NY Opening Range Breakout - MA Stop

Core Concept
This strategy trades breakouts from the New York opening range (9:30-9:45 AM NY time) on intraday timeframes, designed for scalping and day trading.

Setup Requirements
Timeframe: Works on any timeframe under 15 minutes (1m, 2m, 3m, 5m, 10m)

Session: New York market hours

Range Period: 9:30-9:45 AM NY time (15-minute opening range)

Entry Rules
Long Entries:

Wait for a candle to close above the opening range high

Enter long on the next candle (before 12:00 PM NY time)

Must be above moving average if using MA-based take profit

Short Entries:

Wait for a candle to close below the opening range low

Enter short on the next candle (before 12:00 PM NY time)

Must be below moving average if using MA-based take profit

Risk Management
Stop Loss:

Long trades: Opening range low

Short trades: Opening range high

Take Profit Options:

Fixed Risk Reward: 1.5x the range size (customizable ratio)

Moving Average: Exit when price crosses back through MA

Both: Whichever comes first

Key Features
Trade Direction Options:

Long Only

Short Only

Both directions

Moving Average Filter:

Prevents entries that would immediately hit stop loss

Uses EMA/SMA/WMA/VWMA with customizable length

Acts as dynamic support/resistance

Time Restrictions:

No entries after 12:00 PM NY time (customizable cutoff)

One trade per direction per day

Daily reset of all variables

Visual Elements
Red/green lines showing opening range

Purple line for moving average

Entry and breakout signals with shapes

Take profit and stop loss levels plotted

Information table with current status

Strategy Logic Flow
Morning: Capture 9:30-9:45 range high/low

Wait: Monitor for breakout (previous candle close outside range)

Filter: Check MA condition if using MA-based exits

Enter: Trade on next candle after breakout

Manage: Exit at fixed TP, MA cross, or stop loss

Reset: Start fresh next trading day

This is a momentum-based breakout strategy that capitalizes on early market volatility while using the opening range as natural support/resistance levels.