Algorithmic trading
Breakout: Range Identification, Volume Confirmation, and Fakeout Filters
Intermediate11 min
Breakout strategies enter when price leaves a defined range or level. Some moves continue; others quickly return inside.
ReadQuantitative infrastructure for defensible research.
A free research desk for intraday and swing traders in futures, stocks, ETFs and crypto, built around the AI you already use.
01 · Build
Your AI builds. EX7 shows every step.
Connect Claude, GPT or any MCP assistant: while it works, EX7 draws the flowchart block by block and writes the code for your platform.
claude · ex7-mcp
Test a 30-minute opening-range breakout on NQ. ADX filter, 1.5R target.
I'll have EX7 draw it as a flowchart, then save it.
ex7_vix_generate(prompt: "NQ 1m · 09:30–10:00 ET range · ADX(14) > 20 · 1.5R")
data · range · adx · breakout · entry · exit
ex7_strategy_create(name: "NQ ORB 30m + ADX", graph_json: {…})
saved · open in your Workspace
6 blocks · code written · 0 orders placed
EX7 · Workspace
Your AI · via MCP
Reading your idea
Building the opening range
Adding the ADX filter
Setting entry and exit
Saving it to your Workspace
Flowchart6blocks
- Data: NQ · 1m bars, the price, minute by minute
- Indicator: Opening range · 30m, high and low, 9:30–10:00 ET
- Filter: ADX(14) > 20, only when the trend is strong
- Condition: Closes above the high, a bar closes above that high
- Entry: Buy on the next bar, fills at the next bar's open
- Exit: Stop at the low · 1.5R, gain 1.5× what you risk
Code
// EX7 export · research only//@version=6strategy("NQ ORB 30m + ADX", overlay = true, default_qty_type = strategy.fixed, default_qty_value = 1, process_orders_on_close = false)or_ready_30 = bar_min >= 600 and not na(or_run_hi_30)[adx_14_dip, adx_14_dim, adx_14] = ta.dmi(14, 14)long_setup = (close > or_hi_30)if strategy.position_size == 0 and can_enter strategy.entry("L", strategy.long) strategy.exit("L_x", "L", loss = sl_pts / syminfo.mintick, profit = tp_pts / syminfo.mintick)02 · Validate
Seven checks. One score. Its place in your ranking.
The Judge replays your frozen rules through seven checks, counts every attempt you made, scores the idea from 0 to 100 and ranks it against your other ideas.
The Judge · 7 checks
Walk-forward: met.Tested on months it never saw
Costs: met.What's left after fees and slippage
Regimes: met.Holds in trending and choppy markets
Monte Carlo: met.Same trades, redrawn at random 40 times
Robustness: met.Nearby settings still work
Overfitting: not met.Every attempt counts against it
Tail risk: not met.Worst days heavier than normal
Score
64/100
Your rankingExample
- #1ES opening driveES · 5m · Intraday71
- #2 of 5NQ ORB 30m + ADXNQ · 1m · Intraday64
- #3BTC weekly breakoutBTC · 4h · Swing58
- #4SPY gap fadeSPY · 15m · Intraday43
- #5AAPL post-earnings driftAAPL · 1D · Swing36
Hypothetical results
Hypothetical Performance Disclaimer
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
- Hypothetical or simulated results have inherent limitations and do not represent actual trading.
- They may under- or over-compensate for market factors (e.g. liquidity) and are designed with the benefit of hindsight.
- No representation is made that any account will or is likely to achieve similar results.
- Past performance is not necessarily indicative of future results. EX7 is analytical software — not a broker, FCM, or investment adviser. Not investment advice.
03 · Automate
Export the code. Run it where you already trade.
Download it as Pine today; NinjaScript, Python and MQL5 files are next.
Your strategy
NQ ORB 30m + ADX6 blocks
exports/Your platform
nq-orb-30m-adx.pinePine
//@version=6 strategy.entry("L", strategy.long)TradingViewnq-orb-30m-adx.csNinjaScript (C#)next
protected override void OnBarUpdate() EnterLong(Contracts, "L");NinjaTradernq-orb-30m-adx.pyPythonnext
import json return (C[i] > S["or_hi_30"][i])Pythonnq-orb-30m-adx.mq5MQL5next
#include <Trade/Trade.mqh>void OnTick()MetaTrader 5
EX7 never places orders.
Your platform and your broker run it.
04 · The hub
Everything around the research.
What the desk holds besides the builder.
Philosophy
A place to research, learn and connect people.
No signals to sell and no results to dress up: a desk where every idea is tested honestly and traders learn from each other.