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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.

Amgen Inc. (AMGN)

+ Open Price Strategy

@ 2 h

1.27

Risk Reward

149.15 %

Total ROI

576

Total Trades

Tesla, Inc. (TSLA)

+ Open Price Strategy

@ 30 min

1.24

Risk Reward

1,755.03 %

Total ROI

638

Total Trades

SPDR S&P 500 ETF TRUST (SPY)

+ Open Price Strategy

@ 2 h

1.24

Risk Reward

81.38 %

Total ROI

608

Total Trades

U.S. TREASURY BOND FUTURES (ZB1!)

+ Open Price Strategy

@ 30 min

1.22

Risk Reward

15.67 %

Total ROI

606

Total Trades

TOTALENERGIES (TTE)

+ Open Price Strategy

@ 15 min

1.21

Risk Reward

45.94 %

Total ROI

575

Total Trades

Thermo Fisher Scientific Inc (TMO)

+ Open Price Strategy

@ 30 min

1.20

Risk Reward

149.09 %

Total ROI

583

Total Trades

CrowdStrike Holdings, Inc. (CRWD)

+ Open Price Strategy

@ 2 h

1.20

Risk Reward

513.75 %

Total ROI

595

Total Trades

Booking Holdings Inc. Common Stock (BKNG)

+ Open Price Strategy

@ 1 min

1.18

Risk Reward

4.45 %

Total ROI

59

Total Trades

Meta Platforms, Inc. (META)

+ Open Price Strategy

@ 2 h

1.17

Risk Reward

248.97 %

Total ROI

595

Total Trades

10 Year T-Note Futures (ZN1!)

+ Open Price Strategy

@ 30 min

1.17

Risk Reward

5.94 %

Total ROI

598

Total Trades

AT&T Inc. (T)

+ Open Price Strategy

@ 2 h

1.16

Risk Reward

87.32 %

Total ROI

596

Total Trades

Tesla, Inc. (TSLA)

+ Open Price Strategy

@ 15 min

1.16

Risk Reward

402.74 %

Total ROI

411

Total Trades
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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.

45
Backtests run
1.1
Avg profit factor
+221%
Avg net profit
+22%
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 216% over the same window.

Performance by asset class

MarketBacktestsAvg profit factorAvg net profitAvg max drawdownAvg Sharpe
Stocks7141.1+230%50%0.16
Forex884%

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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