Overnight Gap Strategy
Beginner
High NSE Fit
Daily
Exploits the price gap between the previous close and current open on NSE. Well-suited for Indian markets where overnight gaps from global events create reliable intraday setups.
Indicators Used
Price Action
Volume
How It Works
1
Identify the market context — determine if conditions are trending or ranging, and confirm the higher timeframe direction
2
Wait for the specific entry signal defined by the strategy rules — do not enter without full confirmation
3
Execute with pre-defined stop loss and target — manage the trade according to the exit rules without discretionary override
Backtest Results — NSE 2019–2024
21.4%
CAGR
1.84
Sharpe
52%
Win Rate
−14.2%
Max Drawdown
2.1
Profit Factor
847
Total Trades
Run This Strategy
Free account. No credit card. Full NSE backtest from 2019.
Full backtest + trade log
Run on any NSE stock or index
Modify parameters and re-test
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Quick Facts
Complexity
Beginner
NSE Suitability
High
Timeframe
Daily
Best For
Beginner Traders
Popularity
5/10