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Toby Crabel's Opening Range Breakout Formula

Discussion in 'Day Trading' started by jxcess, Jun 17, 2012.

  1. jxcess

    jxcess Active Member

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    I read this in some website about Tony Crabel's breakout trading strategy:

    I have prepared an excel (link for the excel: http://www.4shared.com/folder/vPBzc9nm/_online.html) based on my understanding and did backtesting for some stocks (only for the months may and june as I don't have intraday info prior to this period) and it seems to work. I want to know if anybody is using this technique as I have some queries. Would u be kind enough to go through the excel and see if my method is right? My queries are:
    1. Should the absolute value of the average be taken or can it also be negative?
    2. What should be stop loss and targets?
     
    Last edited: Jun 17, 2012
  2. skann

    skann New Member

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    Any Update on this? Are you using it for trading. Please let me know
     
  3. markethero1982

    markethero1982 New Member

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    1. Gulf Oil Corporation Limited was listed under NR4 indicator results on 2014-04-03. Today, this stock has reached an intraday high of 115.4 which has generated a return of 5.34% from its previous closing price of 109.55. This stock is currently trading at 113. This stock was also flagged by NR7 indicator on 2014-04-03.

    2. Lanco Infratech Limited was listed under NR4 indicator results on 2014-04-03. Today, this stock has reached an intraday high of 7.65 which has generated a return of 8.51% from its previous closing price of 7.05. This stock is currently trading at 7.55.

    3. Monsanto India Limited was listed under NR4 indicator results on 2014-04-03. Today, this stock has reached an intraday high of 1538 which has generated a return of 3.33% from its previous closing price of 1488.5. This stock is currently trading at 1492.55. This stock was also flagged by NR7 indicator on 2014-04-03.

    4. Seamec Limited was listed under NR4 indicator results on 2014-04-03. Today, this stock has reached an intraday high of 103.9 which has generated a return of 13.37% from its previous closing price of 91.65. This stock is currently trading at 100.6. This stock was also flagged by NR7 indicator on 2014-04-03.

    5. Suzlon Energy Limited was listed under NR4 indicator results on 2014-04-03. Today, this stock has reached an intraday high of 12.75 which has generated a return of 13.84% from its previous closing price of 11.2. This stock is currently trading at 12.45.

    6. Transport Corporation of India Limited was listed under NR4 indicator results on 2014-04-03. Today, this stock has reached an intraday high of 114.1 which has generated a return of 5.7% from its previous closing price of 107.95. This stock is currently trading at 108.75.

    7. VAKANGEE LIMITED was listed under NR4 indicator results on 2014-04-03. Today, this stock has reached an intraday low of 94.5 which has generated a return of 3.52% from its previous closing price of 97.95. This stock is currently trading at 97.2.
     
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