ONDS: 1h ORB hold till EMA20 break

2159% strategy
performance

723% buy&hold
performance

46% percentage
of winning trades

4.15 reward to
risk ratio

6.29% average
position return

-38.30% drawdown

A long strategy created by TrendSpider on TrendSpider. Tested at of ONDS, 1 hour.

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ONDS 1hr ORB hold until 20EMA Break Strategy

Chart type the strategy tested at: Bars. Market data: regular session. Trade by: open. Backtest results as of .

Entry Conditions

All of the following: # Price above OR high, vol surge
  60min Chart(close) > 60min TODAYOPENINGRANGE(bars),high
  60min VOLUME(20,SMA,bars),volume ≥ 60min VOLUME(20,SMA,bars),sma by at least 30 %

Exit Conditions

All of the following: # Close crosses below EMA(20)
  60min EMA(20,bars) Crosses ↘ 60min Chart(close)