DAX Intraday Breakout Rules Using the Previous Day’s Range
Summary
The document describes a short-term DAX strategy on five-minute bars that trades breaks of the prior day’s high or low during a morning window. Long entries require price above a 14-period moving average and are allowed Monday through Thursday, with up to two trades per day. Shorts require price below a 9-period moving average and are limited to Monday and Tuesday, also with a daily trade cap. Positions are closed at the end of the stated window or by stop and profit target.
Position size can be calculated from account equity and a risk fraction, or set to a fixed amount. The post supplies rules and code but no backtest, live results, costs, or robustness analysis; its claims of reliability are the author’s opinion. The displayed sizing inputs and trade stop settings also differ, so the intended risk calculation is not fully clear.
Key ideas
- The strategy enters long or short when price crosses the previous day’s high or low.
- Moving-average filters, weekdays, a morning trading window, and daily trade limits govern entries.
- The rules specify separate stop and target settings for long and short positions.
- Sizing may be equity-based or fixed, but the post supplies no performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.