Brokers overnight interest rate

Elsborgtrading · 2016-12-29T18:31:10+00:00

Hi. Is there anyway to code or take in consideration the Brokers overnight interest rate in ProOrder? I can see there is an estimated brokers fee, but that does not add overnight interests, only add a one time fee. Since IG actually charge what more or less would be 0.8 euro a night/position on DAX 1e mini, it kind of adds up. for example if you have 2 position open a week you will be charged around 11 euros of interests+ spread. that’s quite a lot,so it would be nice to have the possibility to code this with your strategy. Cheers Kasper

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03/02/2025 at 4:20 PM #244542 quote

Roger B.
Participant

Junior

This is a really helpful snippet of code. I had been analysing the IG overnight cost as it has eaten away substantial profit. Incorporating this code in any strategy will visualize whether the market-strategy combo is a match cost-wise … big thanks!

03/02/2025 at 5:32 PM #244545 quote

ProfitAlgos
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Junior

Interesting thread! This discussion has several parallels with another thread. Feel free to check it out:

Algos – No Night Fees (All Vendors)

03/03/2025 at 8:40 PM #244604 quote

jebus89
Participant

Master

Overnight fees are crazy.. Ive paid so much to IG these past few years.. Last year i made in profit the same amount i paid in overnight fees.. Meaning if i had paid 0 in overnight fees i would have had 100% more profits.. Sadly many of my algos show significant better results holding overnight..

03/04/2025 at 9:48 AM #244615 quote

Snålänningen
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Average

jebus89 wrote:

Overnight fees are crazy.. Ive paid so much to IG these past few years.. Last year i made in profit the same amount i paid in overnight fees.. Meaning if i had paid 0 in overnight fees i would have had 100% more profits.. Sadly many of my algos show significant better results holding overnight..

Good to see you Jebus89! You dont know me, but when I started out, I read a bunch for your longer threads on this forum. Those helped a lot, so thanks so much! 🙂

Ohh, the overnight fee’s indeed eats up a lot of the profit… Does that mean your last year ended up +- 0?
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