New York Opening Range Breakout with Moving Average Exits

Summary

This strategy defines an opening range from 9:30 to 9:45 in New York time and uses breaks of the range to frame intraday entries. It includes a configurable entry cutoff, a long-only, short-only, or two-way direction setting, and a choice of take-profit approach: fixed risk-reward, moving average, or both. The fixed risk-reward option has a stated default ratio of 2.5. The moving average can be selected from several common types, with a default length of 100.

The supplied document is a partial script excerpt, ending during the range-capture logic. It does not show the complete entry and exit rules, backtest settings, or performance results, so the exact behavior cannot be fully assessed. The excerpt establishes that stop and take-profit levels are tracked and plotted, but offers no evidence that the setup is profitable or robust across markets. Its configurable settings alone are insufficient to infer execution details or the strategy’s risk profile.

Key ideas

• The strategy defines its opening range over the first fifteen minutes of the New York session.
• It provides configurable trade direction and a cutoff time for new entries.
• Take profit can use a fixed risk-reward level, a moving average, or both.
• The excerpt is incomplete and does not show the full entry and exit implementation.
• No backtest results or performance evidence are included in the supplied text.

Tags

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