ORB strategy
automated algo that trades opening range breakouts with TP/SL based on range size, as well as fully customizable settings (entry, exit, day of week, risk parameters, etc).
information
ORB strategy|edgeful.com
what it does
this strategy trades breakouts from the opening range (default 15 minutes). long entries trigger on a close above the range high; short entries on a close below the range low. TP and SL are calculated as percentages of the ORB size.
only one trade per day is allowed - once an entry is taken, the strategy blocks additional entries. all parameters including TP, SL, and ORB size filters can be customized for each day of the week.
key features
automatic ORB high/low detection
breakout entries on close above/below range
TP/SL based on ORB size percentages
one trade per day maximum
day-of-week specific settings
explainer chart
ORB strategy|edgeful.com
