Capstone Trading Systems
E-mini S&P Night Trader

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.

Trade 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.

Cobra III E-mini Nasdaq
Hypothetical Performance Summary
No Slippage or Commission
06/30/2016 - 05/23/2019
Annual Subscription
An annual subscription is the easiest way to get started. We do  not offer monthly subscriptions since strategies can go through multi-month losing streaks. An annual subscription will license you up to 4 contracts per market that you subscribe.
Lifetime License
The lifetime license doesn't limit the number of contracts traded and can be traded on all stock index futures. The code is close and the strategy remains proprietary but the code will never expire. 
Open Code License
The Open Code License gives you access to the code. This is beneficial for traders who want to know how the strategy works and for traders who want to modify the strategy to add their own custom rules to the trading system. The Open Code price is $25,000 and requires a Non-Disclosure Agreement. 
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Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Results Have Many Inherent Limitation, Some Of Which Are Described Below. No Representation Is Being Made That Any Account Will Or Is Likely To Achieve Profits Or Losses Similar To Those Shown. In fact, There Are Frequently Sharp Differences Between Hypothetical Performance Result And The Actual Results Subsequently Achieved By Any Particular Trading Program. One Of The Limitations Of Hypothetical Performance Results Is That They Are Generally Prepared With The Benefit Of Hindsight. In Addition, Hypothetical Trading Does Not Involve Financial Risk, And No Hypothetical Trading Record Can Completely Account For The Impact Of Financial Risk Of Actual Trading. For Example, The Ability To Withstand Losses Or To Adhere To A Particular Trading Program In Spite Of Trading Losses Are Material Points Which Can Also Adversely Affect Actual Trading Results. There Are Numerous Other Factors Related To The Markets In General Or To The Implementation Of Any Specific Trading Program Which Cannot Be Fully Accounted For In The Preparation Of Hypothetical Performance Results And All Which Can Adversely Affect Trading Results. These Performance Tables And Results Are Hypothetical In Nature And Do Not Represent Trading In Actual Accounts.

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