the current NQ0321 would represent the NDX and you could have it open as well. That Future will tell you quite well where the NDX will head at the opening, and with some interactive means on your side, you could steer your program to the price point you observe in the Future, will know that if the Future is positive for the day, the NDX will open at a highest point for the first oscillation, and you thus go short on the first trade and at a pre-set price.
Of course this now requires attention, so I would not really do it like this myself (can’t be Back Tested either).
Watch out :
I don’t even know – and maybe others do, but I would attempt to use the Future itself and observe it in your program outside of normal Trading Hours. The results will be quite the same (0.364% on average for the past week), and you will be able to see in your program where the price is at the opening. Thus, it is not about trading the Future outside of Trading Hours, BUT the opening will imply the exact same happenings.
And now the thing I am waiting for myself (Auto Trading with IBKR) … When I observe Futures outside regular Trading Hours, there are sooo many more opportunities to make nice money. This is at least 0.5% down and up each day and thus implies 1% each day. You see these coming easily in your program (after a mile of experience at observing what actually happens) and with virtually no cost and spread, you now have a second and mostly third gain moment on the same instrument, each day – over and over again. Below you see yesterday’s (Dec 11) example, which is there every day (always going down severely at some stage, and always recovering).
Mind you please … Here too I would not be able to trade this manually, because there are too many false indicators while you want again more more more (in this case you will be too early at going Short). HOWEVER, I use the very same principle to stay Long (it will recover all right, no matter how must loss you see appear).
But you must have something like Bloomberg running live at all times, because WHAT IF Trump sets fire on the White House or whatever he could do. This usually implies (very fast) downward trend and it will not recover soon, which for me means I should bail out the Long, and which would mean for you that you should never invert your Short position (you’d lose severely after that).
In all cases mind the cruciality of the bar size. See last attachment and to the top right of the mouse pointer. That’s quite fake news for a bar of say 5 seconds. But for a bar of 5 minutes (like this one) it works out.
What a hobby eh !
Peter
.
