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 41 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

1.27

Risk Reward

160.10 %

Total ROI

600

U.S. TREASURY BOND FUTURES (ZB1!)

+ Open Price Strategy

@ 30 min

1.21

Risk Reward

9.70 %

Total ROI

404

Salesforce, Inc. (CRM)

+ Open Price Strategy

@ 2 h

1.21

Risk Reward

310.49 %

Total ROI

633

CrowdStrike Holdings, Inc. (CRWD)

+ Open Price Strategy

@ 2 h

1.19

Risk Reward

550.88 %

Total ROI

621

Tesla, Inc. (TSLA)

+ Open Price Strategy

@ 30 min

1.18

Risk Reward

1,427.50 %

Total ROI

662

TOTALENERGIES (TTE)

+ Open Price Strategy

@ 15 min

1.18

Risk Reward

36.93 %

Total ROI

575

Booking Holdings Inc. Common Stock (BKNG)

+ Open Price Strategy

@ 1 min

1.18

Risk Reward

4.45 %

Total ROI

Thermo Fisher Scientific Inc (TMO)

+ Open Price Strategy

@ 30 min

1.18

Risk Reward

140.65 %

Total ROI

605

AT&T Inc. (T)

+ Open Price Strategy

@ 2 h

1.17

Risk Reward

95.13 %

Total ROI

618

Meta Platforms, Inc. (META)

+ Open Price Strategy

@ 2 h

1.16

Risk Reward

244.37 %

Total ROI

616

QUALCOMM Incorporated (QCOM)

+ Open Price Strategy

@ 30 min

1.14

Risk Reward

161.28 %

Total ROI

642

Salesforce, Inc. (CRM)

+ Open Price Strategy

@ 4 h

1.13

Risk Reward

178.12 %

Total ROI

613

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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

+191%

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 177% 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	+195%	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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