It has been awhile since I have been back futures.io (formerly BMT)....WOW how it's GROWN!!! Amazing the talent level that is present on this forum....all members should give thanks!
Anyway I needed to step away but I am trying to get back.
I was hoping one of the programing guru's can help me with this. I would like to have a strategy built off of the ORB indicator by either Cory's or Fat Tails. I really wanted to be able to backtest and get some reliable statistics from the data.
Here are the setups.
1)Open times can be changed based on the different opens for different equities currency's, notes, etc
2) ATR Trailing stop is a filter. If price is above only long entry....and if price is below only shorts
3) Only one entry per trading day per direction. (see attached chart )
4) Target is based off of opening range amount....if my open range is 7 ticks then 7 ticks is my target.
5) Stop loss would be either the oppisite end of range or set below ATR Ratio approximately 1:1
I am just looking at 1 contract for now but if this strategy is feasible I would like to add additional contracts as trailing based off the rising or falling ATR.