ONDS: Open + ATR expansion

3259% strategy
performance

681% buy&hold
performance

49% percentage
of winning trades

4.22 reward to
risk ratio

7.43% average
position return

-29.80% drawdown

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

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ONDS: Open + ATR Expansion 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: # Breakout with volume + RSI filter
  60min Chart(close) > 60min TODAYOPENINGRANGE(bars),high
  60min VOLUME(20,SMA,bars),volume ≥ 60min VOLUME(20,SMA,bars),sma by at least 30 %
  60min RSI(14,bars) < 72

Exit Conditions

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

OR ANY OF

Stop Loss

Exit if lost more than 20% (after candle closes).