Open Price Strategy

Script from: TradingViewIntradayPrice actionMarket structureBreakoutPullbackTrend followingMomentumBotORBReversalVolumeVolatility

This strategy trades based on the daily open price. Go long when the price is above the open and short when it's below, swapping your position if the price crosses the open line. You can set specific time windows for entries and a final exit time. To improve entries and avoid whipsaws, add EMA/CMF filters or require an EMA to cross the open line before entering a trade, confirming the momentum.

Top 43 Backtests of Open Price Strategy

Explore the most profitable cryptocurrency and stock backtests with Open Price Strategy (on TradingView).

Filters

Amgen Inc. (AMGN)

+ Open Price Strategy

@ 2 h

1.30

Risk Reward

171.97 %

Total ROI

592

CrowdStrike Holdings, Inc. (CRWD)

+ Open Price Strategy

@ 2 h

1.29

Risk Reward

766.31 %

Total ROI

608

U.S. TREASURY BOND FUTURES (ZB1!)

+ Open Price Strategy

@ 30 min

1.24

Risk Reward

17.10 %

Total ROI

626

TOTALENERGIES (TTE)

+ Open Price Strategy

@ 15 min

1.23

Risk Reward

47.66 %

Total ROI

575

Thermo Fisher Scientific Inc (TMO)

+ Open Price Strategy

@ 30 min

1.22

Risk Reward

161.72 %

Total ROI

592

Tesla, Inc. (TSLA)

+ Open Price Strategy

@ 30 min

1.21

Risk Reward

1,605.95 %

Total ROI

651

Booking Holdings Inc. Common Stock (BKNG)

+ Open Price Strategy

@ 1 min

1.18

Risk Reward

4.45 %

Total ROI

AT&T Inc. (T)

+ Open Price Strategy

@ 2 h

1.18

Risk Reward

100.20 %

Total ROI

605

Tesla, Inc. (TSLA)

+ Open Price Strategy

@ 15 min

1.16

Risk Reward

322.67 %

Total ROI

410

10 Year T-Note Futures (ZN1!)

+ Open Price Strategy

@ 30 min

1.15

Risk Reward

5.57 %

Total ROI

613

Meta Platforms, Inc. (META)

+ Open Price Strategy

@ 2 h

1.15

Risk Reward

230.70 %

Total ROI

605

Salesforce, Inc. (CRM)

+ Open Price Strategy

@ 2 h

1.14

Risk Reward

204.38 %

Total ROI

621

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Active Trades

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Open Price Strategy backtest statistics

Aggregated across every validated backtest TradeSearcher has run on this strategy. Figures update automatically as new backtests are added — they are not edited by hand. Classified as intraday by holding period.

Backtests run

1.1

Avg profit factor

+202%

Avg net profit

+21%

Avg annualized return

49%

Avg max drawdown

0.16

Avg Sharpe ratio

On average, backtests of this strategy beat a buy-and-hold baseline by 193% over the same window.

Performance by asset class

Market	Backtests	Avg profit factor	Avg net profit	Avg max drawdown	Avg Sharpe
Stocks	713	1.1	+211%	50%	0.16
Forex	88	—	—	4%	—

Backtests use the validated-universe filter: non-repainting scripts, over 15 trades, non-excluded. Per-market rows appear only when at least one backtest exists for that asset class.

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