Dual Thrust: Prior-Range Breakouts from the Daily Open

Summary

The Dual Thrust method sets breakout thresholds from recent price ranges, then anchors them to the next session’s opening price. It calculates a range using the larger of two lookback measures: the highest high minus the lowest close, or the highest close minus the lowest low. Separate upper and lower multipliers scale that range. A move above the upper threshold triggers a long entry; a move below the lower threshold triggers a short entry.

The strategy is a reversal system: an opposite breakout closes the existing position and establishes the other direction, with no separate stop-loss rule described. The document provides a MyLanguage formula and example parameters, but no backtest or performance evidence. Its thresholds can be asymmetric through separate multipliers, and the lookback and multiplier choices require evaluation for the market and timeframe in use.

Key ideas

• The trigger range is the larger of two measures based on recent highs, lows, and closes.
• The next session’s open anchors upper and lower breakout thresholds.
• Crossing either threshold reverses the position, so the opposite signal also serves as the exit.
• The system describes no independent stop loss, and the document supplies no performance results.

Tags

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