OPEN-SOURCE SCRIPT
GER40 Opening Range Breakout (Simple)
✅ GER40 Opening Range Breakout Strategy — Trading Plan
🎯 Objective:
Capture early momentum after the Frankfurt open by trading breakouts of the initial 15-minute range.
📌 Rules Summary:
Instrument: GER40 (DAX40)
Timeframe: 5-minute or 15-minute chart
Session Focus: 08:00–10:00 CET
Opening Range: 08:00–08:15 CET
🛠 Entry Conditions:
Long entry: Price breaks above the 08:00–08:15 high with volume confirmation.
Short entry: Price breaks below the 08:00–08:15 low with volume confirmation.
Optional confirmation: RSI > 50 for long, RSI < 50 for short.
🎯 Objective:
Capture early momentum after the Frankfurt open by trading breakouts of the initial 15-minute range.
📌 Rules Summary:
Instrument: GER40 (DAX40)
Timeframe: 5-minute or 15-minute chart
Session Focus: 08:00–10:00 CET
Opening Range: 08:00–08:15 CET
🛠 Entry Conditions:
Long entry: Price breaks above the 08:00–08:15 high with volume confirmation.
Short entry: Price breaks below the 08:00–08:15 low with volume confirmation.
Optional confirmation: RSI > 50 for long, RSI < 50 for short.
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