2 Main Strategies I Use for Prop Firms

I have 2 main strategies that I will use for prop firms specifically. Strategy number 1, opening range breakout variation 1, 30 minutes. Take the first 30-minute candle of the NASDAQ future, plot the high, plot the low. And if you get a candle in the 5-minute timeframe that closes above with the body, you buy. Stop loss below here. So take profit 1 to 1. So if this is 30 points, target is 30 points. This has a Sharpe ratio of 1.78, Which means that is 3 to 4 times better in terms of risk-adjusted return than just buying and holding S&P. Does it apply to the short side too? Only longs. Only longs. For the 30 minutes, we go only longs. This is strategy 1. Can I have the borrower? Second one is exactly the same, but on the 15-minute opening range. So after the first 15 minutes of the cash session, so it's always after 9:30 opening range. So this would be after 9:45. 15 minutes later, you plot the high, you plot the low, and you still wait for a 5-minute candle to break up, either up or down works. So here we're also going shorts. So 9:45, that happens? Correct. Yeah. At 9:45, the opening range is there. If it breaks up or down, we don't care. We trade both. Is this 1-minute chart or 5-minute? 5-minute. Still. 5-minute candles breaks out with the body outside. And what we want to do is if we're selling, so here we sell, for example, right? Here we sell. The stop loss on this one goes above the candle. Above the high of the candle that broke out. Target 1 to 0.5. Also here we buy, we target TP 1 to 0.5. So the target is half of the stop loss. So the win rate covers it? The win rate do cover it. Okay. The win rate does cover. This is the first model. These 2 models combined, they have a 1.87 Sharpe. And if you risked 1 to 2% per trade, the historical max drawdown would be 10%.