Opening Range Breakout

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Boot Camp Lessons

Lesson Overview


In this lesson we will implement an opening range breakout strategy. This strategy predicts a breakout if the price leaves the range of the first 30 minutes of trading.

What You'll Learn

  • Using a consolidator to create a time bar
  • Creating an event handler
  • Taking a position depending on the high and low of the opening range
  • Using a scheduled event to close a position

Lesson Requirements

We suggest you complete Momentum Based Tactical Allocation before starting this lesson.

Lesson Content

Status
InitializationStatus
Creating a Consolidator
Determining Strategy EntryStatus
Bar Data and Bar Time
Taking PositionsStatus
Using the Output of the Consolidator
Scheduling Events

About the Author

QuantConnect Team

Selected group of pseudo-humans that can type without looking at the keyboard and use a super advanced neural network to transform coffee and orange juice into code.