This automated trading system is based on the Open Price Range (OPR) strategy, calculated over the first 15 minutes of the trading session.
When the price breaks through the OPR, and filters validate the signal, a position is taken in the direction of the breakout (long/short). The filters optimise performance by preventing positions from being taken when conditions are not optimal: high volatility in the upper time frame, excessive volatility in the lower time frame, and trend in the upper time frame.
The position is immediately protected by an initial stop, which then becomes a trailing stop according to the trading algorithm’s criteria. The trade is exited via the trailing stop. If the trailing stop is not triggered, the position is closed on a contrary signal or 10 minutes before the opening of the next session. When a position is stopped, the trading robot may re-enter a position in the same direction if a pullback on the OPR is confirmed.
The trade may be held overnight if the conditions are met, but no trades are held over the weekend. All positions will be closed on Friday 5 minutes before the end of the session.
The automated trading system has been developed and optimised over a period of nearly 6 years to achieve a robust, long-term trading algorithm that has already withstood various market conditions (range-bound, bullish, bearish, volatile, etc.).
Presented results below were achieved with one contract Micro Nasdaq (MNQ), without reinvesting the gains made, comissions included and 0.5 point spread.
⚠️ Best performances are achieved on Mini Nasdaq (NQ), while remaining close on Micro nasdaq (MNQ). Due to the "Value per point / fee per contract" ratio wich is more attractive on NQ.
User guide :
Disclaimer
Our proposed tools (indicators and screeners) are not investment advices but tools allowing everyone to find specific graphic configurations.
Investing in the financial markets involves risks up to and including the total loss of capital.
The user of the proposed tools understands and accepts that the use of these tools is under his sole and entire responsibility. P2C Trading declines all responsibility in the use of the tools and the consequences that would result.
Download guide
