Opening range breakout strategy

The opening range breakout (ORB) is one of the most popular intraday strategies, especially on index futures like MNQ and NQ.

The basic idea

1. Mark the high and low of the first part of the session (for example the first 15 minutes).
2. Wait for price to break out of that range.
3. Enter in the breakout direction, often after a confirmation or retest.
4. Place a stop on the other side or at a structural level, and a target based on risk.

Common pitfalls

• False breakouts and wicks that trap traders
• Trading ranges that are too tight or too wide
• Overtrading late in the session

Tools that apply the rules for you

• ORB Suite: confirmed breakouts on MNQ 15m with pre-set TP and SL, 4 presets and an end-of-day cutoff.
• ORB Ultimate Pro: VWAP, ATR, RSI and PDH/PDL filters to skip weak breakouts.

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