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First-hour-breakout-system

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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
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First hour breakout system.txt
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