DAX Breakout 08:30-09:00 Max 1 Trade/Day — Strategy by MatteoSan84
By MatteoSan84
Performance Metrics
- Author: MatteoSan84
- Symbol: PURPLETRADING:GER40
- Timeframe: 5 minutes
- Net P&L: +439.88 EUR (+4.40%)
- Win Rate: 38.2%
- Profit Factor: 1.124
- Max Drawdown: 1,663.27 EUR (15.12%)
- Total Trades: 34
Description
Overview:This is a momentum strategy designed for the Germany 40 (DAX) index, focusing on the volatility of the European market open. It identifies a price "box" during the first 30 minutes of the session and trades the breakout of that range.1. Timeframe & Session:Timeframe: 5-minute chart.Observation Window: 08:30 to 09:00 (CET/Berlin Time).Execution: Only 1 trade per day to avoid overtrading.2. Entry Conditions (Long Only):Define the High and Low of the 08:30–09:00 range (including wicks).Enter Long when a 5-minute candle closes above the Range High.3. Risk Management:Position Sizing: Fixed risk of €250 per trade. The quantity is dynamically calculated based on the distance between the entry price and the Stop Loss.Stop Loss (SL): Placed at the 50% retracement (midpoint) of the 08:30–09:00 range.Take Profit (TP): Set at a minimum of 2:1 Reward-to-Risk (RR) ratio relative to the initial SL distance.4. Trade Management (Break-even Logic):The 0.5 Fibonacci Trigger: Once price reaches 50% of the distance between the entry and the Take Profit target, the Stop Loss is automatically moved to Break-even (Entry Price) to protect capital and ensure a "risk-free" trade.Release NotesVersion reloaded