OPEN-SOURCE SCRIPT
GC Shanghai ORB • Simple 1m Close Trigger (v6)
This is a breakout strategy for gold futures at 8:30 - 8:35 pm US central time. It marks the high and low of the 5 minute candle close, and looks for a 1 minute candle close above and below that 5 minute candle. A 1 minute bar close above triggers a long, and a close below triggers a short. 1 trade per day, with a 50 tick stop loss and 100 tick take profit on every trade. Designed to take advantage of more liquidity and volume coming in around the shanghai trading session open.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.