{
  "id": 1076,
  "rank": 2938,
  "name": "OUT OF THE RANGE",
  "aka": [],
  "family": "A",
  "subtype": "A2",
  "one_liner": "Enters trades when price breaks out of the last X candles' high or low, placing stop orders at Y pips above/below the high/low.",
  "market_regime": "any",
  "timeframes": [
    "5"
  ],
  "symbols": [
    "EURUSD"
  ],
  "sessions": [
    "08:00-18:00 GMT"
  ],
  "indicators": [],
  "entry_long": [
    "BUY Size CONTRACTS AT highest[LookbackPeriod](high)+PointsDistance*pointsize STOP"
  ],
  "entry_short": [
    "SELLSHORT Size CONTRACTS AT lowest[LookbackPeriod](low)-PointsDistance*pointsize STOP"
  ],
  "exit_rules": [
    "SET STOP PLOSS StopLoss",
    "SET TARGET PPROFIT TakeProfit"
  ],
  "filters": [],
  "stop_loss": "60 points",
  "take_profit": "10 points",
  "position_size": "1",
  "evidence_type": "source_code",
  "completeness": 80.0,
  "signal_warnings": null,
  "claim_warnings": null,
  "opacity_warnings": null,
  "build_warnings": null,
  "canonical": "https://prismaticalgos.com/compendium/algo/1076-out-of-the-range",
  "snapshot": "2026-10-31 15:46 UTC",
  "source_url": "https://www.prorealcode.com/prorealtime-trading-strategies/breakout-range-ts/",
  "limitations": "These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms."
}