Introduction - If you have any usage issues, please Google them yourself
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