Nifty Futures Opening Range Breakout with Adaptive Trailing Stops

Summary

This intraday strategy trades Nifty futures breakouts beyond the high or low of the first 15 minutes of the session. It skips days when the opening range is wider than a set percentage of price, limits entries to before the late-session cutoff, and permits at most one trade per direction each day. Position size is based on a percentage of equity and the distance to an initial stop, which uses the wider of the opposite range boundary and an ATR-based distance.

After entry, the stop combines an ATR trail that tightens as unrealized profit advances through risk multiples with a recent swing high or low. A large adverse candle can trigger an immediate close, and any open position is closed during the scheduled afternoon square-off window. The document supplies rules and script parameters but no strategy report or performance evidence. The settings are presented for an Indian market session; the description does not establish how the method performs across instruments, market regimes, or execution conditions.

Key ideas

• The opening range is formed during the first 15 minutes of the Indian session.
• Breakouts are filtered by maximum range width, entry cutoff, and daily direction limits.
• Initial risk distance uses the wider of the opposite range edge and an ATR-based stop.
• The trailing stop combines stepwise ATR distances with recent swing structure.
• A large adverse candle and the scheduled square-off window provide additional exits.

Tags

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