Opening Range Breakout strategy

Breakout Trading - First Hour

During the initial hour of trading, the market is typically highly volatile and presents significant opportunities for profit. To capitalize on these opportunities, our opening range trading bot employs fully automated trading to identify and execute trades based on opening range breakouts in various futures markets, such as CL, NQ, ES, YM, RTY and GC. Our strategy, which is simple to learn and implement, utilizes the NinjaTrader platform. It includes detailed instructions and videos on how to set it up and trade opening range breakouts in the financial markets. It is important to note that this strategy is only compatible with the NinjaTrader platform and will not work with other platforms.  

Breakout Trading - ES

An opening range is a specific time frame at the start of the trading day when the market is highly active and presents great profit opportunities. With this strategy, you can set any profit goal. The trading strategy employed uses three contracts and achieves its goal. Trade with the contracts you feel comfortable with. These patterns tend to repeat and, with proper understanding, can be a valuable tool for traders.

Opening Range Breakout Strategy ES

Live Trade ES and ORB Strategy

ES Trading Strategy Breakout

The chart in the video showcases the trading of the ES Emini and is subject to technical analysis. The targets for the first and second contracts were successful hit. These similar patterns occur on a daily basis, hence it is suggested to actively seek one or two daily trades and establish a desired profit objective.

Configure the strategy with your entries/exits, stop loss, trailing stop, breakeven, and multiple profit targets. You can trade one contract or 20 contracts, or trade the stock market with no restrictions on the software.

Opening Range Breakout
Opening Range Breakout Strategy

Opening Range Breakout Strategy 

Trading ORB Strategy

Opening Range Breakout ES

Reduce Stress with Automated Strategy

Trading123 is a trading strategy and software provider that offers a system based on the ORB strategy. The Trading123 ORB system uses proprietary algorithms to identify the opening range and generate signals for potential trades based on the breakout direction. The system also includes risk management tools to help traders control their exposure and position in futures trading or the stock market. 

Eliminate the emotions of trading using an algorithmic trading strategy. Remove the human emotions & interference that most traders deal with daily. Using a strategy is less stressful than trying to pick your entries; there is no hesitation with automated trading.

Getting Started-Determine Opening Range

Enter the range setting by entering the times. We supply all this information in the manuals and videos to assist you in trading.

 

Enter Order Parameters

 Enter how many contracts to trade, targets, stop loss and trailing stop info, and your start and end times. Hands-free trading, all trades are fully automated.

 

Choose Stops and Profit Targets

Enter the range set by entering the times. We supply all this information in the manuals and videos, which are easy to read and follow and put to work in your trading.

The Opening Range Breakout (ORB) strategy is a popular trading technique that involves identifying the range of prices at which a stock or other financial markets trade during the first few minutes of the market opening. Traders then use this information to make buy or sell decisions based on whether the instrument’s price breaks out of the range to the upside or downside. The ORB strategy can be used in various markets, such as stocks, futures, and forex. 

Trade Opening Range Breakout

Opening Range Breakout

Breakout Trading 

The approach revolves around pinpointing the opening price range, and once the market breaches this boundary—either to the upside or downside—the strategy executes a trade. The diagram above illustrates both the strategy in action and the results it yields. The price dynamics in these scenarios often experience swift breakouts, whether upwards or downwards, making these moves perfect for a “one-and-done” style of trading, meaning you don’t need to remain glued to the charts throughout the entire day.

The trading software works with NinjaTrader 8 and comes with lifetime access to free updates, a detailed trading manual, and instructional videos that guide you through our trading approach. The settings we use feature customizable stop-loss and profit target options, providing traders the flexibility to adjust the system to their individual preferences. The charts shown here are real-time examples, illustrating how we implement our strategies and analyze price movements during live trades.

Opening RangeTrading

Opening Range Breakout Strategy

One of the many patterns that traders often see during the range trading session is the quick breakout of the range low. This trading strategy is specifically designed to capture breakout moves or reversals. The process starts by executing the quick breakout trade to upside, with the strategy hitting its targets successfully. Using trade copier trading six accounts for a nice trade.

The best part about this trading strategy is that it can be a one-and-done trade with minimal hassle and effort. Moreover, the strategy comes fully automated with hands-free trading functionality, enabling traders to save time and focus on other aspects of their trading portfolio. Additionally, the strategy includes a brand-new watermark indicator that traders can use to label any chart, making it easier to keep track of key performance metrics.

Trade Opening Range Breakout

Opening Range Breakout Strategy NQ

Opening Range Breakout ES

This chart above is an example of a Breakout trade of the opening range low of NQ. The strategy gets short on a break of the opening range low and hits our daily goal. There are filters in the strategy that have to meet specific criteria to trigger a trade. In the futures and stock markets, the opening range is one of the most significant chart patterns. Opening range levels are a magnet for price action and are usually followed by high volume. You can trade one contract or twenty contracts with no restrictions.

Trading ES 5 Accounts Trade Copier

Opening Range Breakout Strategy NQ

In this instance, we’re executing trades on the NQ, where the bot automatically identifies and reacts to the break in the Opening Range’s upper boundary. As it detects a movement, it capitalizes on the breakout, swiftly executing targets. Employing this strategy across multiple accounts through a trade copier proves to be an exceptionally robust approach. 

The “Opening Range” methodology is an influential technique within the realm of day trading. It hinges on the rapid fluctuations of prices, either ascending or plunging, which swiftly lead to the fulfillment of predetermined targets.

These market activities may exhibit either a high opening range breakout or a low opening range breakout. These market moves are typically characterized by rapid and intense price fluctuations, with one or two trades being sufficient to conclude the day’s market activity. Our trading strategies are flexible and can be applied to markets across the globe. With our methods, traders have the freedom to trade unlimited contract sizes and levels, allowing them to enhance their overall trading performance

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Benefits of using an Opening Range Strategy

  1. Clear entry and exit points: An opening range strategy can provide clear guidelines for entering and exiting trades, which can help to manage risk and increase the chances of successful trades.

  2. Well-defined rules: An opening range strategy typically involves a set of well-defined rules for entering and exiting trades, which can help to reduce subjectivity and increase the probability of successful trades.

  3. Simplicity: An opening range strategy can be relatively simple to understand and implement, making it a good option for traders who are new to technical analysis or who prefer a more straightforward approach to trading.
  4. By following a set of defined rules and carefully managing risk, it may be possible to generate profits using an opening range strategy consistently.

  5. Reduced emotions: By following a defined set of rules, an opening range strategy can help to reduce the impact of emotions on trading decisions, which can be particularly helpful for traders who struggle with discipline.

Free Lifetime Updates

We are constantly updating our software and improving the software in every way. You will receive free upgrades for a lifetime.

 

Lifetime Support

Our support team is always here to help. Contact them through our Live Chat Bot or by email, or phone. All emails are answered within two hours during normal business hours.

 

Learning Material

Manuals and Videos on using and installing the Software are all available for instant download once purchased.

 

Instant Download

The strategies, indicators, manuals, and videos can be downloaded after your purchase and will be available for you to access in the future if needed.

 

Opening Range Breakout Strategy

Opening Range Breakout Strategy

Plus, you get two powerful bonuses

Strategy Setup & Manuals, Videos

You will receive a manual and video on installing and using the strategy. We will show you how to install the software, set it up, and prepare you to trade. A step-by-step guide to installing the strategy, updated manual and videos for using the software in 2024.

 

Opening Range Breakout Strategy 2
Opening Range Breakout Strategy 3

Lifetime Updates + Live Support

Trading123 superior technical support team is here to help you with any issues with your software. Call during regular business hours or email us, or use our online chatbot; we are always here to be able to solve your problems. During normal business hours, email is answered within one to two hours. In addition, we offer lifetime support for all our software.

 

Frequently Asked Questions

Yes, you will receive a PDF manual that explains on how to install the software and a video on how to install it.
Only on the Ninjatrader 8 platform

No there are no free trials

Terms: All Sales are Final & Non-Refundable

Software products are susceptible to easy replication and duplication. Consequently, we have enforced a stringent no-refund policy for all our software products. By acquiring any of our software products, you acknowledge and consent to abide by our refund policy. Please thoroughly review the agreement before completing a purchase. All sales are considered final.