DAX Day-Open Straddle Breakout with One Trade per Day
Summary
This strategy outline uses the DAX cash market on a three-minute chart. It records the day’s open at a specified time, then enters long when price moves a configurable number of points above that level or short when it moves the same distance below. Trade eligibility is limited to a morning window, and counters restrict the system to one position per day. An optional extra condition filters entries using recent daily highs or lows.
The example includes fixed percentage stop-loss and profit-target settings, a trailing exit based on favorable movement, and scheduled exits at the close or before the weekend. It reports a test setup using a spread assumption and a stated bar count, but supplies no performance statistics, comparison, or robustness analysis. The rules therefore describe a backtestable opening-range breakout concept, not evidence of profitability; details such as execution, slippage, and the interaction of exits would need scrutiny before practical use.
Key ideas
- The system defines the session open by time and places breakout triggers a chosen point distance above and below it.
- It allows at most one long or short position per day within a specified trading window.
- An optional filter checks recent daily highs and lows before permitting a breakout entry.
- Stops, profit targets, trailing exits, and scheduled end-of-day and Friday exits are included.
- The stated test configuration has no accompanying performance results or robustness evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.