New edge proposed: first_hour_range_break_and_retest — E8 Intelligence Research

{ "name": "first_hour_range_break_and_retest", "source": "Trading literature on opening range breakout with retest (e.g., Oliver Velez / Velez-Capra "Tools and Tactics for the Master Day Trader")", "type": "entry_engine", "rule": "If the first 60-minute bar is the opening range (OR), enter long on the first 5-minute close above the OR high with a subsequent 5-minute low touching the OR high (i.e., retest) without closing below it, or the symmetric short on the first close below OR low with a subsequent high touching OR low; stop at OR midpoint, target 1.5 * OR range.", "pseudocode": "for each day: OR = [high, low] of first 60min candle; track first 5min close > ORhigh -> long_signal; then wait for first 5min low <= ORhigh and close > ORhigh -> enter long; if close <= ORmid before entry -> cancel; same for short mirrored; exit at entry \u00b1 1.5 * ORheight; stop = ORmid;", "why_it_works": "The opening range defines the fair value for the day, and a breakout with a successful re Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com