Opening Range Breakout Strategy — Detailed Rules and Backtested Results
r/DaytradingstocksIntraday (5-min, 15-min)by reddit_community
Opening Range Breakout using first 15 minutes. Trade breakouts on gapping stocks (3%+) with volume confirmation. Backtested 58% WR, 2.3:1 avg winner/loser ratio.
ENTRY RULES
Define opening range from first 15 minutes (9:30-9:45 ET) | Stock must be gapping 3%+ on news/catalyst | Pre-market volume must be above average | Enter on break above range high (long) or below range low (short) with increased volume
EXIT RULES
Stop loss at opposite side of opening range | First target at 1.5x range size | Second target at 2x range size | Trail final portion with 5-min 9 EMA
INDICATORS
Opening RangeVolumeGapEMA
ORIGINAL POST
298
r/Daytradingposted by reddit_community
Opening Range Breakout Strategy — Detailed Rules and Backtested Results
Opening Range Breakout (ORB) strategy using the first 15 minutes to define the range. Trade the breakout of that range with volume confirmation. Works best on gapping stocks with news catalysts. Backtested over 6 months: 58% win rate, average winner 2.3x average loser. Key: only trade stocks gapping 3%+ with above-average pre-market volume.
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