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 42 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

1.25

Profit Factor

159.69 %

Total ROI

610

U.S. TREASURY BOND FUTURES (ZB1!)

+ Open Price Strategy

@ 30 min

1.22

Profit Factor

10.45 %

Total ROI

418

CrowdStrike Holdings, Inc. (CRWD)

+ Open Price Strategy

@ 2 h

1.19

Profit Factor

558.21 %

Total ROI

631

Booking Holdings Inc. Common Stock (BKNG)

+ Open Price Strategy

@ 1 min

1.18

Profit Factor

4.45 %

Total ROI

Tesla, Inc. (TSLA)

+ Open Price Strategy

@ 30 min

1.18

Profit Factor

1,389.18 %

Total ROI

667

Thermo Fisher Scientific Inc (TMO)

+ Open Price Strategy

@ 30 min

1.17

Profit Factor

134.21 %

Total ROI

616

Salesforce, Inc. (CRM)

+ Open Price Strategy

@ 2 h

1.17

Profit Factor

254.92 %

Total ROI

639

TOTALENERGIES (TTE)

+ Open Price Strategy

@ 15 min

1.16

Profit Factor

33.26 %

Total ROI

590

iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX)

+ Open Price Strategy

@ 1 h

1.14

Profit Factor

326.68 %

Total ROI

636

Tesla, Inc. (TSLA)

+ Open Price Strategy

@ 15 min

1.13

Profit Factor

245.90 %

Total ROI

412

Meta Platforms, Inc. (META)

+ Open Price Strategy

@ 2 h

1.13

Profit Factor

207.36 %

Total ROI

625

AT&T Inc. (T)

+ Open Price Strategy

@ 2 h

1.12

Profit Factor

75.94 %

Total ROI

628

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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

+184%

Avg net profit

+20%

Avg annualized return

50%

Avg max drawdown

0.15

Avg Sharpe ratio

On average, backtests of this strategy beat a buy-and-hold baseline by 174% over the same window.

Performance by asset class

Market	Backtests	Avg profit factor	Avg net profit	Avg max drawdown	Avg Sharpe
Stocks	715	1.1	+193%	50%	0.15
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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