Kz GC1! ORB

Strategy that trades breakouts on GC1! futures on the 5min timeframe. It also works on MGC1! for lower drawdown and to manage Apex and Top Step accounts with the lower risk.

Risk Disclaimer:
Past results as well as strategy tester reports do not indicate future performance. Guarantees do not exist in trading. By using this strategy you risk losing all your money.

Important:
It trades all days that markets are open. Set times may be seen on settings. Trades multiple times a day sometimes.
It works on the 5 and 15min timeframe only. Results are better on 5min timeframe.
The settings are optimized already for GC1! on the 5min timeframe.

How it works:
Every trading day it measures the range of the first 15min candle of pre-selected hours. As soon as price closes above or below on the 15min timeframe, it will trade the breakout targeting a set risk to reward ratio. SL on the opposite side of the range.



Settings:

• Hourly Trading Hours: These are the times that worked best for this strategy. All boxes should be checked for best results. Excluded times were when it performed bad which is why those times have been left out.
  
  
• ORB Formation Period: This setting determines on which timeframe candle has to close outside the opening range box in order to take a trade. It's set to 15min by default because this is what worked by far the best
  
  
• Entry Type: Entries are immediate instead of waiting for a pull back to enter on a limit order.
  
  
• Limit Orders: If enabled, the strategy will place a pending order x points from the current price, instead of a market order. Immediate orders are enabled by default for a better performance. Important: It doesn't actually place a limit order. The strategy will just wait for a pullback and then enter with a market order. It's more like a hidden limit order.
  
  
• Limit Order Offset Points: If you have limit orders enabled, this setting determines how many points from the current price the limit order will be placed.
  
  
• FVG Detection Type: How fast it detects the fair value gaps. Standard detection over immediate had better performance
  
  
• Risk Type: You can chose either between Fixed USD Amount, Risk per Trade in % or Fixed Contract Size. By default it's set to fixed contract size.
  
  
• Risk Amount (USD or Contracts): This setting is to set how many USD or how many contracts you want to risk per trade. Make sure to check which risk type you have selected before you choose the risk amount.
  
  
• Take Profit Multiplier: This is simply the total SL size in points multiplied by x.
  Example: If you put 2, you get a 2:1 Risk to Reward Ratio. By Default it's set to 2.5 because this gave the best results in backtests.
  
  
• Stop Loss Padding: This is simply the buffer in points that is added to the SL for safety reasons. If you have it on 0, the SL will be at the exact price of the opposite side of the range. By default it's set to 5 because this is what delivered the best results in backtests.
  
  
• Stop Loss Placement: This determines where the stop loss gets placed for the order. It has been set to ORB Range by default as this delivered the best results.
  
  
• Max Trades Per Hour: This allows the user to decide how many trades are taken an hour. 1 is been set to default for best results
  
  
• Visual Settings: Check boxes to show orb range, FVG's, Entry points, and trade visualization boxes.
  

Backtest Settings:
For the backtest the commissions were set to 1.29USD per contract and .35USD for micros which is the highest amount Tradovate charges Margin was not accounted for because typically on prop accounts you can use way more contracts than you need for the extremely low max drawdown. Margin would be important on personal accounts but even there typically it's not an issue at all especially because this strategy runs on the 15min timeframe so it won't use a lot of contracts anyways.

Why the source code is hidden:
The source code is hidden because I invested a lot of time and money into developing this strategy and optimizing it with paid 3rd party software.