Title:
First-hour-breakout-system
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Description: First hour breakout system
The system takes positions if the price exceeds the range determined in the first hour of the day, using a moving average as a filter.
Entry rules
Buy at breakout of first hour s high plus one tick, if 9-period moving average is rising
Short at breakdown of first hour s low minus one tick, if 9-period moving average is declining
Take one position only during a trading session
Exit rules
Exit at a 0.5 stop loss
Exit at a 1.0 profit target
Exit at market at last bar of the day (16:00)
Requires intraday data
To Search:
File list (Check if you may need any files):
First hour breakout system.txt
