Opening Range Breakout Strategy

Strategy Concept
Determine Open Range

Select the range settings by entering the trading times, we supply all this information in the manuals and videos. 

Enter Order Parameters

Enter contracts to trade, entry offset, profit amounts, loss risk.

Choose Stops, Targets and Profits

Choose Exit Methods, stop loss, profit targets and trailing stops and Profit and Loss targets. 

Opening Range Breakout Strategy

The Opening Range Breakout automated trading strategy for NinjaTrader 8. Let the strategy trade the directional bias of the predefined range long or short. The software will define the range and the strategy will automatically place the orders. Advanced Fibonacci levels plot on the charts to give you predetermined targets to take your gains.  

In the first hour of trading is the most volatile time frame during the day and can be the most profitable. Let our opening range breakout strategy find the moves and trade them.

This is a pattern that often repeats the Opening range breakouts is one of the important reversal and continuation chart patterns,  designed to capture the moves or reversal during the first hour of trading. The first hour is the most active and is where the breakouts happen. This is where you can make most of your money quickly. 

Opening Range Breakout Trade ES

We are trading the ES with our Open Range Breakout Strategy it identifies the breakout area and gets long three contracts. We set profit targets of 8, 14 and 20 ticks price moved up and hit our targets for a nice gain as it shows on the chart.  This is a strategy that is simple to learn and use in your trading.  

Fibonacci levels identify support and resistance levels and use them as targets to take profits. 1st profit target is 61.8 Fib, then the 100% Fibonacci Level. These levels are all explained in the manual and videos that come with the software.

Our online video course that comes with the software will teach you how to trade the Opening Range Breakout and give you the edge in your electronic trading. The levels are easily identified on the chart.

Opening Range Breakout

Opening Range Breakout Trade ES

Here is the ES with the  Opening Range Breakout Strategy its an advanced strategy to identify breakouts and breakdowns. ES broke out over resistance to the 161 Fibonacci level where the first target was hit. The trend is strong it pulls back some then off to the highs. 

Price broke above OpeningRange high which triggered the strategy to go short three contracts. It sells off to our price targets at the Fibonacci levels and we take our gains.

These patterns repeat each day you either have an opening range breakout high or an opening range breakout low.  And the strategy will trade both of them hit your targets and take your gains. These moves are usually explosive and fast. 

Opening Range Breakout Strategy

Opening Range Breakout Crude Oil

Here is the Crude Oil with the  Opening Range Breakout Strategy its an advanced strategy to identify breakouts and breakdowns. Crude Oil breakout over the opening range high and moves higher. We hit our profit targets on way up and take our gains. 

These patterns repeat each day you either have an opening range breakout high or an opening range breakout low.  And the strategy will trade both of them hit your targets and take your gains. These moves are usually explosive and fast. 

A simple strategy to learn and trade it, in any future, the CL, NQ, ES, YM or GC, and many others. We give you the guidelines on how to set it up covered in the manual and videos. 

The Fibonacci levels to the upside and downside are plotted automatically for you on the chart and price often runs to them.  Some of the levels are major reversals and that is profit-taking areas, and this is all explained in our manual and video on using the software. 

Opening Range Breakout Strategy

Opening Range Breakdown ES 82 Ticks

Here is another example of the ES and it failed to break out to a high. So that’s telling you the trend is weak, and the price moves down below the Opening range mid-line and getting weaker.   Price goes below the Opening Range Low, triggers the strategy to go short, and we have pre-determined profit targets selected when we set up the strategy. Price sells off to our targets of the 238.2 Fibonacci level and we hit all our targets.

The green numbers on the chart like +14 are not drawn by the software, they are labeled on the chart after the trade by me to show how may tick profits.   Fibonacci levels are used to suggest the next support or resistance level of the price. These Fibonacci numbers predict where the price will go 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. Don’t like the 238.2 Fibonacci number you could change it to 200. In addition, you can edit the line colors, style, and weight as you see we have various settings for the lines, some are solid some have dashes. 

Opening Range Breakout Strategy

ES 72 Ticks Breakout Trading Highs

Here is another example of the ES and it failed to break out to a high. So that’s telling you the trend is weak, and the price moves down below the Opening range mid-line and getting weaker.   Price goes below the Opening Range Low, triggers the strategy to go short, and we have pre-determined profit targets selected when we set up the strategy. Price sells off to our targets of the 238.2 Fibonacci level and we hit all our targets.

The green numbers on the chart like +14 are not drawn by the software, they are labeled on the chart after the trade by me to show how may tick profits.   Fibonacci levels are used to suggest the next support or resistance level of the price. These Fibonacci numbers predict where the price will go 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. Don’t like the 238.2 Fibonacci number you could change it to 200. In addition, you can edit the line colors, style, and weight as you see we have various settings for the lines, some are solid some have dashes. 

Opening Range Breakout

$1,295.00

Opening Range Breakdown Crude Oil

Here is an example of the Open Range Breakout in the Crude Oil trading 3 contracts. We hit our pre-determined profit targets for a nice gain of sixty six ticks. The software comes with manual and videos that explain fully how to trade with it. How to identify the breakouts and catch the big moves.  The opening range is one of the most important chart patterns to learn and make trades in the futures or stock markets.  Opening range levels act as a magnet to the price action.

Configure the strategy with your entries/exits, stop loss, trailing stop, breakeven, and multiple profit targets. Trade 1 or 100 contracts with no restrictions on the software. Here were trading Crude Oil and its trending down and sells off. 

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 with it.  No restrictions on the strategy trade 1 or 100 contracts. 

Opening Range Breakout

Opening Range Breakout Trading

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Opening Range Breakout
Opening Range Breakout Strategy
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Trading123 indicators and strategies are applicable to all global markets and various time frames including minute, daily, tick, volume, and Renko. You must use the most updated version of NinjaTrader 8 for our software to work.  Our software only works with the Ninjatrader trading platform.

Above all, we provide superior support for our software by phone or email, and all emails are answered within 2-3 hours. All sales are final, there are no refunds on the opening range breakout strategy.  The item you are purchasing is a digital download. By downloading the indicator you have taken ownership of the item, there are no refunds or exchanges. 

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