Initial Balance Breakout with Retracement Entries and Range-Based Risk Rules

Summary

This intraday futures strategy defines an initial balance from a configurable opening-session window in New York time. The visible settings specify a 9:30–10:30 window, with entries allowed after that period until an afternoon cutoff. The code header identifies several US futures contracts and a five-minute chart as its intended context. It exposes filters for the initial balance size, a retracement percentage for entry, a stop expressed as a share of the balance range, a target expressed as a multiple of that range, and a time-based close.

The supplied document ends partway through the code, before the state handling and order rules are visible. As a result, the exact breakout and retracement conditions, trade direction logic, and how the stop and target are applied cannot be fully confirmed from this excerpt. It includes commission and slippage assumptions in the strategy configuration, but no backtest report or performance results. The settings describe a rule framework, not evidence that it is profitable or reliable across the listed markets.

Key ideas

• The strategy measures an opening-session range using configurable New York time boundaries.
• Entry timing, minimum and maximum range filters, and retracement percentage are user-configurable.
• Stops, profit targets, and a time-based exit are specified relative to the initial balance.
• The visible script header targets selected US futures on a five-minute chart and includes trading cost assumptions.
• The code excerpt is truncated before the detailed entry and exit conditions, and no performance results are supplied.

Tags

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