Mozart’s Strategic Approach ORB EA
Assumptions:
every trading day is different
The volatility of the first regular trading hour determines the continuation of trading during the day
fixed rules
Strategic approach
Classic Open Range Breakout Strategy (ORB)
Advantages
Clearly defined entry and exit levels when activating the strategic approach
Calculation of the main parameters of the strategy during the first regular trading hour of the corresponding market
Constant chance-risk ratio
No position held overnight (intraday trading)
The model is (almost) independent of the indicators
Description of the strategy:
What tool values do you need?
The high price of the instrument from the first hour of trading
Low level from the first hour of trading
The so-called range is calculated from the difference from the high price to the low price
At the same time, this range is the maximum risk
By adding a range to the maximum, you get a target corridor to increase the installation (long trade)
Description of the strategy:
At the end of the first trading hour, the entry and exit levels are fixed
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Every time the upper limit is exceeded, a long trade is activated
Short trading is activated every time the lower limit is lowered
The opposite limit is at the same time the stop loss limit and is accompanied by a fall below the limits
There are two goals: 50% and 100% of the calculated rank
After reaching 50% of the limit, the stop loss reaches the entry level, so the rest of the trade is virtually risk-free
The minimum transaction size is 2 contracts or several of them
Where does the strategy work?
Volatility and liquidity in the market are necessary
Major indexes are possible all over the world
Focus on DAX, FDAX, SPX and Bund-Future
Individual values and Forex trading are not verified
Three main elements
Disciplines
Continuity
Psychic power
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