オプション取引活用術

オープニングレンジ

オープニングレンジ

お金にまつわるお悩みなら教えて! お金の先生

FXでロンドンオープニングレンジブレイクアウトとNYオープニングレンジブレイクアウトを使って、 トレードしています。 だましブレイクに引っかかりにくい方法をおしえてください。

FXでロンドンオープニングレンジブレイクアウトとNYオープニングレンジブレイクアウトを使って、
トレードしています。

だましブレイクに引っかかりにくい方法をおしえてください。それから、決済ポイントがわからない為に、せっかく利益が出てたのに、またボックス内に戻して利益がとれない
ということがたびたびあります。

何か良い方法はないでしょうか?

ベストアンサーに選ばれた回答

NYボックスブレイクアウト取引をする上での

基本ルールは買いで入った場合は

次のローソク足の始値から20pips上でリミット

30pips下でストップを入れて

勝つ時は20pips負ける時は30pipsですが

勝率でカバーするという取引手法です。


あとストップにかかった場合はこの場合はだましで

下にいきたがっている相場になりますので

すぐに売りでエントリーします、その際はボックスの下値

が利益確定ポイント(相場がどうしても下にいきたがって

ますのでそれ以上下値が伸びる可能性が高いですが)

損切り幅は30pipsです。

この2つを併用する事で初めてボックスブレイクアウトの

効力を発揮します

特典・キャンペーン中の証券会社

新規口座開設&クイズに正解で4,000円プレゼント!

総額1億円還元キャンペーン

運用スタートプログラム

開設後1ヶ月間取引手数料0円!

2,000円プレゼント

証券に関する悩みや疑問をキーワードから探す

その他の回答

だましを全部防ぐことはできませんが、ドテンを使用して、損をカバーする、もしくは利にすることは可能ですよ。

利食いは、
1、時間で判断する。
玉切れする時間帯は微妙に異なりますが、値動きから大体判断できると思います。玉切れすると、ダラダラとトレンドが継続するか、反転しやすいので、玉切れ起こす前にさくっと利食いする。
オープニングレンジ オープニングレンジ オープニングレンジ オープニングレンジ オープニングレンジ
2、取引所終了前に利食いする。
クローズ前は、利食いやポジション取りを取ってくるので、どちらに動くか難しいす。オーバーナイトさせるのであれば別ですが、ここも値幅とか関係なく、さくっと利食いしたほうが良いと思います。

3、イベントを意識する。
イベントがないときは、だらだらとトレンド継続か、レンジ内に値が戻りやすいです。それなら、レンジ内に値が戻ると仮定して、こちらもさくっと利食いしたほうが良いと思います。

4、ワンチャンスにこだわらない。
おそらく、ワントレードで大きな利益を得たいのでしょうが、それでこれまで失敗してきたトレーダーは数知れず…。私のように1商品20回トレードしろ、とはいいませんが、2回3回に刻むことも大切です。
もし、刻む手法を見つけることができないのならば、手仕舞いを2回3回に分けて、利益を確保すればよいかと思います。

よい方法があれば、誰でもやっていますよ。

あなたがやるべきことは
100回以上売買検証して、ダマシに遭うときはどのようなパターンがあるか貴方なりの答えを見つけることです。
ブレイクした後の押し目を狙うとか、RSIを見るとか。

決済に利用するとしたら、ATRの値×2か3かプライスチャネルの値とかですかね…

インジも色々あります。

大事なのは、自分を理解して自分にあったトレードは何かを考えることです。
そして自分にフィットしたインジが決まると思います。

Opening Range Breakout and How to Trade It

As Seen On

opening range breakout

An opening range breakout is the most popular strategy used by the day traders. Today, we’ll look オープニングレンジ オープニングレンジ at what it is and how to trade it.

Contents

What is an Opening Range?

The Opening range of the day sets the tone for the rest of the day and to calculate it, we need to take the opening high and low, which can オープニングレンジ オープニングレンジ オープニングレンジ generally range from 15 minutes to 30 minutes or even 1 hour.

Also, the previous day’s high and low are important price zones that also need to be taken into consideration while calculating the range.

The chart below is of Alphabet (GOOGL).

On June 4th, 2021, the stock オープニングレンジ opened with a bullish gap and formed a high of $ 2,428.19 in the first 15-min timeframe as against the previous day’s close of $2406.

So, we can determine the opening range as $ 2,406 – 2,428.19 as indicated by the arrow in オープニングレンジ オープニングレンジ オープニングレンジ the chart.

orb strategy

What is an Opening Range Breakout (ORB)?

An opening range breakout can be defined as the breakout of the price from its opening range to continue its movement in that direction.

For example, after breaking the high of the range, the price continues moving オープニングレンジ オープニングレンジ higher.

If the stock breaks the low of the range, it comes under selling pressure .

The trading of the opening range breakouts gives fixed entry and exit points and the stop-loss can be determined by the trader based on his risk exposure .

Opening Range Breakout Strategy & How オープニングレンジ オープニングレンジ オープニングレンジ to Backtest it.

Per this strategy, the trader goes long or short on a stock when the high or low as determined by the opening range is broken.

Such a strategy might seem to be simple, but it needs a lot of optimizations that can be オープニングレンジ achieved by backtesting .

The backtesting of a strategy develops trust, and it must be done over the past several years of data to streamline and improve the parameters for the strategy such as: –

  • Picking the timeframe to be used for determining such a range which can be オープニングレンジ from 15 min to 30 min or even 1 hour.
  • The entry point after the breakout which can be the close of the candle or waiting for a pullback candle to initiate the trade.
  • The minimum target for the trade which can be say, the length オープニングレンジ オープニングレンジ オープニングレンジ オープニングレンジ オープニングレンジ オープニングレンジ of the range.
  • A stop-loss which can be set as half of the target keeping the risk-reward ratio in mind.
  • The exit criteria which can be a break of a trendline/or break of a 5-day SMA or VWAP.
  • Other parameters such as minimum volume criteria for initiating a breakout trade.

The backtesting optimizes the parameters for the strategy and sets the tone for the trading set up in the live market.

How to Calculate and Identify an Opening Range Breakout

Calculating the breakout is the most important part of such a strategy .オープニングレンジ オープニングレンジ

The below chart of Alphabet Inc Class A (GOOG) reveals that after breaking out from the high ($ 2,428.19) of the range, the price shoots up to $ 2,453.

opening rang breakoutstrategy

It is also important to identify an actual breakout and not get trapped by false breakouts.オープニングレンジ オープニングレンジ

The chart below is of “American Eagle Outfitters (AEO) which opened with a gap up on May 26th, 2021 and the opening range was determined as ($33.27 – 35.32) on a 15-min timeframe.

Subsequently, the price tried to break the opening range but failed in its attempt as the on lower volume. The false ORB resulted in a sell-off from that price level.

orb trading

While trading the ORB, it becomes imperative for the trader to identify the false breakouts and avoid entering into such trades.

The various parameters such as moving average, VWAP, volume, オープニングレンジ オープニングレンジ etc. can come in handy to identify and trade ORBs with good volume.

How to Calculate and Identify an Opening Range Breakout

While trading ORB, the entry, stop-loss, target, and exit become vital for traders so they can gain ride the momentum after the trade has turned profitable.

The below chart is of Nvidia Corporation (NVDA) on May 14th, 2021.

The opening range defined for the day would be ($549.55 – 555.81) on a 15-min timeframe.

Traders can go long when the price breaks the range at the close of the third 15-min オープニングレンジ candle at $ 557 with a stop loss at $ 553.72 and a minimum target of $ 562 with a risk-reward ratio of more than 1:1.

Since, after the breakout, the trend continues to be bullish and the trader can very well ride the momentum by オープニングレンジ オープニングレンジ オープニングレンジ using the bullish trendline as his exit criteria to continue the profitable trade, and thus his exit will be around $ 570 with the break of the trendline.

range breakout

The ORB strategy with a good breakout often gives an incredibly good reward vs the risk. Traders can use オープニングレンジ オープニングレンジ オープニングレンジ additional parameters to increase their chance of success.

Key Takeaways

Trading breakouts of opening range involves various steps such as: –

  • Identifying the range at the opening of the markets.
  • Formulating a breakout strategy after backtesting it with optimization of different parameters.
  • Identifying false breakouts and オープニングレンジ オープニングレンジ オープニングレンジ avoiding them.
  • Recognizing good ORB trades and initiating a trade.
  • Riding the profitable ORB trade or exiting with a small stop loss in case of no momentum or reversal after the breakout.

Disclaimer: The information above is for educational purposes only and should not be treated オープニングレンジ as investment advice. The strategy presented would not be suitable for investors who are not familiar with exchange traded options. Any readers interested in this strategy should do their own research and seek advice from a licensed financial adviser.

Opening Range

Tim Smith has 20+ years of experience in the financial services industry, both as a writer and as a trader.

What Is Opening Range?

The opening range shows a security's high and low price for a given period after the market opens. Day traders monitor a stock's opening range because it can provide オープニングレンジ an indication of market sentiment and price trend for the day.

Key Takeaways

  • The opening range shows a security's high and low prices for a given period after the market opens.
  • Opening ranges are important to traders because they can provide an indication of sentiment オープニングレンジ オープニングレンジ オープニングレンジ and price trend for the day.
  • Traders often monitor opening ranges before or after periods of heightened volatility.

Understanding Opening Range

The opening range is one of several price ranges that technical analysts follow when watching a chart. Trading ranges, in general, can be a powerful indicator for technical analysts. The opening range often shows strength, weakness, or a sideways trend with no clear sentiment. Most charts display the day's high and low, which shows the exact trading range from open through the current time period.

Many investors follow the opening range of a security'オープニングレンジ オープニングレンジ s price before or after a significant announcement, such as when a company releases its quarterly earnings report, to gauge price direction. Investors may also choose to follow a stock's opening range to consider its sentiment in conjunction with a potential trading idea.

Traders can use オープニングレンジ varying patterns, other forms of technical analysis, and multiple timeframes to track the opening range. A stock's opening price in comparison to the previous day's closing price, for example, may help determine the day's trend. Traders can then apply Bollinger Bands to the opening range, オープニングレンジ which shows a support and resistance band drawn two standard deviations above and below a stock price's moving average. When price violates the opening range band, traders can position for either a breakout or reversion to the mean. Some investors may choose to follow only a few minutes of the opening price action, while others may prefer to see an hour or more before drawing a conclusion from the opening range.

Opening Range Trading Example

Investors and traders can monitor opening ranges using a variety of charting resources. The chart below shows the opening range オープニングレンジ オープニングレンジ オープニングレンジ of social networking service Twitter Inc. (TWTR), several days after the company released its 2019 second quarter (Q2) earnings.

The opening range between the dotted trendlines shows the first 25 minutes of trading activity, with the stock's price printing a low at $41.08 and a high オープニングレンジ オープニングレンジ at $41.65. A breakout at 9:55 a.m. above the opening range and the previous day's high gives traders an indication of further upside intraday momentum, and to favor long positions over short positions.

Image

Image by Sabrina Jiang © Investopedia 2021

Stop-loss orders could sit オープニングレンジ オープニングレンジ below the breakout candle or beneath the opening range low, depending on preferred risk tolerance. Traders may decide to take profits using a multiple of risk. For example, if using a 30-cent stop, traders might set a 60-cent profit target. Alternatively, traders may implement a trailing stop, such オープニングレンジ as exiting if the price closes below a moving average, to let profits run. For example, those who used this exit strategy got stopped out at 11:50 a.m. when the stock's price closed below the 10-day simple moving average (SMA).

Three Ways to Trade the オープニングレンジ オープニングレンジ Opening Range

Alton Hill is a Cofounder at TradingSim. He has a passion to help people and found that one of his ways of doing so, is through the world of Day Trading. Alton’s skillset is in Product Development and Design Thinking which he uses to write オープニングレンジ and improve the overall experience for TradingSim.

The most dynamic and active period of the trading day is the opening range. Since this is the most volatile time frame during the trading day, we believe it deserves special attention from our side.

In this article, we will オープニングレンジ オープニングレンジ オープニングレンジ オープニングレンジ cover three methods for trading the opening range. After reading this material, you will feel more confident when attempting to trade during a time when the market feels the most chaotic.

Table of Contents

Open Range Definition

The opening range is simply the high and low of a given オープニングレンジ オープニングレンジ period after the market opens. This period is generally the first 30 minutes or the first hour of trading.

During this period, you want to identify the high and low of the day. In addition, you will also want to account for the pre-market highs and lows, as オープニングレンジ オープニングレンジ these levels will often act like a magnet on price action after the bell rings.

Since the opening bell is associated with big trading volumes and volatility, this time of the session provides many trading opportunities. In this manner, traders use the opening range to set entry points オープニングレンジ on the chart and to forecast the price action for the day.

Size of the Opening Range

The first thing you need to do before attempting to trade the opening bell is to measure its size.

When the market opens and you spot the open range of a オープニングレンジ stock, there will be two candles which will help you measure the size of the range.

The first candle is the one which is last from yesterday’s trading session. The second candle is the first one created when the market opens. To get the range size you need オープニングレンジ オープニングレンジ オープニングレンジ to take the high/low of the yesterday’s closing and the high/low of the today’s opening candle. The distance between these two prices is the size of the opening range. Now see how we measure the size of a range:

Opening Range

The image above illustrates an opening range. The black オープニングレンジ オープニングレンジ オープニングレンジ horizontal lines measure the size of the range. The upper line shows the opening range high and the lower horizontal line is the opening range low.

For a more conservative range, you could just look at the price action after the open, but this will mask the inherent risk of trading a 15% gap for example. While the morning range could be pretty tight in this scenario, if the stock decided to close the gap from the previous day, you essentially are ignoring the fact there is 15% of space between your entry and the floor of the move.

Opening Range Breakout Calculator

The most important part of the opening range trading is the breakout from the range.

In many cases, the opening range breakout determines the further price direction. When the price breaks out of the range, there is a big chance オープニングレンジ that the price action will continue in the same direction. Therefore, in most opening range trading strategies traders use the range breakout to set entry points on the chart.

Opening Range Breakout Calculator

Opening Range Breakout Calculator

This is a real opening range breakout. The size of the range is marked with the オープニングレンジ オープニングレンジ オープニングレンジ オープニングレンジ black horizontal lines on the chart. The range breakout is located in the red circle. As you see, the price shoots up after the opening range breakout.

Opening Range Trading Strategy

The stock market opening bell is a specific on-chart phenomenon, which can be approached in many ways. Now オープニングレンジ オープニングレンジ オープニングレンジ that we have covered the technical structure, let’s dig further into the opening range breakout strategies.

Strategy #1 – Early Morning Range Breakout

This is probably the most popular opening range success formula. The early morning range breakout puts emphasis on the size of the gap, as well オープニングレンジ as on the breakthrough of its low/high. According to this strategy, when we identify the boundaries of the gap, we need to trade in the direction of the breakout.

One point to note is that breakouts later in the day should be taken with caution. Light volume and オープニングレンジ オープニングレンジ skilled professionals is a cocktail I don’t like to partake in often. Therefore, pull the trigger when the retail/inexperienced traders are most prevalent, which is in the morning.

You should always use a stop loss order when trading the early morning range breakout. The right place for your stop loss would be the mid-point of the gap.

You should stay in your trades for a minimum price move equal to the size of the gap. However, if the price shows symptoms to continue the trend, you can use price action rules to extend your gains オープニングレンジ オープニングレンジ オープニングレンジ オープニングレンジ or to exit a position earlier than expected.

Early Morning Range Breakout

Early Morning Range Breakout

The picture above shows the 5-minute chart of Royal Caribbean, which exhibited an early morning range breakout.

The opening range is outlined with the two parallel lines at the beginning of the chart. We enter a long オープニングレンジ オープニングレンジ trade when the price breaks the upper level of the early morning range. The stop loss of this trade should be located in the middle of the range.

Ten periods after we buy RCL, the price completes the minimum target which equals the size of the opening オープニングレンジ オープニングレンジ range. However, the price increase continues and we stay in the trade for further gains.

Suddenly, the price begins to trade in a horizontal fashion. We close the trade when the price action closes a candle through this support level.

Strategy #2 – Chart Pattern Gap Pullback Buy

The オープニングレンジ gap pullback buy is another popular approach for trading the opening range. However, this trading strategy is applied only to bullish gaps.

When you spot a bullish gap on the chart, the price could immediately start moving contrary to the direction of the gap.

This phenomenon is called a pullback. Since the gap is bullish, the pullback would be bearish.

The purpose of this trading strategy is to predict the end of the pullback.

The tricky part is knowing when to purchase the pullback. This can be done in many ways; however, a simple way オープニングレンジ オープニングレンジ オープニングレンジ オープニングレンジ オープニングレンジ to get your feet wet is to look for a reversal candlestick pattern.

After identifying a reversal, wait for confirmation and then enter a long trade.

When you use this opening range trading strategy, you should use a stop loss order to protect your trades. The proper location オープニングレンジ of your stop is below the lowest point of the opening range.

You should hold your trade for a minimum bullish move equal to the size of the gap.

Now, let’s do a review of a gap pullback trading opportunity:

Gap Pullback

You are looking at the 1-minute chart オープニングレンジ of Citigroup from June 15, 2016. The image illustrates a gap pullback trading strategy.

As you see the chart starts with a bullish gap. Shortly after the open, the price begins to pull back to the previous days’ close.

Then Citi prints a strong bullish candle, which engulfs オープニングレンジ オープニングレンジ オープニングレンジ the previous two, and we take a long position with the anticipating the stock will make a new high.

Full disclosure, buying the pullback is my least favorite of the three strategies. This is because the high has not been broken.

I can’t tell you how many times オープニングレンジ オープニングレンジ オープニングレンジ I have purchased the pullback only to have the stock rollover or go flat.

For me, when I buy the high or sell the low, I at least know something is supposed to happen. Reason being, there could be many traders that are looking for a certain オープニングレンジ オープニングレンジ level after a pullback, but it’s really anyone’s guess which level will trigger a move higher.

However, everyone and I mean everyone knows the high and low for the day.

As you can see on the chart, Citigroup began a nice steady climb higher and got close to オープニングレンジ オープニングレンジ オープニングレンジ breaching $43.

We exited the trade when the price action breaks its blue bullish trend line.

Strategy #3 – Gap Reversal

The gap reversal is another way to approach the opening morning range of a stock. We have a gap reversal when the price creates a gap, but the オープニングレンジ オープニングレンジ range is broken in the opposite direction.

If the gap is bullish, we have a gap reversal when the price breaks the lower level of the opening range. If the gap is bearish, we have a gap reversal when the price breaks the upper level of the オープニングレンジ オープニングレンジ オープニングレンジ オープニングレンジ opening range.

The trigger of a trade with this opening range trading method is the breakout through the opposite level. When you open your gap reversal trade you should also secure the trade with a stop loss order. The right place for your gap reversal stop loss is オープニングレンジ again the mid-point of the opening range.

When you trade the gap reversal, you should hold the trade for a minimum price move equal to the size of the gap. You could hold the trade further if the trend continues in your favor but again will need オープニングレンジ to have a clear method for knowing when to exit the trade (i.e. time and sales).

Gap Reversal

Above is the 5-minute opening range breakout of Boeing from April 18, 2016.

The image starts with a bearish gap. However, the price action suddenly reverses and breaks the opening range オープニングレンジ オープニングレンジ オープニングレンジ upwards. This creates a gap reversal pattern on the chart. Therefore, we buy BA the moment the stock makes a new high.

On a side note, these are one of my favorite setups. Essentially, you have a pullback below the low of the current day, which looks pretty オープニングレンジ オープニングレンジ オープニングレンジ オープニングレンジ bearish on the chart.

Only to have price perform a “v” move up through the high. This sort of quick impulsive move higher traps the weak bears.

The price breaks may be short-lived, but if you are able to time your exit, you can make some pretty オープニングレンジ オープニングレンジ オープニングレンジ オープニングレンジ consistent gains.

Time and Sales – My Way Out

My preferred off-chart indicator for trading opening ranges is the time and sales or the tape. The action is fast of course, but the time and sales is the one tool that keeps me “safe” in the morning. Every other オープニングレンジ オープニングレンジ オープニングレンジ indicator, leading or lagging, just isn’t fast enough and I would tend to get myself in some tricky spots.

The point I’m trying to make is that you need some method or indicator for knowing when to get out of the trade. The mid-point stop is just a オープニングレンジ オープニングレンジ last resort, but it should never be your only option.

Opening Range Breakout Strategy- What Is 5 minute ORB Trading System- Does It Work? (Day trading, Backtest, Daily, And Weekly)

Opening range breakout trading strategies are popular strategies, perhaps because of Tony Crabel’s classical trading book published オープニングレンジ オープニングレンジ in 1990: Day trading With Short Term Price Patterns And Opening Range Breakout. 31 years after it was published we still see an abundance of opening range breakout strategies on the internet. But do opening range breakouts work? We test some opening range ideas quantitatively:

Unfortunately, opening range breakout trading strategies don’t work very well anymore. In this article, we do some backtests on trading the opening range breakouts on the S&P 500.

Table of contents:

What is an opening range breakout?

As the name indicates an opening range breakout happens when the price breaks オープニングレンジ away from what is defined as the opening range.

There is, of course, no definite answer to what is an opening range. You can define the opening range yourself, also depending on which time frame in trading you use. But obviously, in most cases we are talking about オープニングレンジ a very short time frame. In this article, we test some day trading strategies and some strategies by using a bit longer time frame (daily bars).

An example of an opening range breakout

The opening range can for example be from the open of the daily session until the オープニングレンジ close of the first five-minute bar. Then you use the high and low within that 5-minute bar to determine where you should go long or short. It’s the max and low within that time frame that trigger the entries.

Let’s say you trade the S&P 500 futures オープニングレンジ contract. This means you record the high and low during the first five minutes, and you might go long if the price breaks above the high (thus the name breakout strategy). You can also add some filters as to the time frame of your trades, for example, take オープニングレンジ オープニングレンジ only trades between 0835 and 0900 local Chicago time.

You are not predicting the opening range – you are using it as part of your trading strategy after the fact.

When does the market set high and low?

If you are a day trader you might find オープニングレンジ オープニングレンジ オープニングレンジ オープニングレンジ it interesting to know at what time of day does S&P 500 set high and low. The linked article is old, but we can confirm that the main conclusions from this backtest are still intact: high and low for the day usually happen in the first and last オープニングレンジ hour.

If you trade opening range breakout, the information above is important. It gives you a real clue where to start.

Why trade the opening range breakout?

The opening session discounts news that has accrued overnight. Most times it is just noise and the opening is marginally different オープニングレンジ オープニングレンジ オープニングレンジ オープニングレンジ オープニングレンジ オープニングレンジ than the close the day before.

News needs to be adjusted to price and this frequently means volatility. A trader can only prey on volatility! That’s why it makes sense to trade around the open and the close. It is by no means easy, but at least オープニングレンジ オープニングレンジ オープニングレンジ it is better than the doldrums during lunch hours.

During the closing minutes of the trading session, any prior trends tend to be exacerbated – or reverse….. The marketplace is chaotic, and you need to use filters if you want to trade breakout trading strategies.

5 minute Opening オープニングレンジ オープニングレンジ range breakout (ORB) trading strategies – day trading

The internet is flooded with anecdotal setups on how to trade opening range breakouts. Anyone can set up such “systems” but the sad truth is that most of these ORB trading strategies don’t work. The only way to find out if オープニングレンジ オープニングレンジ an opening range breakout trading strategy works is by backtesting.

Let’s make some simple ORB trading strategies based on minute bars. Alle the tests below are performed on futures contracts within the regular trading hours Chicago time.

Opening range breakouts in the S&P 500 – Backtest and オープニングレンジ statistics

We buy when the price breaks above the highest price within time interval x and we sell at the close of the day (1500 local time):

The table can be understood like this:

  • Column one shows the time of day (this is Chicago time – not NY オープニングレンジ オープニングレンジ オープニングレンジ time). 90 000 equals 09.00 and 120 000 is 12.00.
  • Row one contains the result when the S&P 500 breaks above the highest price from 0830 to 0900. It can enter at any time after 0900 until close at 1500.
  • Row two contains オープニングレンジ オープニングレンジ the result when the S&P 500 breaks above the highest price from 0830 to 1000. It can enter at any time after 1000 until close at 1500.
  • and so on…

As you can see the average gain per trade is minuscule: the best is 0.04% per trade, オープニングレンジ オープニングレンジ something that will certainly not make you famous or rich.

Let’s flip the strategy and buy when the price breaks below the lowest price within time interval x (and sell at close):

Again, we sell at the close. But the result is even worse than buying a breakout to the upside.

We tested multiple other options around the opening, but we didn’t manage to find anything close to tradeable. You need to add some smart and logical filters.

We tested additional contracts for Nasdaq (NQ), gold (GC), silver (SI), and oil (CL) as well – with the same negative result.

Does it mean that this is either impossible to find tradeable strategies or we just find something that is curve fitted? No, you might need to add some daily filters:

Daily (weekly) opening range breakout

You can add filters by using daily bars (オープニングレンジ オープニングレンジ or even weekly bars). This is a different time frame than you might be doing the backtest on, but it often acts as a great filter. The daily filter can be based on longer trends, volume action, reversal patterns, oversold or oversold indications, etc. Only your imagination (or lack thereof) sets the limits!

Luckily, This way you can probably find tradeable strategies:

Opening range breakout strategy in Nasdaq (NQ futures) – daily and one-minute bars [- Backtest and statistics]

Below is an equity chart of a strategy we have been trading live for some time. In addition to the 1-minute bars we are using, we added one daily filter based on daily bars.

We buy a breakout after n minutes and we sell at the closing price of the daily session:

The number of trades is 198, the average gain is 0.27%, the オープニングレンジ オープニングレンジ win ratio is 65%, and the profit factor is 2. We believe this is pretty good. We don’t want to reveal the strategy because we might publish it as a strategy for our paying subscribers for the monthly edges.

Reasons not to trade opening range breakouts

The market オープニングレンジ オープニングレンジ has completely changed since Tony Crabel wrote his best-selling book. ORB strategies don’t work as well as they used to.

One of the reasons is the multiple false breakouts. The price might break out only to reverse and head in the opposite direction moments later. Another reason is オープニングレンジ オープニングレンジ that most of the gains have come during the night session. We have covered this in a separate article called overnight edges and strategies.

A second reason is the enormous computer power that scans zillion of possibilities. This means strategies are “arbed” away pretty soon.

A third reason オープニングレンジ オープニングレンジ オープニングレンジ is what we established at the beginning of the article: high and low for the whole trading day are more likely to happen in the morning and at the close. If you are trading ORB then you might arrive too late to the party.

That said, if オープニングレンジ オープニングレンジ you look at specific stocks you might get better results. Indices are just averages while tickers or stocks might have a life of their own, especially when they are in play. The beauty of the stock market is that there are endless opportunities to tweak and do research.オープニングレンジ オープニングレンジ

Summary:

To sum up, we can safely say the opening range breakout strategies are much less relevant now than they used to be, at least for the most traded futures contracts or ETFs.

We recommend adding some daily filters but don’t risk overfitting your opening range breakout strategies!

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