Opening-Range Breakouts Using the 9:45–10:15 High and Low

Summary

This stock strategy records the high and low of the 9:45–10:15 interval using 30-minute data. It signals a long when price crosses above that interval’s high and a short when price crosses below its low. The author recommends applying it to five-minute Heikin-Ashi candles, while noting that it can also be displayed with standard candles.

For trade management, the description leaves profit targets to the trader and suggests exiting after two consecutive Heikin-Ashi candles move against the position. The script itself defines the entry levels and signals but does not implement that candle-based stop or a target, so those instructions require discretionary execution. The document provides no backtest results or measured performance; its claim that Heikin-Ashi works better is based on the author’s observation. The approach is therefore a simple opening-range breakout concept rather than a fully specified, empirically evaluated system.

Key ideas

• The strategy uses the high and low from the 9:45–10:15 interval as breakout thresholds.
• A cross above the interval high signals a long, and a cross below the interval low signals a short.
• The author recommends five-minute Heikin-Ashi candles based on personal observation.
• The suggested exit is two consecutive Heikin-Ashi candles against the position, while the target is discretionary.
• The script does not encode the described exit rules, and no performance evidence is provided.

Tags

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