HANS123 Opening-Range Breakout Rules for Intraday Futures

Summary

The document explains HANS123, an intraday breakout method that uses the opening range to set the day’s trading boundaries. In its futures example, the strategy measures the high and low of the first 30 one-minute bars, then takes a long position if price rises above the upper boundary or a short position if it falls below the lower boundary. The strategy limits entries per day and only trades during a specified session window.

Exit rules close positions near the end of the session or when profit or loss reaches preset thresholds. The article also describes retrieving bars and position data, tracking daily trades, and placing orders through a trading platform. It provides implementation logic, but no systematic performance results or evidence for the claim that the approach works broadly. Breakouts can fail, and the article identifies stop losses and take profit levels as necessary controls. It suggests filters and volatility-based parameter adjustments as possible refinements, without evaluating them.

Key ideas

• HANS123 defines an opening range from the high and low of the first 30 one-minute bars in the example.
• The strategy enters long above the range high and short below the range low during a specified trading window.
• It limits daily entries and closes positions based on preset profit, loss, or session-end conditions.
• Failed breakouts are a core risk, so the article includes stop-loss and take-profit rules.
• The document gives implementation guidance but no systematic evidence of profitability.

Tags

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