The built-in Overnight Protection option in the strategy builder does not work. Do not rely on it. This article used to describe it; that information is no longer valid.
What to do instead
Build the overnight hedge as a separate Set in your strategy:
- That Set takes the hedge in the evening.
- It squares the hedge off the next morning, on its own schedule.
This video shows the method: Overnight hedge with a new Set
If the hedge should open and close together with your main position, a Repair Once hedge is a simpler option.
Note: backtests ignore overnight protection settings.
Edited with AI from the original Tradetron article, checked against current docs (Oct 2026). Spot something wrong? Tell us in the Community.