Recruitment of participants Gold Opening Range Breakout Trading Strategy TradeStation

Gold Opening Range Breakout Trading Strategy TradeStation



A fast and nimble trading strategy for Gold futures contracts (@GC) that buys intra-day break-outs and sells at the open of the next trading day for easy profits.

This is a professional trading strategy, ready for real-world automation or manual trading.

Harness the power of intra-day breakouts in Gold. This innovative trading strategy capitalizes on Gold's tendency to surge higher once a new intra-day high is breached.

By strategically placing buy orders at precise locations based on recent trading activity, this strategy captures major moves in the Gold market. As more traders enter the rally and others' stops are triggered, significant forces converge to propel the price of gold upward.

Operating within the intra-day timeframe, this strategy identifies optimal exit points at the opening of the subsequent day's session. This unique approach combines the agility of intra-day signals with the potential for overnight holds, maximizing profit potential.

The key to this strategy lies in buying into strength in commodities, a proven method for achieving substantial returns.

This strategy boasts adaptability to market volatility through a dynamic position sizing function, ensuring consistent performance even in turbulent market conditions.

Developed and rigorously tested in 2016 using sophisticated statistical techniques and tools, this strategy has demonstrated its ability to thrive in real-time deployment. Its track record speaks volumes, attesting to its reliability and enduring success.




Features

Adaptive position sizing based on real-time market volatility.
Option to manually set position size.
Ready for automated trading out of the box.
Fully annotated code for easy comprehension.
Full transparency with no "black boxes."

What's Included

Quick start guide
EasyLanguage source code (.eld format)
TradeStation Workspace (.tsw format)
Full code (.txt format)
Life-time strategy updates



Learning From My Code

I think you'll find the following functions of interest to start coding and testing your own strategies!

Implemented Sub-Functions In This Strategy:

Automatic breakout detection
Automatic buy order placement
Automatic position size calculation based on volatility
Open trade management

Happy Trading!