Opening Range Breakout Strategy

Due to the significance of the open and the possibility of non-random price movement, the open, and specifically the opening range, gives us plenty of opportunities to build trading strategies. The Opening Range Breakout (ORB) does just this.

NT8 ORB Strategy
(Opening Range Breakout)

NT8 ORB Strategy
(Opening Range Breakout)

ORB Opening Range Breakout automated trading strategy for Ninjatrader 8. Trade the market directional bias after price breaks above or below a predefined range, usually begining of a session. Define time range and the system automatically places orders on high & low. As with all algo's configure entries/exits, stoploss, trailers, breakeven and multiple profit targets.

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Strategy Concept

Define Open Range

Define the range by entering time from and to on chosen timeframe.

Tweak Entry Orders

Change order offsets and select if reversing orders (OCO) are used (One cancels other)

Choose Exit Methods

Enable exit methods, stoploss, takeprofits, trailing types and daily PnL targets. All backtestable.

Strategy Features

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Stoploss Methods

5 stoploss methods available.

  • Fixed Ticks Distance
  • Fixed Percentage at Market Price
  • ATR (Average True Range) Volatility.
  • Pivot Stoploss: Place the stop on the previous bar(s) high or low based on X-bar lookback period.
  • ORB Range Stoploss

Breakeven Methods

  • Fixed Ticks Distance to set breakeven +/- offset
  • Ratio of stoploss distance i.e set BE trigger 2:1 of stoploss

TakeProfit Methods

5 Takeprofit methods + upto 5 Profit Targets

  • Multi Profit Targets upto 5 TP's and runner option
  • Fixed Ticks Distance
  • Fixed Percentage at Market Price
  • ATR (Average True Range) Volatility.
  • Risk Reward Profit Target: Based on the distance of the stoploss multiplied by Reward ratio.
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Fixed Ticks
Bar Trailing
Moving Average Trailing
Moving Average Trailing Properties
All Trailing Methods
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Trailing Methods

4 trailing methods available.

  • Standard Ticks Trailing: Similar to how ATM trailing works by ticks. 
  • Percentage Trailing: Not available through ATM's and can be backtested.
  • Moving Average Trailing: Also not available on ATM's and can be backtested.
  • Bar-by-Bar Trailing: Set lookback period of highs/lows, when profit trigger reached trail to the last high/low within the specified lookback period.

Media

  • Multiple Session Opening Ranges
  • Opening Range Example 2
  • Opening Range Example 3

Pricing Plans

ORB Live Trial

£50 /Trial

  • Try out the ORB strategy 14 Day Trial
  • No restrictions. Any Market. Live Trial.
  • £50 discount when upgrade to yearly or lifetime subscription
  • 1 Licence

ORB Yearly Subscription

£350£395 /Year

  • ORB Strategy Yearly subscription
  • £50 discount when upgrade from 14 day trial
  • 2 Licences.
  • Upgrades and updates all free.
  • Member priority for additional coding requests to strategy.

ORB Lifetime Licence

£750£795 /Life

  • ORB Strategy for Life.
  • £50 discount when upgrade from 14 day trial
  • 2 Licences.
  • Upgrades and updates all free for life.
  • Highest priority for additional coding requests to strategy.

Risk Disclosure:

Futures, Options, Forex and cryptocurrency trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure:

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

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