OPEN-SOURCE SCRIPT
Opening Range Breakout - NQ Dynamic Risk
Found this video talking about first M15 opening candle range breakout:
youtube.com/watch?v=fuTqr5vlPZM
Was curious about the results and wrote a script to backtest. Strategy rules:
1) First 3 M5 candles defines the opening range
2) First M5 candle that closes outside of this range, enter trade
3) SL at halfway of the range + additional 5 points
4) Target 2R
The script is set for NY open at 9:30 with daylight saving etc accounted for.
By default it's set to start taking trades from May 1 2025.
Dynamic position size. Default equity to risk is 1%, so it automatically calculates number of contracts based on entry to SL. Also, this is NQ so contract multiplier is set to 20.
Have fun.
youtube.com/watch?v=fuTqr5vlPZM
Was curious about the results and wrote a script to backtest. Strategy rules:
1) First 3 M5 candles defines the opening range
2) First M5 candle that closes outside of this range, enter trade
3) SL at halfway of the range + additional 5 points
4) Target 2R
The script is set for NY open at 9:30 with daylight saving etc accounted for.
By default it's set to start taking trades from May 1 2025.
Dynamic position size. Default equity to risk is 1%, so it automatically calculates number of contracts based on entry to SL. Also, this is NQ so contract multiplier is set to 20.
Have fun.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。