You can try this order:
Screenshot
The difference is that I don’t have it looping because I didn’t want it looping. 
Side note: All of my overlays are on the same layer and the only one set at opacity 1 to start with is the first overlay, the rest are set to opacity 0.
Also, you’ll need to have “&” instead of “@“ for the start of your looping command otherwise readers won’t be able to progress passed it.