NASDAQ Opening Range Breakouts with Relative Volume and Fixed Risk-Reward

Summary

The script outlines an opening-range breakout strategy for NASDAQ futures. It records the session high and low during the first fifteen minutes of the New York trading day, then locks those levels and their midpoint. During the remaining stated trading window, a close crossing above the range high can trigger a long, while a close crossing below the low can trigger a short. Entries require relative volume to meet a configurable threshold, and the example sets a risk-reward ratio of 2.0. The range midpoint serves as the stop reference; the target is calculated from entry-to-stop risk.

The visible code also limits the strategy to one trade per day and requires no open position. The supplied document ends partway through the short-side logic and provides no backtest results, costs, or evidence about fills. Its settings and signals describe a particular intraday implementation, not proof that opening-range breaks or the selected volume filter will perform reliably across instruments or market conditions.

Key ideas

• The opening range is formed from the first fifteen minutes of the New York session.
• The strategy looks for closing-price breaks above the range high or below its low.
• A relative-volume threshold filters entries, and the example uses a 2.0 risk-reward ratio.
• The opening-range midpoint is used as the stop reference, with the target based on entry risk.
• The excerpt is incomplete and supplies no performance evidence.

Tags

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