Does The 8AM ORB Work?๐ญ #tradingstrategy
About this lesson
(Part 2 of 2) Does the 8AM opening range breakout strategy actually work long-term, when implemented programmatically and executed perfectly? The answer is a resounding no. This video covers how to trade the 8AM ORB as described by @RP.Profits1 , how I implemented it programmatically, and how it performs in a 5-year backtest. We then simulate deployment of the strategy on a prop firm evaluation account to bootstrap statistics regarding pass likelihood, patterns of failure, etc. #openingrangebreakout #orbstrategy #quantitativefinance #quant #finance
Original Description
(Part 2 of 2) Does the 8AM opening range breakout strategy actually work long-term, when implemented programmatically and executed perfectly? The answer is a resounding no. This video covers how to trade the 8AM ORB as described by @RP.Profits1 , how I implemented it programmatically, and how it performs in a 5-year backtest. We then simulate deployment of the strategy on a prop firm evaluation account to bootstrap statistics regarding pass likelihood, patterns of failure, etc. #openingrangebreakout #orbstrategy #quantitativefinance #quant #finance
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