Morgpy Risk Box — Strategy by williamdj33
By williamdj33
Performance Metrics
- Author: williamdj33
- Symbol: BLACKBULL:US30
- Timeframe: 5 minutes
- Net P&L: +623.50 USD (+0.06%)
- Win Rate: 57.5%
- Profit Factor: 1.393
- Max Drawdown: 407.00 USD (0.04%)
- Total Trades: 40
Description
The Morppy Risk Box is an intraday breakout strategy based on constructing a price box defined between 5:00 AM and 9:30 AM. During this interval, the highest and lowest prices reached by the asset are recorded, forming a reference range.Once the box period ends, the strategy waits for the first candlestick that breaks and closes outside these limits. This breakout is interpreted as an entry signal:- Buy (long): if the first candlestick closes above the box's high.- Sell (short): if the first candlestick closes below the box's low.The logic includes a filter that ensures only one trade is executed per day, preventing multiple entries in the same direction.