diff --git a/strategies/overnight/README.md b/strategies/overnight/README.md index 82d0dc0..ace0f4c 100644 --- a/strategies/overnight/README.md +++ b/strategies/overnight/README.md @@ -7,6 +7,10 @@ This strategy was taken from chapter 7 of [Short Term Trading Strategies That Wo 1. Go long SPY on the close. 2. Sell on the following open. +It is not possible to enter positions on the close of a bar in NinjaScript, so I have worked around this by incorporating a 1-minute data series into the strategy and entering on the open of the last bar of the day. + +The position is exited on the open of the following day as expected. + ## Parameters **Use Trend Filter**: Whether to use a trend filter to decide when to enter long positions. (Default: false)