First 30-Minute Range Breakout with One Trade per Session

Summary

This intraday breakout framework defines a reference range from the high and low of the first two 15-minute bars, spanning 09:15 to 09:44:59. Once the range is locked after 09:45, a move to or beyond its high can trigger a long, while a move to or below its low can trigger a short. A direction setting can restrict trades to either side, and the system allows at most one trade per day. The stated target is one initial range away from entry; the stop is placed at the opposite range boundary.

The document explains the rules and gives a backtest configuration, but reports no backtest outcomes, so it provides no evidence of profitability. It flags false breakouts and ranges that are unusually wide or narrow as practical problems, and notes that the fixed reward multiple and market-specific session times may not transfer well. Proposed filters and adaptive rules, including volume confirmation and volatility-based range sizing, are suggestions rather than validated changes.

Key ideas

• The reference high and low come from the first two 15-minute bars of the session.
• A break above the range can initiate a long, while a break below it can initiate a short.
• The strategy permits only one trade per day and offers controls for trade direction.
• Stops use the opposite edge of the range, while targets extend one range width from entry.
• The document describes risks and a backtest setup but reports no performance results.

Tags

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