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

CrowdStrike Holdings, Inc. (CRWD)

+ Open Price Strategy

@ 2 h

1.28

Risk Reward

759.55 %

Total ROI

613

U.S. TREASURY BOND FUTURES (ZB1!)

+ Open Price Strategy

@ 30 min

1.24

Risk Reward

17.20 %

Total ROI

631

Amgen Inc. (AMGN)

+ Open Price Strategy

@ 2 h

1.23

Risk Reward

138.45 %

Total ROI

596

Thermo Fisher Scientific Inc (TMO)

+ Open Price Strategy

@ 30 min

1.22

Risk Reward

162.15 %

Total ROI

596

Salesforce, Inc. (CRM)

+ Open Price Strategy

@ 2 h

1.21

Risk Reward

303.56 %

Total ROI

627

TOTALENERGIES (TTE)

+ Open Price Strategy

@ 15 min

1.21

Risk Reward

44.57 %

Total ROI

587

Tesla, Inc. (TSLA)

+ Open Price Strategy

@ 30 min

1.19

Risk Reward

1,480.04 %

Total ROI

655

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

1.16

Risk Reward

90.56 %

Total ROI

609

10 Year T-Note Futures (ZN1!)

+ Open Price Strategy

@ 30 min

1.16

Risk Reward

5.79 %

Total ROI

619

Meta Platforms, Inc. (META)

+ Open Price Strategy

@ 2 h

1.15

Risk Reward

232.47 %

Total ROI

612

Tesla, Inc. (TSLA)

+ Open Price Strategy

@ 15 min

1.14

Risk Reward

280.75 %

Total ROI

413

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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

+211%

Avg net profit

+21%

Avg annualized return

49%

Avg max drawdown

0.15

Avg Sharpe ratio

On average, backtests of this strategy beat a buy-and-hold baseline by 201% over the same window.

Performance by asset class

Market	Backtests	Avg profit factor	Avg net profit	Avg max drawdown	Avg Sharpe
Stocks	716	1.1	+221%	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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