Intraday Breakouts from the 11:00 Candle Range

Summary

This intraday method uses the high and low of the 11:00 candle as reference levels. It enters long after two consecutive closes above the high and short after two consecutive closes below the low. The stated stop for each direction is placed at the opposite edge of the candle range, and positions are closed at 15:15. The document describes the rules and suggests possible refinements, including volatility filters, volume confirmation, dynamic stops, and profit targets.

The document provides strategy logic and backtest configuration for BTC/USDT futures over a one-month period, but reports no performance results. Its claims about risk control and potential effectiveness are therefore not supported by presented outcome data. False breakouts, fixed stops, trading costs, and dependence on a single candle are cited limitations. The accompanying code’s exchange and symbol context also differs from its stated example strategy description, so the rules need validation before use.

Key ideas

• The strategy marks the high and low of the 11:00 candle as intraday reference levels.
• Two consecutive closes beyond either boundary trigger a directional entry signal.
• The opposite boundary acts as the stop level, and positions are scheduled to close at 15:15.
• The document supplies backtest settings but no reported performance results.
• False breakouts, fixed stops, trading costs, and reliance on one candle are stated limitations.

Tags

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