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Opening Range Breakout

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๐Ÿš€ ORB โ€“ Optimized for Peak Performance ๐Ÿš€
Catch the morning breakout moves with zero guesswork!
This plug-and-play Opening Range Breakout strategy is fully optimized ; no settings to tweak, no parameters to adjust.
โœ… Pre-tuned for U.S. market open on 5-minute charts.
โœ… Built-in risk management with stop loss, take profit, and one trade per day.
โœ… Auto exit before market close to lock in gains and avoid late-day whipsaws.
Perfect for day traders who want to focus on execution, not experimentation.
Just load it, trade it, and let the strategy do the heavy lifting.
โš  Disclaimer: Educational use only. Always backtest and paper trade before using with real capital.

Key Features
โ€ข No Guesswork โ€“ Pre-set with the best-performing configuration.
โ€ข Opening Range Breakout Logic โ€“ Identifies the early range of the market and trades strong breakouts.
โ€ข Strict Risk Management โ€“ Stop loss and take profit levels are automatically calculated from the range size.
โ€ข One Trade Per Day โ€“ Prevents overtrading and keeps the focus on quality setups.
โ€ข End-of-Day Auto Exit โ€“ Closes all open trades at 3:30 PM EST to avoid late-session volatility.

How It Works
1. Opening Range Calculation: At market open (9:30 AM EST), the strategy monitors opening range.
2. Breakout Entry: Monitors the breakouts with moment.
3. Risk & Profit Targets: Stop loss and take profit are calculated automatically based on the range size. Risk-to-reward ratio is set for balanced performance.
4. Trade Control: Only one trade per day (either long or short). All trades are force-closed at 3:30 PM EST.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.