MNQ Opening Range Breakout with Volume and Range Filters

Summary

This MNQ futures script describes an opening-range breakout approach on a one-minute chart. It defines the reference range from 9:30 to 10:00 Eastern, then proposes entries after the range ends when price breaks beyond its high or low. Confirmation settings include a volume threshold relative to a moving average and an option requiring the bar to close outside the range. ATR-based minimum and maximum range filters are intended to skip unusually narrow or wide openings.

The visible source also lists retest-entry controls, stop choices based on the opposite range edge or ATR, partial profit targets, a daily loss cap, and an end-of-day close time. However, the supplied excerpt ends during the time definitions, before the entry, exit, and risk rules are implemented. It presents settings and rationale, including commissions and slippage assumptions, but no backtest results. The claimed filters and risk limits therefore cannot be evaluated from this excerpt, and live execution behavior remains unspecified.

Key ideas

• The proposed opening range spans the first half hour of the regular session.
• Breakout confirmation can require elevated volume and a close beyond the range.
• ATR filters are intended to avoid openings that are unusually tight or wide.
• The settings offer range-edge or ATR stops, partial targets, and daily loss controls.
• The excerpt omits the implementation and provides no performance evidence.

Tags

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