ORX

Market: Micro E-mini Nasdaq-100 (MNQ) · Chart: 15-minute · Direction: long and short · Size: 1–2 contracts

What it does

ORX watches the first part of the trading day, called the opening range. When price breaks out of that range with strength, ORX trades in the direction of the break. Every trade has a stop and a profit target. ORX closes its trade before the end of the day.

Why it’s in the portfolio

Big moves often start near the open. ORX tries to catch those moves and is flat by the end of the day, so it holds no positions overnight.

What to expect

Some days have no trade.
Breakout strategies have streaks of small losses, then larger wins.
It works best when the Nasdaq is moving, and is weaker in quiet, choppy markets.

See full results on ziontradingalgos.com/strategies.