Opening Range Breakout strategy

Breakout Strategies

Trading the financial markets with the Opening Range Breakout automated trading strategy. A professionally developed algorithmic trading strategy that automatically executes all trades for hands-free trading. This strategy will trade the directional bias of predefined ranges, long or short. The software will define the range, and the strategy automatically places orders when the price breaks out. Advanced Fibonacci levels plot on the charts to give you pre-determined profit targets.

 

This pattern often repeats during the opening range breakouts during the trading session, designed to capture the moves or reversals during the first hour of the trading session. The first hour is the most active and is where the session breakouts happen. This trade setup is where you can make most of your money quickly. Fully automated hands-free trading strategies and a brand-new watermark indicator are included for free, allowing you to label any chart. This strategy is sold separately from the autotrader.

Getting Started-Determine Opening Range

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

Choose Stops Targets

Chose exit methods, stop loss, profit targets and profit and loss targets.

Reduce Stress

Eliminate emotions of trading using a algorithmic trading strategy. Remove human emotions & interference.

Enter Order Parameters

Hands free trading, all trades are fully automated. Enter contracts to trade, profit amounts and loss risk.

First Hour of Trading

The first hour of trading is the most volatile time frame during the day and can be the most profitable. So let our opening range trading strategy find the moves and trade them fully automated trading. A simple system to learn and trade the opening range breakouts in all the futures markets. Our trading strategies can trade the CL, NQ, ES, YM, or GC, among others. We give you the guidelines to trade opening range breakouts and how to set it up during the trading session, which are all covered in the manual and videos.

Opening Range Breakout

Breakout Trading

Short Crude Oil

Weak markets get weaker at the open, and a sell off. The strategy identifies the opening range and once price broke the low we sold off. Trading three contracts first profit target and second profit targets are hit as price moved lower. Price then found support and got a bounce off the low of the day and our stop took us out with a significant gain.

The panel on the lower half shows the profit as the trade happens and gives you a visual picture of what is happening with the strategy.

   

The software is available for NinjaTrader 8 only and comes with a lifetime of free upgrades, a trading manual, and videos on how to trade as we do. The charts on this page are trade examples of trading strategies and price action.

Breakout Strategy

Crude Oil Sell Off

In the chart above, we set a profit goal of $1000 for the Crude Oil breakout strategy. Strategy gets long on breakout of the Opening Range high as high volume moves the price and hits our profit targets and goal. These patterns repeat daily, so look to have one or two trades a day and set any profit goal you wish. The chart below is a sell-off for a nice gain.  

Configure the strategy with your entries/exits, stop loss, trailing stop, breakeven, and multiple profit targets. You can trade one contract or 100 contracts with no restrictions on software. 

Breakout Strategy

Strategy Performance

This is the strategy performance for the Crude Oil trade above. As the strategy performance shows we had a total net profit of $776.44 and paid $13.56 in commissions. 

 

The strategy did a total of three trades which were all short and 100% profitable. The largest winning trade was $405.48 with the average trade winner was $258.81 for the strategy. And the profits per month are calculated on a 30 day basis and was $23,681.42 

 

Opening Range Breakout

Opening Range Breakout Strategy

Opening Range Breakouts

This chart is an example of an Open Range Breakout trading three contracts of Crude Oil. This is an update to the strategy, in which it will trade in both directions. When the strategy got long, the high volume increased the price action and caused a breakout of the opening range high, which allowed the profit targets to be hit. As the price fell again, our trading strategy triggered a short trade on a breakdown of the opening range high and sold off, hitting our $1200 goal. There are filters in the strategy that have to meet specific criteria to trigger a reversal 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.

 

Opening Range Breakout

ES Breakout Trading

Crude Oil chart, we set a profit goal of $1000 for the Crude Oil breakout strategy. Strategy gets long on breakout of the Opening Range high as high volume moves the price and hits our profit targets and goal. These patterns repeat daily, so look to have one or two trades a day and set any profit goal you wish. The chart below is a sell-off for a nice gain.  

Configure the strategy with your entries/exits, stop loss, trailing stop, breakeven, and multiple profit targets. You can trade one contract or 100 contracts with no restrictions on software. 

Breakout Strategy

Opening Range Breakdown

 

Crude Oil’s price broke down below the Opening Range, which triggered the strategy to short three contracts. Price sells off and hits our profitability target for over a $1100 gain on three contracts. This strategy offers no restrictions; you can trade as many contracts as you want, at any profit level, and at any future date.

These patterns repeat each day. You either have an opening range breakout high or an opening range breakout low. These moves are usually explosive and fast, involve one or two trades, and you are done for the day. Trading strategies can be used in all markets worldwide.

opening range breakout trading

ES Breakout Trading

 Here we are trading three ES contracts at the 9:30 am open and this is what a typical breakout looks like.

Price breaks above the opening range and our profit targets are hit on our first two profit targets. The price continued to move higher and our third contract hit our max daily goal for a profit of over $1200. 

These patterns often repeat, price moves up to the first resistance level of the yellow line. The first two contracts hit there profit targets and we obtain so profits on those two contracts. Out trail stop is protecting our profits and price continues higher and the last contract hits our profit goal of $1200 for a substantial gain. 

Breakout Trading

Crude Oil Breakdown

Here is another example of Crude Oil breaking out of its open range. Price breaks below the range, and profit targets are hit. The Opening Range is a powerful day trading strategy, and the price quickly breaks out or sells off, and targets are hit. We have pre-determined profit targets selected when we set up the strategy. 

 

The Fibonacci levels are used to 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 that identifies the support and resistance areas. These are fully customizable to your trading style. For example, the 238.2 Fibonacci number or any of the numbers can be changed to what you want. 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.     

Opening Range Breakout

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Manuals, and or Videos on using the Software all available for instant download once purchased.

Instant Download

The indicators and manuals and or videos are all available to download after you purchase them. And they will be there should you need them.

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Opening Range Breakout
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US Government Risk Disclosure: Futures, stocks, options and forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This website and the products, services and other information contained herein is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed or shown in any video or on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

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