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# ORB Phase 4 Winner — Composite Ranking Weights
#
# Phase 4 sweep (81 combos, IS 2022-2024 / OOS 2025-present):
# Best OOS Sharpe: 1.77 (weight_rvol=0.40, weight_gap=0.35)
# OOS return: +31%, OOS max DD: -7.95%, OOS WR: ~51%
#
# vs Phase 3 winner (weight_rvol=0.60, weight_gap=0.25):
# OOS Sharpe: 1.663, OOS return: +29.0%, OOS DD: -8.54%
# Improvement: +0.11 Sharpe (+6.6%), +2pp return, -0.59pp DD
#
# Key insight: Lower RVOL weight (0.40 vs 0.60) + higher gap weight (0.35 vs 0.25)
# - Less double-counting: RVOL and gap are correlated (both capture pre-market activity)
# - Gap weight increase gives more direct pre-market demand signal
# - weight_body_ratio=0.0 unchanged (no benefit from ORB candle body signal)
#
# Parameters changed vs orb_p3_winner.yaml:
# weight_rvol: 0.40 (was 0.60)
# weight_gap: 0.35 (was 0.25)
strategy_mode: orb
orb_strategy:
# ORB window
orb_minutes: 5
sim_bar_minutes: 5 # Phase 1 winner
# Entry
entry_direction: long_only # Phase 1 winner
order_timeout_minutes: 20 # Phase 3 winner
# Universe quality filters
min_price: 10.0
min_avg_dollar_volume: 25000000
min_atr_14: 0.50
# RVOL-based candidate selection
min_rvol: 1.0 # Phase 3 confirmed
max_candidates: 20 # Phase 3 confirmed
min_candidates_to_trade: 3
# Composite ranking weights — Phase 4 winner
weight_rvol: 0.40 # Phase 4 winner (was 0.60)
weight_gap: 0.35 # Phase 4 winner (was 0.25)
weight_dollar_vol: 0.15 # unchanged
# ATR-based stop management (Phase 1+2 winner values)
atr_stop_multiplier: 1.00 # Phase 1 winner
breakeven_at_r: 1.0 # Phase 2 winner
trailing_at_r: 2.0 # Phase 2 winner
trailing_stop_atr_multiplier: 0.3 # Phase 2 winner
# Risk-based position sizing
risk_per_trade_pct: 0.0025 # Phase 4 confirmed
max_position_pct: 0.20
daily_max_loss_pct: 0.0125 # Phase 3 confirmed (limit rarely binding)
max_stops_per_day: 3 # Phase 3 confirmed (limit rarely binding)
# Exit
exit_minutes_before_close: 5
# Execution
slippage_bps: 5.0
initial_capital: 10000
ticker_cooldown_days: 0
# Cash account settlement
settlement_days: 1
# Gap filter — Phase 3 winner
max_gap_pct: 0.05 # Phase 3 winner
# Market regime filters (disabled)
market_regime_spy_threshold: null
min_candidate_breadth: null
universe:
source: midlarge
backtest:
start_date: null
end_date: null
lookback_trading_days: 200
cache:
enabled: true
dir: data/cache/intraday
output:
dir: runs/intraday_orb
verbose: false