Intraday CAC 40 Breakouts From the Opening Range

Summary

This document describes an intraday breakout system for the French CAC 40 using the early-session high and low as reference levels. It tracks the range from the opening period, then places stop entries beyond those levels when the range and the price’s position within it meet specified filters. The stated aim is to allow a second trade in the opposite direction after an initial false breakout, with a maximum of two entries per day and fixed position size.

The rules also impose time cutoffs, skip selected calendar days, and cap loss per position using a stop based on a maximum amplitude. Positions are intended to close by the evening cutoff. The text identifies the strategy as adapted from ProBacktest/ProOrder documentation and mentions personal trading on a small account, but supplies no measured results or backtest statistics. The parameters are specific to the CAC 40 schedule and instrument; execution costs, slippage, robustness across market regimes, and suitability beyond that market are not established.

Key ideas

• The strategy defines an early-session high-low range and places breakout stop orders around its boundaries.
• Range size and the close’s location within the range determine whether the entry levels are set.
• The rules allow up to two daily positions to accommodate a reversal after a false breakout.
• Time limits, selected no-trade dates, and a per-position loss cap constrain trading.
• The document gives no quantified performance evidence and leaves transaction costs and broader robustness untested.

Tags

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