One hour breakout strategy

VIKAS 21

Well-Known Member
#42
One Hour Breakout strategy gives very good results if traded with the help of IDNR4/NR7/HOOK'S DAY

IDNR4 DAY:Opening range breakout is effective after an inside day that has a smaller daily range than the previous four days.

NR7 DAY:After any day that has a daily range less than the previous six days.

HOOK'S DAY:A hook day is any day that opens above/below the previous days' high/low then proceeds to reverse the previous day's close but does so with a daily range less than the previous day.
 
Last edited:

Tlahuicole

Well-Known Member
#43
Hi Vikas,

I tried back testing this data for some specific days randomly and it seems to work well, were you able to successfully trade this system, this seems to be a medium risk/high reward system :clap:
 
#45
I have also tried this. I basically take the high and low at 10:00 AM and go long or short. I have found that it's best to take a target of 75% of the opening range with a SL at 50%. It has a win % of around 45%. Since its a range breakout strategy , a lot of days, you will find yourself getting into the trade and the prices will immediately reverse. Here's the equity curve with about six months of data
 

Similar threads