AAPL CFD Opening Range Breakout With Risk-Based Sizing

Summary

The document describes an automated opening range breakout strategy for Apple stock CFDs on a five-minute timeframe. The system records the highs and lows during an early trading window, then checks volatility before acting on a breakout. Its exits use a stop based on a fixed trade risk, a take-profit target set as a ratio to that stop, and optional trailing-stop and breakeven logic.

Position size is tied to risk relative to initial capital rather than changing floating capital. The author presents this as potentially limiting drawdown growth as capital rises. The strategy’s schedule is adjusted to the broker’s timing and must account for the New York stock market open. The author says the system is not fully perfected; no results or testing details are supplied, so profitability and robustness are unproven.

Key ideas

• The strategy trades AAPL CFDs using an opening range breakout on a five-minute chart.
• It records early-session highs and lows and applies a volatility check to breakouts.
• Exits combine a risk-based stop, ratio-based target, and optional trailing or breakeven rules.
• Position size is based on risk relative to initial capital, and session timing depends on the broker.
• The document reports no performance evidence and describes the system as unfinished.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.