MNQ Opening Range Breakout with Risk Limits

Summary

The available excerpt describes an MNQ strategy built around the 9:30 a.m. New York bar. It records that bar’s high and low as anchor levels, then defines a trading window through 11:30 a.m. The stated design includes percentage-based profit targets, a maximum stop distance, risk-based contract sizing, a daily trade limit, and a circuit breaker after a set number of losses. It also tracks consecutive losing days and can skip a trading day after that threshold is reached.

The excerpt gives configuration defaults and explains the intended safeguards, but it ends before the entry, exit, and trade-tracking logic is shown. It provides no backtest results or performance evidence, so the strategy’s signal rules and effectiveness cannot be assessed from this text alone. The settings are adjustable, and the listed MNQ point value is an input rather than a universal assumption; users would need to verify instrument details and test costs, fills, and risk behavior before drawing conclusions.

Key ideas

• The strategy marks the 9:30 a.m. New York bar’s high and low as daily anchor levels.
• It defines an entry window from 9:31 a.m. through 11:30 a.m. New York time.
• Contract quantity is intended to reflect a dollar risk limit and stop distance.
• Daily loss and consecutive losing day limits can restrict or skip later trading.
• The excerpt omits the actual entry and exit rules and 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.