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

1.32

Risk Reward

178.65 %

Total ROI

587

CrowdStrike Holdings, Inc. (CRWD)

+ Open Price Strategy

@ 2 h

1.27

Risk Reward

702.95 %

Total ROI

604

TOTALENERGIES (TTE)

+ Open Price Strategy

@ 15 min

1.26

Risk Reward

57.70 %

Total ROI

590

U.S. TREASURY BOND FUTURES (ZB1!)

+ Open Price Strategy

@ 30 min

1.26

Risk Reward

18.10 %

Total ROI

620

Thermo Fisher Scientific Inc (TMO)

+ Open Price Strategy

@ 30 min

1.22

Risk Reward

165.38 %

Total ROI

590

Tesla, Inc. (TSLA)

+ Open Price Strategy

@ 30 min

1.21

Risk Reward

1,603.11 %

Total ROI

648

AT&T Inc. (T)

+ Open Price Strategy

@ 2 h

1.19

Risk Reward

103.78 %

Total ROI

601

Booking Holdings Inc. Common Stock (BKNG)

+ Open Price Strategy

@ 1 min

1.18

Risk Reward

4.45 %

Total ROI

10 Year T-Note Futures (ZN1!)

+ Open Price Strategy

@ 30 min

1.17

Risk Reward

6.18 %

Total ROI

606

Tesla, Inc. (TSLA)

+ Open Price Strategy

@ 15 min

1.17

Risk Reward

425.29 %

Total ROI

420

Meta Platforms, Inc. (META)

+ Open Price Strategy

@ 2 h

1.15

Risk Reward

230.70 %

Total ROI

605

QUALCOMM Incorporated (QCOM)

+ Open Price Strategy

@ 30 min

1.15

Risk Reward

158.40 %

Total ROI

629

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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

+213%

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 205% 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	+223%	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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