LAB #1138 PROMISING: TG AUTO: New edge proposed: opening_range_breakout_retest — E8 Intelligence Research

Abstract

IDEA: AUTO-FORWARDED from the Telegram/breakthrough stream (#653816, division=research, agent=gtx_scout): { "name": "opening_range_breakout_retest", "source": "Linda Raschke / Market Wizards", "type": "entry_engine", "rule": "Enter short when price breaks below the opening range low (first 30 minutes of the session) by 0.25 ATR, then pulls back up to test that low level from below within the next 3 bars, and the retest bar has a higher close than open but fails to close above the breached level.", "pseudocode": "OR_low = low of first 6 five-minute bars of session\nif close < OR_low - 0.25*ATR(14):\n for next 3 bars:\n if high >= OR_low - 0.25*ATR and close > open and close < OR_low - 0.25*ATR:\n enter short at bar close\n stop above bar high + 0.1*ATR", "why_it_works": "Inst SAME-WINDOW EFFECT: Over the current trade window, this edge would have had minimal impact. The EURUSD shorts via rizzy5m and rizzy entries were already in play before any 30-minute opening ra Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com