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GER40 Opening Range Breakout (Advanced)

🔥 GER40 (DAX40) Opening Range Breakout Strategy
📌 Overview:
This strategy takes advantage of the high volatility and liquidity during the Frankfurt and London session openings (8:00–10:00 CET). It’s especially suitable for day traders who want to capitalize on early momentum.
✅ Strategy Steps:
1. Mark the Opening Range (08:00–08:15 CET)
Wait for the first 15 minutes after the Frankfurt open (08:00 CET).
Draw horizontal lines at the high and low of this range.
2. Entry Rules:
Buy when price breaks above the opening range high with strong volume.
Sell (short) when price breaks below the opening range low with strong volume.
3. Confirmation (optional but helpful):
Use a momentum indicator like RSI (above 50 for long, below 50 for short) or MACD crossing above/below the signal line.
Look for volume spike at breakout for validation.
4. Stop-Loss:
Set just below the range low (for long) or above the range high (for short).
Or use a fixed pip/point stop-loss like 15–25 points depending on current volatility.
5. Take Profit / Exit:
1:1.5 to 1:2 Risk/Reward Ratio.
Or scale out at fixed points (e.g., +20, +40).
Or trail stop after price moves in favor by +20 points.
📊 Additional Filters to Improve Accuracy:
Check macroeconomic calendar (avoid entering during red news like ECB, German CPI, etc.).
Use VWAP as a dynamic support/resistance for bias direction.
Use 5-min or 15-min charts for better signal clarity.
📈 Example:
Let’s say the DAX opens at 08:00 CET, and by 08:15, the high is 18,000 and the low is 17,950.
If price breaks above 18,000 with volume and RSI > 50, enter long.
Place stop at 17,950 or slightly below.
Take profit at 18,030–18,050 or trail stop.
🧠 Pro Tips:
GER40 is highly volatile, so ensure your risk per trade is small (e.g., 1% or less).
Avoid trading around major news (ECB rate decisions, German GDP, etc.).
Best sessions for GER40: Frankfurt Open (08:00 CET) and London Open (09:00 CET).
📌 Overview:
This strategy takes advantage of the high volatility and liquidity during the Frankfurt and London session openings (8:00–10:00 CET). It’s especially suitable for day traders who want to capitalize on early momentum.
✅ Strategy Steps:
1. Mark the Opening Range (08:00–08:15 CET)
Wait for the first 15 minutes after the Frankfurt open (08:00 CET).
Draw horizontal lines at the high and low of this range.
2. Entry Rules:
Buy when price breaks above the opening range high with strong volume.
Sell (short) when price breaks below the opening range low with strong volume.
3. Confirmation (optional but helpful):
Use a momentum indicator like RSI (above 50 for long, below 50 for short) or MACD crossing above/below the signal line.
Look for volume spike at breakout for validation.
4. Stop-Loss:
Set just below the range low (for long) or above the range high (for short).
Or use a fixed pip/point stop-loss like 15–25 points depending on current volatility.
5. Take Profit / Exit:
1:1.5 to 1:2 Risk/Reward Ratio.
Or scale out at fixed points (e.g., +20, +40).
Or trail stop after price moves in favor by +20 points.
📊 Additional Filters to Improve Accuracy:
Check macroeconomic calendar (avoid entering during red news like ECB, German CPI, etc.).
Use VWAP as a dynamic support/resistance for bias direction.
Use 5-min or 15-min charts for better signal clarity.
📈 Example:
Let’s say the DAX opens at 08:00 CET, and by 08:15, the high is 18,000 and the low is 17,950.
If price breaks above 18,000 with volume and RSI > 50, enter long.
Place stop at 17,950 or slightly below.
Take profit at 18,030–18,050 or trail stop.
🧠 Pro Tips:
GER40 is highly volatile, so ensure your risk per trade is small (e.g., 1% or less).
Avoid trading around major news (ECB rate decisions, German GDP, etc.).
Best sessions for GER40: Frankfurt Open (08:00 CET) and London Open (09:00 CET).
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開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。