# Breakout Strategy

Enters trades based on ADR and rangebox during specific time periods.

Canonical: https://prismaticalgos.com/compendium/algo/1997-breakout-strategy
Record ID: 1997
Catalog rank: 2837 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Trade & Execution Management (K)
Source: https://www.prorealcode.com/topic/help-coding-breakout-strategy/
Evidence label (unverified): source_code

## Scope and 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.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

Signal warnings: TIME-ONLY ENTRY: the entry conditions reference only clock time or session, with no market condition. This opens positions on a schedule.
Opacity warnings: UNDEFINED ENTRY TERM: the entry conditions are prose naming a concept with no numeric definition, so two readers would implement them differently. Advisory only -- this does not affect the score.

## Recorded profile

- symbols: US30, DOW
- timeframes: M1, M2
- sessions: 00:00-15:30 GMT, 15:30-18:00 GMT
- market_regime: any

## Indicators

- ADR: {"period": 20}; applied to: high, low
- range: {"period": 300}; applied to: close

## Recorded long-entry rules

- Time <= 153000 AND c1
- Time >= 153000 AND Time <= 180000 AND c1 AND Tally < MaxTrades AND Not OnMarket

## Recorded short-entry rules

- Time <= 153000 AND c1
- Time >= 153000 AND Time <= 180000 AND c1 AND Tally < MaxTrades AND Not OnMarket

## Recorded exit rules

- LongOnMarket AND (close - TradePrice) >= 25 * pipsize
- ShortOnMarket AND (TradePrice - close) >= 25 * pipsize

## Recorded filters

- MaxTrades 2 per day
- Time-based entry and exit

## Risk controls

- Stop loss: 100 pips
- Take profit: 50 pips
- Position sizing: 0.2 Contract