US Open Breakout Strategy

NAS100 US Open Breakout Strategy with Persistent Stop Loss and Take Profit Levels.

This strategy identifies the breakout range during the New York session open (9:30 - 10:00 AM NY time) by capturing the high and low prices in this interval.

- After the session ends, it draws horizontal lines representing the high and low of the opening range.
- The strategy signals a long entry when the price crosses above the high of the opening range.
- It signals a short entry when the price crosses below the low of the opening range.
- Stop loss is set at 0.5% away from the breakout level.
- Take profit is set at 1% away from the breakout level.
- Entry signals are marked with up and down triangles on the chart.
- Stop loss and take profit levels are shown as dashed lines extending for several bars after the breakout.

This approach helps traders catch early momentum after the US market opens, with clear risk management through fixed stop loss and take profit levels.