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 - NQ

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 fell comfortable with. These patterns tend to repeat and, with proper understanding, can be a valuable tool for traders.

Opening Range Breakout

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 opening range high experienced a rapid breakout, causing the price to surge towards its highs. Our targets for the first and second contracts were successfully met. Although the price trended upward, the last contract triggered a stop loss, resulting in a gain of just over a thousand dollars. 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 Strategy

Opening Range Breakout Strategy 

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 Breakouts

Opening Range Breakout Strategy ES

Breakout Trading ES

The strategy identifies the opening range, and once the price breaks the opening range, low or high, the strategy will enter the trade. Above is the strategy and the trade results. The strategy goes long on the breakout of the opening range. Trading three contracts, our targets are hit for a nice gain. Often the price action breaks out quickly up or down on these moves, and it’s a one-and-done trade, so you don’t need to trade all day.

The software is available for NinjaTrader 8 and comes with a lifetime of free upgrades, a trading manual, and videos on how to trade as we do. The settings we use stops and targets, which can be fully customized by the trader. The charts on this page are trade examples of our strategies and price action that are all traded live.

 

Breakout Trading - ES

Opening Range Breakout

One of the many patterns that traders often see during the opening range trading session is the quick brerakoutof the opening range high. This trading strategy is specifically designed to capture moves or reversals within the first hour of the trading session. The process starts by executing the quick breakout trade to downside, with the strategy hitting its targets successfully. Then a reversal off the opening range low and profit goal is hit.

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

Opening Range Breakout NQ

This chart is an example of a Breakout trade of the opening range high in NQ. The strategy gets short on a break of the opening range. Then the bot got long on a reversal over the opening range low for a nice gain. 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.

Opening Range Breakout NQ

Opening Range Breakout Strategy NinjaTrader

Here we have a breakout of the Opening Range strategy. The bot gets long on a break of the Opening Range High which it draws automatically.  Trading three contracts on this trade, we have a five hundred dollar goal with specific targets to accomplish this. Trading this with multiple accounts with a trade copier can be very powerful strategy. The “Opening Range” technique is a powerful day trading method where prices swiftly either surge or decline, leading to the realization of targets.

These market activity 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

Strategy Trading NQ

Opening Range Breakout NQ

The opening range trading strategy gets short on a break of the Open Range low and hits our profit goal on two contracts for a nice trade. This trading approach involves monitoring price movements and taking advantage of the momentum generated during a breakout. The opening range, a key component of the strategy, refers to the range of prices for a security or an index during the first few minutes of trading. Traders use this range as a reference point to determine potential price movements and target levels.

The Fibonacci levels suggest the price’s next support or resistance level. These Fibonacci numbers predict where the price will move, and the lines are drawn automatically. The Fibonacci Levels are labeled right on the chart, identifying the support and resistance areas. These are fully customizable to your trading style. In addition, you can edit the line colors, style, and weight. We have various settings for the lines; some are solid, and some have dashes

 

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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 2

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 3
Opening Range Breakout Strategy 4

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

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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.