DAX Opening-Bar Direction Strategy with Progressive Sizing

Summary

The strategy takes a directional position based on the first five-minute bar after the DAX market opens: it buys after an upward bar and sells short after a downward bar. The description specifies a mini DAX contract, a one-point spread, a five-minute timeframe, a maximum position size, a manual contract multiplier, and a daily flat time. The code sets a five-point stop loss and a ten-point profit target. Position size increases by two contracts after a win and is halved after a loss, with a floor and cap described in the implementation.

The document gives sizing examples but no performance statistics or independent validation. It warns that faithful backtesting depends on using ProRealTime version 10.3, since version 10.2 may produce unreliable results. The sizing rule makes exposure depend on recent outcomes, so losses and wins can change subsequent risk substantially; the stated cap limits contract count but does not establish that the approach is profitable or suitable for a particular account.

Key ideas

• The system follows the direction of the DAX’s opening five-minute bar with a long or short position.
• It uses a stop loss, profit target, daily flat time, and a cap on contract count.
• After a winning trade, the next position size grows by two contracts; after a loss, it is halved subject to a floor.
• The description recommends ProRealTime version 10.3 for backtesting and says version 10.2 may give unreliable results.
• The document provides no performance record, and outcome-based sizing changes future exposure.

Tags

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