Open Range Breakout ORB documentation

• 01/23/2017 at 2:16 PM #22138
  Eric

  Trading the open range breakout

  https://pdfs.semanticscholar.org/1f98/76eb8f4d43e33925cfc02d1196c773db899c.pdf

  

  Eric

  Participant

  Topics: 18

  Replies: 441

  Been thanked: 84 times
  01/23/2017 at 2:28 PM #22140
  Nicolas

  Thanks Eric, another food for thoughts.

  I jumped directly to the conclusion of this students report:

  Backtesting was performed on 250 stocks from various industry

  groups over the last five years (4/21/2005-4/21/2010).

  The project team identified 22 stocks that perform well with the Opening Range Breakout strategy explained in section 4.6.

  Accordingly to this report less than 10% of the tested stocks universe is significantly interesting for ORB. IMHO, Open Range Breakout are more tradable with indices, we have so many examples in the library and forums.

  Do you have any opinion on this document yourself?

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4774 times
  01/25/2017 at 8:38 PM #22487
  Eric

  Yes i would also prefer indices and forex before stocks

  i think the gaps and trading costs, slippage using stocks would be a problem

  i found this on a old computer i did some testing a couple of years ago but didnt found something i liked, maybe someone else is smarter and can use it

  i also read this book then https://www.amazon.com/Logical-Trader-Mark-B-Fisher/dp/0471215511

   

  

  Eric

  Participant

  Topics: 18

  Replies: 441

  Been thanked: 84 times
• Author
  Posts