NQ Opening Range Breakouts with VWAP Bias and ATR Brackets

Summary

This script outlines an intraday Nasdaq futures scalping strategy built around an opening range. It defines a configurable range beginning at the 9:30 a.m. New York open, then looks for closes beyond its high or low. The visible settings include a session filter, a cap on daily trades, an optional volume comparison against a moving average, and a VWAP directional filter. Stops and profit targets are expressed as multiples of Average True Range (ATR); optional trailing stops, time exits, and end-of-session flattening are also included.

The supplied excerpt ends before the breakout conditions and order logic are complete, and it contains no strategy report or performance evidence. The script comments say opening-range construction on timeframes above one minute is approximate and works best on short intraday bars. Results would also depend on session, filter, and exit settings. This is therefore a configurable strategy outline rather than evidence that the approach is profitable; the full script and execution assumptions would be needed to assess it.

Key ideas

• The strategy builds an opening range from the early regular session and seeks breaks beyond its boundaries.
• VWAP position and above-average volume can optionally filter directional entries.
• ATR multiples define stop and target distances, with optional trailing and time-based exits.
• Daily trade limits and session-end flattening are among the available controls.
• The excerpt omits the complete signal and order logic and supplies no performance results.

Tags

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