I Back-Tested the Opening Range Breakout - These are my Results!
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- เผยแพร่เมื่อ 5 ต.ค. 2024
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Man, this vid needs an update! ORB is a really solid strategy but I'd love to see some additional backtesting. Maybe pair the strategy with a 1% trailing stop after that 1:1 level. Might be able to grab more of that continuation.
YOu need to test across 100 symbols for 2 years and across market hazards
So, do the failures come from days where the market chops around at the open ?
Thanks for the info! Are you doing this back testing manually or do you use a software to do this for you?
I would like to know this as well
Make sure the ATR is small in the first candle close before you trade the opening range break out
How small is small? How do I tell that the ATR is ideal or otherwise? Thanks for your help!
@@prashanth14485 if it is x1.5-2 atr get out.
Thx for sharing! Looks like this has a high win rate.
4 Green days in a row!
Still green?
I have been looking for this
Are you taking in consideration the direction of the gap?
Want to follow up again, how did it go ? Did you tested it ?
How do you set your bias (long/short) ? as soon as 1st , 5 min candle is formed, Thanks !
Whichever way the price breaks after the range is set.
This is amazing. Did you tested it further ?
Have you tried with other stocks ? So that u can c what value it has
Very interesting. Tx for sharing
No problem. Thanks for watching!
Thanks great vid
Good work John I've been looking at a similar strategy
Yeah, it works well. Will update you once I am done with the paper trading portion of my testing.
Is you backtesting performed manually? Or is there any software to do so? Im really interested in learning to testout a few strategies before using real money
I saw no backtest, where are the backtest results?
the stop loss is very wide , I think its better to find a close stop
Or size down.
Legend.
I would like more videos like this
Best time frame of ORB? ...
5 min
nice break down !!
Thanks bro!
Why a 1:1?
You should backtest 1 to 2 risk to reward ratio
Is it eyeball back test?
Good stuff.
Good info!!!
Thanks brotha!
Where did you learn how to back test?
I taught myself using my own method for the most part. I give myself a success and failure level for the strategy I use and that allows me to test it easily.
When you back tested this strategy when you were successful was there news behind the stock
I honestly did not analyze that. Most of the time it is the microchip sector moving so
grea video
update?
Why are you paper trading 1k shares? I just see you rarely if ever pass 200-300 shares in TEFS so I was wondering the thought process...
Because I wanted to start trading this strategy starting with 1k shares once I am done testing it. Plus, 1000 shares is easy to analyze regarding the results.
where do you stand now..what is your range? 5 min, 15 min or 30?
what made you choose the ticker AMD for this back testing strategy??
Consistent volume and reliability - easy to test on
How do you backtest a trading strategy ?
You download some sample data and you write a script to read that data from beginning to end, and record how the trades would have gone. It's like building a stock trading bot, but all the trades are simulated, and the data is not live data, it's historical and read from disk.
Damn, $AMD at around $20 Lol
You didn’t give the criteria of the breakout. Is the breakout of the first 5 min candle based on price just exceeding the first candle’s high/low or price CLOSING beyond first 5 min candle’s high/low?
So I enter at the break of the high or low of first candle, setting a risk level of the opposing side of first 5 min candle.
ratio
Opening range breakout is a popular trade. Lots of futures traders use it and I recently posted a video showing myself creating the bare bones of a opening range breakout strategy for emini futures on the TT platform from Trading Technologies. You can check it out here: th-cam.com/video/uIHOdV_TIdQ/w-d-xo.html
good work, however use excel for christ's sake.
I am not great with Excel lol. I make Wordpad work though
Have to learn it, you'll need it if you wanna trade for years. Trust me. Learn rather earlier than later.
Tradet and meir barak? You've lost your credibility.
Yeah, judge me on something from 4 years ago! Ignore the fact that I was one of the first people posting backtesting videos on YT and instead hate a sponsor of mine at the time lol Good day sir
@@BeginnerTrading and yet you decide to keep the video up. I only know after commenting which most don't. Good day sir.
@@jasonstazm All good man. It's all love here bro. I think that video has value - regardless of sponsor of time which you can see there is no link anymore.