Opening Range Breakout and Anchored VWAP Retest Strategy

Summary

This script outlines an intraday opening-range breakout strategy that uses an anchored VWAP retest as part of its setup. Its inputs define a session timezone, a range-building window, a breakout timeframe, and a final time for new entries. It can enable long and short trades and limit activity to one trade per session. Risk controls offer stops at the opposite side of the opening range or at an ATR distance, with a target expressed as a multiple of risk. Position size can be fixed or based on a dollar risk amount, subject to a contract cap.

The excerpt includes session and configuration logic, but cuts off before the breakout, VWAP, retest, and order conditions are fully visible. It offers no trade examples, backtest results, or assessment of execution costs. As a result, the strategy's exact confirmation rules and performance cannot be determined from this document alone; the parameters describe intended controls rather than validated outcomes.

Key ideas

• The strategy builds an opening range during a configurable intraday session and uses a breakout timeframe.
• The title identifies an anchored VWAP retest as part of the setup, but the excerpt does not show its exact trigger rules.
• Stops can be placed at the opposite side of the opening range or at an ATR-based distance.
• Targets are specified as a multiple of trade risk, and sizing can use fixed contracts or dollar risk with a cap.
• The available text provides no performance results or complete entry logic.

Tags

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