Opening Range Breakout System using Super Template | CQG News
Summary
We have a very small opening range, and the market breaks out to the up side and builds a new distribution almost 300 points higher. In order to use the breakout scenario, we actually do not need Market Profile to get this done in our backtesting and auto execution environment. As a first step, copy the super template into a new trading system: in this example, ORBreak for Opening Range Breakout. On January 16 we had a narrow initial trading range with a false short breakout that caused a 1100€ loss. In order to rule out the first false short breakout, we need to add 34 ticks (17 Points = 425€) to the opening range line.
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Fintech & Banking
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Data Management
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Financial Software
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Market Data Software
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CQG
$50M to $100M