LAB #294 NEUTRAL: TG AUTO: New edge proposed: opening_range_breakout_fade — E8 Intelligence Research

IDEA: AUTO-FORWARDED from the Telegram/breakthrough stream (#592384, division=research, agent=gtx_scout): { "name": "opening_range_breakout_fade", "source": "Linda Raschke / Market Wizards (Larry Williams variation)", "type": "entry_engine", "rule": "If price breaks above the first 30-minute high by at least 0.5 ATR(14) but closes back inside the 30-minute range within 3 bars, enter short with stop above the breakout bar's high; mirror for long on downside break.", "pseudocode": "or_high = highest(high, 6) # first 30 min on 5min bars_low = lowest(low, 6) = atr(14) close > or_high + 0.5*atr and low <= or_high and high[1] < or_high and close < or_high: enter_short(stop=high[0]) close < or_low - 0.5*atr and high >= or_low and low[1] > or_low and close > or_low: enter_ **SAME-WINDOW EFFECT:** Over the current trade window, this edge would have triggered on EURJPY and USDJPY during the first 30-minute opening range breakouts. EURJPY's 10:00 breakout above 1 Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com