Trading Breakouts from the Opening Range in MNQ

Summary

This intraday futures strategy records the high and low of the 09:30 New York one-minute candle as an opening range. From 09:31 through 11:30, it looks for a candle close to cross beyond either boundary, with the prior close still on the other side. It allows positions only when flat, limits the number of daily trades, and prevents an immediate repeat in the same direction. A proposed trade is skipped when the distance to the opposite anchor exceeds a configurable percentage of entry price.

The visible source also specifies contract sizing, commission, slippage, profit-target and stop parameters, and a daily pause after consecutive losing days. The excerpt ends during the long-entry logic, so the full order and exit handling cannot be assessed. No backtest report or outcome is included. The approach is specific to the MNQ morning session and depends on one opening candle; its results may be sensitive to session rules, costs, and parameter choices.

Key ideas

• The opening range is defined by the high and low of the 09:30 New York one-minute candle.
• Entries require a close beyond an anchor level after the previous close remained on the other side.
• The strategy restricts trading to a morning window and caps daily trade count.
• A percentage threshold filters trades whose stop distance from the opposite anchor is too large.
• The provided source is incomplete and contains no reported performance results.

Tags

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