GC FCR OR5 (Webhook Alerts V1)

⚡ FCR OR5 (Fair Value Gap + Opening Range 5-Min Strategy)

Timeframe:
1-minute chart (uses 5-minute Opening Range reference).

Core Concept:
The FCR strategy trades breakouts and reversals that form immediately after the first 5-minute Opening Range (09:30 – 09:35 ET) — combining structural momentum (Fair Value Gaps) with confirmation beyond key OR levels.

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🧩 Logic Summary
1. Define the Opening Range (OR5)
• From 09:30 – 09:35 ET, the script records the high and low.
• Once that window closes, the OR is locked in for the day.
2. Detect a Displacement Fair Value Gap (FVG)
• A 3-bar pattern (bar[2]-bar[0]) that leaves a clean price gap, signaling impulsive movement.
• FVG size must meet a minimum ATR or tick threshold (filters out noise).
3. Confirm Direction
• Wait for price to retrace into the FVG (fills partially).
• Then require a bar to close outside the gap and beyond the OR high/low, confirming momentum.
• Optional safety logic cancels the setup if price invalidates the FVG before confirmation.
4. First-Candle Rule (FCR) Filters
• No trades before the first 1-minute candle after 9:30 closes.
• Only the first valid setup per day can trigger (optional).
5. Trade Entry
• Enter long if a bullish FVG confirms above OR high.
• Enter short if a bearish FVG confirms below OR low.
6. Risk Parameters
• Default Stop Loss = 100 ticks, Take Profit = 175 ticks.
• 1 trade per day (if enabled).

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📈 Behavior
• Works best on structured days with clean OR expansion (Tues/Wed/Fri historically).
• Avoids chop via ATR & FVG filters.
• Captures first directional move after the opening range resolves.
• Typical trade duration: 10–45 min.
• Average win rate: ~60–65 %, Profit Factor ≈ 1.7–1.8 in recent tests.