With this DAX strategy - the trading is preferred in the 1 or 5 minute chart. It will be speculated a breakout after the opening range in the market.
this strategy can be used in different markets, such as stock indices (DAX, EuroStoxx, Dow, S&P 500 etc.), bonds (Bund future etc.), currencies (EUR / USD etc.), raw materials (WTI, Brent Oil etc.), precious metals (gold etc.).
There are many different approaches to setting out the time frame for the Open Range. While some of the DAX Traders choose the high and low in the time between 9:00 and 10:00, others recommend using e.g. 8:00 - 9:00, 8:00 - 9:15 or 9:00 - 9:45 . I prefer the DAX range from 8:01 am to 9:00 am. Since big jumps can occur again at 8:00 am, I decided to wait a minute.
For the Dow or S&P500, the recommended time frame for the open range is the first 45 minutes after the stock market opens. It is usually the time from 3:30 pm to 4:15 pm. But even here every trader has your own strategy.
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