Opening Range Breakout Strategy
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, 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.
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. For instance, in this scenario, the market breaks out above the opening range high and moves higher for a significant goal. The trading strategy employed uses three contracts and achieves its intended outcome.These patterns tend to repeat and, with proper understanding, can be a valuable tool for traders.
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.
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 emotions of trading using an algorithmic trading strategy. Remove human emotions & interference that most traders deal with daily in their trading. Using a strategy is less stressful than trying to pick your entries; there is no hesitation with automated trading.
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.
Short ES – Breakdown and price moves lower
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 trading the ES and the trade results, Strategy goes short on a break or the range low, and targets are hit. Often the price action breaks out quickly 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 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 our strategies and price action that are all traded live.
This pattern often repeats during the opening range trading session, designed to capture the moves or reversals during the first hour of the trading session. That is a quick breakout trade on three contracts, where are strategy hit its first two targets. The third contract got a fifteen-point gain that sealed are profit goal. These trade setups occur during the first hour of trading and can be a one-and-done trade. 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.
This chart is an example of a Breakout trading three contracts of ES. The strategy gets long on a break of the Opening Range high, and the price hits our targets. Reversal to the downside the strategy gets short and profit targets are hit for a significant 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 100 contracts with no restrictions on software.
In the trade above the strategy got long three contracts of the NQ. Our trading strategy involves going long upon the breakout of the Opening Range high. Once the price rises and hits our designated price targets, we take our profits. This pattern repeats itself every day, providing us with ample opportunities for one or two trades daily. With our flexible trading approach, you can set your desired profit goals by customizing your entries and exits, stop loss, trailing stop, breakeven, and multiple profit targets.
Long on a breakout of the Opening Range High: A High-Gain Strategy! Trading three contracts, the price breaks out fast, hitting all three profit targets, just shy of our goal. The “Opening Range” technique is a powerful day trading method, where prices swiftly either surge or decline, leading to the realization of targets.
The patterns we observe repeat on a daily basis. 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.
Here we are trading three contracts of the ES (E-Mini S&P 500 Futures). Our strategy involves going long on a breakout of the opening range high. When the price moves up and reaches the highs, we aim to hit our predetermined price targets. Then a short trade is entered after it takes out the opening range high and sells off. It’s important to note that the opening range breakout pattern repeats daily, so look for one or two opportunities to trade each day and set a desired profit goal. By configuring the strategy with specific entries and exits, stop loss, trailing stop, breakeven, and multiple profit targets, you can optimize your results.
The strategy achieved its targets on all three contracts resulting in a substantial gain. This highlights the advantages of automated trading over manual trading, as the automation never hesitates or second-guesses its trades.
The opening range trading strategy involves going long and achieving three contract targets upon reaching the predetermined targets during a price breakout. Upon falling below, the opening range high, the strategy switches to shorting, with targets being promptly achieved.
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
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.
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.
Potential for consistent profits: By following a set of defined rules and carefully managing risk, it may be possible to generate profits using an opening range strategy consistently.
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.
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.
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.
Plus, you get two powerful bonuses
Indicator Setup & Free Renko Bars
You will receive a manual and video on installing and using the indicators. We show you how to install the software, set it up, and prepare you to trade. A step-by-step guide to installing the software and the Renko bars, which are free.
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
No there are no free trials
AutoTrader
Legal Disclaimer
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.
CFTC Rule 4.41 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 the 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 that 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 of which can adversely affect trading results.
Testimonial Disclaimer: Testimonials appearing on Trading123.net may not be representative of the experience of other clients or customers and is not a GUARANTEE of FUTURE PERFORMANCE or SUCCESS. All information on this web site or in any videos is provided for educational purposes only and not an offer or a recommendation to trade futures contracts, stocks, options, or forex. Trading123 is not a registered investment advisor, broker, dealer in any jurisdiction and we are not qualified to give financial advice. Users of this site are advised that all information presented is used solely for information purposes, and is not intended to be used as investment advice. Trading123 has automated trading, it is not a black box system to be followed blindly, judgement is needed in filtering the trade setups. All trade decisions are your own risk and responsibility.
© 2004 -2023 Full Risk Disclosure and Disclaimer Trading123 Day Trading Algorithms Automated Trading. All Rights Reserved.
