Market Open Break — Strategy by Bnf6082
By Bnf6082
Performance Metrics
- Author: Bnf6082
- Symbol: CME_MINI:MNQ1!
- Timeframe: 1 minute
- Win Rate: 80.6%
- Profit Factor: 2.108
Description
MNQ 09:30 Breakout Captures momentum breakouts from the opening candle of the New York session on MNQ (Micro Nasdaq Futures). Concept The 09:30 ET candle defines the anchor range for the day — its high and low become the key levels. A close above the anchor high triggers a long; a close below the anchor low triggers a short. The strategy trades the initial momentum burst right at the open, when volatility and directional conviction tend to be highest. Entry Rules - Entry occurs on the candle that crosses the anchor level (previous close inside the range, current close outside) - To re-enter on the same day, price must break the opposite side first — no consecutive trades in the same direction - Trading window: 09:31–11:30 ET only Exit Rules - Stop loss: opposite anchor level (anchor low for longs, anchor high for shorts) - Take profit: configurable % of entry price (default 0.10%) - Max SL filter: trade is skipped if the SL distance exceeds the configured % threshold (default 0.30%) - Time stop: all positions closed at 11:31 ET - Consecutive loss protection: trading paused after 2 back-to-back losing days Parameters ┌────────────────┬─────────┬───────────────────────────────────┐ │ Input │ Default │ Description │ ├────────────────┼─────────┼───────────────────────────────────┤ │ Contracts │ 1 │ Position size │ ├────────────────┼─────────┼───────────────────────────────────┤ │ TP % │ 0.10% │ Profit target as % of entry price │ ├────────────────┼─────────┼───────────────────────────────────┤ │ Max SL % │ 0.30% │ Max allowed stop distance │ ├────────────────┼─────────┼───────────────────────────────────┤ │ Max Trades/Day │ 3 │ Daily trade cap │ └────────────────┴─────────┴───────────────────────────────────┘ Recommended: MNQ1! · 1-minute chart · Commission $0.25/contract