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# ORB Phase 5 Winner — Momentum Signal Weight
#
# Phase 5 sweep (5 combos, IS 2022-2024 / OOS 2025-present):
# Best OOS Sharpe: 2.253 (weight_momentum=0.0 — no momentum signal)
# OOS return: +39.2%, OOS max DD: -9.04%, OOS trades: 3349, OOS WR: 52.3%
#
# Result: momentum signal (5-day prior return) HURTS OOS performance.
# weight_momentum=0.00: OOS Sharpe 2.2529 (WINNER)
# weight_momentum=0.10: OOS Sharpe 2.2231 (-0.03)
# weight_momentum=0.20: OOS Sharpe 2.1633 (-0.09)
# weight_momentum=0.30: OOS Sharpe 2.1469 (-0.11)
# weight_momentum=0.50: OOS Sharpe 2.1398 (-0.11)
#
# Conclusion: Momentum signal adds noise — the ORB breakout direction itself
# is sufficient; pre-event momentum does not improve candidate ranking.
# weight_momentum remains 0.0 (disabled).
#
# Parameters unchanged vs orb_p4_winner.yaml:
# weight_momentum: 0.0 (confirmed, was default)
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+5 winners
weight_rvol: 0.40 # Phase 4 winner
weight_gap: 0.35 # Phase 4 winner
weight_dollar_vol: 0.15 # unchanged
weight_body_ratio: 0.0 # Phase 4 confirmed (no benefit)
weight_momentum: 0.0 # Phase 5 confirmed (no benefit)
# 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
max_stops_per_day: 3 # Phase 3 confirmed
# 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