OPEN-SOURCE SCRIPT
Market Open Break
MNQ 09:30 Breakout
Captures momentum breakouts from the opening candle of the New York session on MNQ (Micro Nasdaq
Futures).
Concept
The 09:30 ET candle defines the anchor range for the day — its high and low become the key
levels. A close above the anchor high triggers a long; a close below the anchor low triggers a
short. The strategy trades the initial momentum burst right at the open, when volatility and
directional conviction tend to be highest.
Entry Rules
- Entry occurs on the candle that crosses the anchor level (previous close inside the range,
current close outside)
- To re-enter on the same day, price must break the opposite side first — no consecutive trades
in the same direction
- Trading window: 09:31–11:30 ET only
Exit Rules
- Stop loss: opposite anchor level (anchor low for longs, anchor high for shorts)
- Take profit: configurable % of entry price (default 0.10%)
- Max SL filter: trade is skipped if the SL distance exceeds the configured % threshold (default
0.30%)
- Time stop: all positions closed at 11:31 ET
- Consecutive loss protection: trading paused after 2 back-to-back losing days
Parameters
┌────────────────┬─────────┬───────────────────────────────────┐
│ Input │ Default │ Description │
├────────────────┼─────────┼───────────────────────────────────┤
│ Contracts │ 1 │ Position size │
├────────────────┼─────────┼───────────────────────────────────┤
│ TP % │ 0.10% │ Profit target as % of entry price │
├────────────────┼─────────┼───────────────────────────────────┤
│ Max SL % │ 0.30% │ Max allowed stop distance │
├────────────────┼─────────┼───────────────────────────────────┤
│ Max Trades/Day │ 3 │ Daily trade cap │
└────────────────┴─────────┴───────────────────────────────────┘
Recommended: MNQ1! · 1-minute chart · Commission $0.25/contract
Captures momentum breakouts from the opening candle of the New York session on MNQ (Micro Nasdaq
Futures).
Concept
The 09:30 ET candle defines the anchor range for the day — its high and low become the key
levels. A close above the anchor high triggers a long; a close below the anchor low triggers a
short. The strategy trades the initial momentum burst right at the open, when volatility and
directional conviction tend to be highest.
Entry Rules
- Entry occurs on the candle that crosses the anchor level (previous close inside the range,
current close outside)
- To re-enter on the same day, price must break the opposite side first — no consecutive trades
in the same direction
- Trading window: 09:31–11:30 ET only
Exit Rules
- Stop loss: opposite anchor level (anchor low for longs, anchor high for shorts)
- Take profit: configurable % of entry price (default 0.10%)
- Max SL filter: trade is skipped if the SL distance exceeds the configured % threshold (default
0.30%)
- Time stop: all positions closed at 11:31 ET
- Consecutive loss protection: trading paused after 2 back-to-back losing days
Parameters
┌────────────────┬─────────┬───────────────────────────────────┐
│ Input │ Default │ Description │
├────────────────┼─────────┼───────────────────────────────────┤
│ Contracts │ 1 │ Position size │
├────────────────┼─────────┼───────────────────────────────────┤
│ TP % │ 0.10% │ Profit target as % of entry price │
├────────────────┼─────────┼───────────────────────────────────┤
│ Max SL % │ 0.30% │ Max allowed stop distance │
├────────────────┼─────────┼───────────────────────────────────┤
│ Max Trades/Day │ 3 │ Daily trade cap │
└────────────────┴─────────┴───────────────────────────────────┘
Recommended: MNQ1! · 1-minute chart · Commission $0.25/contract
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.