Opening Range Breakout Trading

WinAtTrading

Junior member
41 1
Opening Range Breakout Trading

Instrument - US Stocks, Both Nasdaq & NYSE

Basic Strategy:

Opening Range is the first 30 minutes of the trading day
Go short when the price closes below the 30 minute low
Go long when the price closes above the 30 minute high
Stop loss set below the 25 EMA.
Close the trade when the price closes below the 20 EMA.
 

WinAtTrading

Junior member
41 1
Any record for this strat?
Here are some results from the last few weeks:

Note: If you are trading the stock then Profit / Loss is amount per share traded
If you are Spreadbetting in the UK then Profit / Loss is multiplied by amount per point

Week 40, 1st Oct: 5 Trades, -$1.67 loss
Week 40, 2nd Oct: 1 Trades, +$9.52 profit
Week 40, 3rd Oct: 4 Trades, -$0.83 loss
Week 40, 4th Oct: 3 Trades, -$1.56 loss
Week 40, 5th Oct: 3 Trades, +$11.88 profit
Totals 16 Trades, +$17.34 profit
i.e. Trading 1000 shares = $17,340 less commissions
Spread betting @£1 pp = £1734 less commissions

Week 41, 8th Oct: 1 Trades, +$0.49 profit
Week 41, 9th Oct: 3 Trades, -$0.41 loss
Week 41, 10th Oct: 6 Trades, -$0.43 loss
Week 41, 11th Oct: 5 Trades, -$0.76loss
Week 41, 12th Oct: 5 Trades, +$3.04 profit
Totals 20 Trades, +$1.93 profit
i.e. Trading 1000 shares = $1,930 less commissions
Spread betting @£1 pp = £193 less commissions

Week 42, 15th Oct: 7 Trades, -$1.05 loss
Week 42, 16th Oct: 9 Trades, +$4.87 profit
Week 42, 17th Oct: 7 Trades, +$1.34 profit
Week 42, 18th Oct: 6 Trades, -$1.22 loss
Week 42, 19th Oct: 7 Trades, +$0.50 profit
Totals 36 Trades, +$4.44 profit
i.e. Trading 1000 shares = $4,440 less commissions
Spread betting @£1 pp = £444 less commissions

Week 45, 5th Nov: 4 Trades, -$1.54 loss
Week 45, 6th Nov: 5 Trades, +$0.60 profit
Week 45, 7th Nov: 6 Trades, -$0.46 loss
Week 45, 8th Nov: 8 Trades, +$5.10 profit
Week 45, 9th Nov: 5 Trades, -$0.52 loss
Totals 24 Trades, +$3.18 profit
i.e. Trading 1000 shares = $3,180 less commissions
Spread betting @£1 pp = £318 less commissions
 

WinAtTrading

Junior member
41 1
I dont think so, but I may have.. its been a long time lol :)
 

WinAtTrading

Junior member
41 1
WATCHLIST for week 47 starting 19th November to 23rd November

SOHU
CME
CNX
CLR
CMI
LBTYA
ULTA
UTHR
LMCA
MOS
NKE
PH
PXD
URI
ONXX
MNST
LYB
IDCC
FSLR
CXO
BIDU
 

WinAtTrading

Junior member
41 1
Have made some interesting discoveries with the Opening Range Breakout Strategy research I have been doing:

Out of 53 Stock Analysed over November

Taking into account all things being equal, ie. Trading Capital, Strategy Rules etc. Risking a max of $200 per trade

27 Stocks made a profit per trade over $20
14 Stocks made a profit per trade over $50
5 Stocks made a profit per trade over $100

Profit for all 53 stocks trading the Opening Range Breakout Strategy total profit = $5397, if you had taken every trade that was suitable totalling 580 trades.

Profit per trade was up in November comparing to October @ $9.31 from $6.13.

The best month so far since research begain in August has the following results:

36 Stocks made a profit per trade over $20
18 Stocks made a profit per trade over $50
8 Stocks made a profit per trade over $100

Total profit for all 53 stocks = $15,941
Total trades = 649
Profit per trade = $24.56

Result of analysis - All in all November was an avergae month for this strategy.

Quote of the day "Beware of the pitfall of Holy Grail Hunting - it doesnt exist, only hard work and dedication will bring you rewards in trading" Zenn Trader @Zentradingcoach
 

WinAtTrading

Junior member
41 1
hi, whats happened with this strat is it still running?
The strategy is definitely profitable, and great if you have the time to put into it.

Ive personally been working on a daily bar trend following trading strategy, as i cant day trade at the moment due to work commitments.

The only way ive found to be profitable using this strategy on stocks, requires about 5 hours of research per week. plus the 3-4 hours per day trading it.

skype me and i'll give you my website details where I have a number of videos explaining the strategy in detail. skype - someshdeswardt
 

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