DAX Opening-Range Breakout with Daily-Factor and Trailing-Stop Filters

Summary

This five-minute DAX strategy defines an opening range from the high and low recorded during the first trading hour. It sets long and short breakout levels one opening-range width beyond the corresponding extreme, using a configurable multiplier. During the following entry window, a break above or below those levels triggers a market order, provided the daily-factor filter is below its configured threshold and the day is not Friday. Initial stops are placed at the opposite opening-range boundary.

The position size is configurable, and the rules add a trailing stop tied to a fraction of open profit. Positions are constrained by stated daily flat times. The post attributes the method to a webinar and requires a separate Dfactor indicator, but supplies no backtest, live results, transaction-cost analysis, or detailed validation. The code is a strategy description, not evidence that the rules are profitable.

Key ideas

• The first hour’s high and low define the DAX opening range.
• Breakout thresholds extend beyond the range by a configurable multiple of its width.
• Entries are filtered by a daily-factor reading and by weekday, and are limited to the early session.
• Initial stops use the opposite opening-range boundary, with a trailing stop intended to protect part of open profit.
• The rules depend on a separate Dfactor indicator, and the document provides no performance validation.

Tags

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