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Market Open Break

664
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

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