ORB strategy - 2 TP
auto-trades ORB breakouts and scales out 50% at TP1 while letting the rest run to TP2 for better risk management.
information
ORB strategy - 2 TP|edgeful.com
what it does
this strategy extends the standard ORB strategy by adding a second TP level. when TP1 is reached, 50% of the position is closed. the remaining position continues to TP2 or gets stopped out at the original SL.
the dual TP approach allows traders to lock in partial profits while giving the remaining position room to run. default configuration uses 2 contracts with higher capital allocation to support the scaling approach.
key features
two separate TP levels
50% position exit at TP1, remainder at TP2
default 2 contract quantity
higher default capital ($20,000) and max loss ($200)
all other ORB strategy features included
explainer chart
ORB strategy - 2 TP|edgeful.com
