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Trading System Development: Trading the Opening Range Breakouts A Inter Qualifying Project Submitted to the Faculty of WORCESTER POLYTECHNIC INSTITUTE in partial fulfillment of the requirements for.

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When the price action breaks out of the opening range, enter a trade. Open the trade in the direction of the breakout whether uptrend or downtrend. Place a stop loss in the middle of the opening range. Stay in the trade for a minimum price move which is equal to the size of the morning gap.

A breakout at 9:55 a.m. above the opening range and the previous day's high gives traders an indication of further upside intraday momentum, and to favor long positions over short positions. Stop-loss orders could sit below the breakout candle or beneath the opening range low, depending on preferred risk tolerance.

By default, the code uses a 60min range breakout from the market open. However, Parameters can be changed from the Parameter window.

It focuses on the gap size between the opening high and low. However, the trader has to follow certain rules in this trade. First, they need to enter the market before the 5-minutes opening candle, along with volume confirmation. In simple words, if there is a high volume, it indicates a breakout candle.

What Is the Opening Range? The opening range (OR) describes a security's high and low price for a short period just after the market opens, often the first fifteen minutes of the trading day.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232