OPEN-SOURCE SCRIPT
NYBREAKOUT by Fliux
Strategy Concept
This strategy captures high-probability breakout moves by defining a tight 30-minute range during low-volatility hours and trading the first clear break beyond that range with a 2:1 reward-to-risk ratio.
Key Benefits
Simplicity: Clear, time-based range and mechanical entries/exits.
Defined R:R: Automatic 2:1 target ensures consistent risk management.
Time-filtered: Trades only the initial breakout of a calm, pre-session range.
How to Use
Add to Chart: Paste the Pine Script into TradingView’s Pine Editor, then click Add to Chart.
Backtest: Open Strategy Tester to review net profit, drawdown, win rate, and profit factor.
Optimize: Adjust stop-loss offset, R:R ratio, or session window parameters to suit different instruments or volatility regimes.
This strategy captures high-probability breakout moves by defining a tight 30-minute range during low-volatility hours and trading the first clear break beyond that range with a 2:1 reward-to-risk ratio.
Key Benefits
Simplicity: Clear, time-based range and mechanical entries/exits.
Defined R:R: Automatic 2:1 target ensures consistent risk management.
Time-filtered: Trades only the initial breakout of a calm, pre-session range.
How to Use
Add to Chart: Paste the Pine Script into TradingView’s Pine Editor, then click Add to Chart.
Backtest: Open Strategy Tester to review net profit, drawdown, win rate, and profit factor.
Optimize: Adjust stop-loss offset, R:R ratio, or session window parameters to suit different instruments or volatility regimes.
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.