A simple and yet effective idea for trading the overnight edge for the Silverminers ETF SIL. The last seven years of trading has resulted in a profit factor of över 8. You can test this entry idea with different filters to further improve results.
Here is the strategy logic. (Are you interested in code and workspace for Tradestation?)
1. Todays close should be more than 2,5% higher than the opening price.
2. If today is Wednesday, then buy at the closing price.
3. Exit next bar at the opening price.