Opening Range Breakout (ORB) - Intraday Trading System

Discussion in 'Day Trading' started by Cubt, Sep 23, 2013.

  1. augubhai

    augubhai Well-Known Member

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    OK, here's the thinking behind my method of ORB...

    Open the daily chart. How many bars do you see that open at one end and close at the other end? If we capture even some of those bars, could we be in profit?

    I traded this mechanically, but if we are smart, we can get better results.
     
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  2. Happy_Singh

    Happy_Singh Well-Known Member

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    Look at today's opening price action on BNF, the EMAs look like lost puppies . . .

    The ORB however worked great and if you use targets they are already done :)

    as i said MAs do not work for failures // reversals . . .

    :) Happy
     
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  3. Cubt

    Cubt Well-Known Member

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    No, it was not consistent loss but the profits u got in between was very less during that period...but in total for 2 to 3 months the total loss was 800 points.
     
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  4. jamit_05

    jamit_05 Well-Known Member

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    That's rigorous. I guess one ought to pay this price if he wants an automaton.
     
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  5. rkkarnani

    rkkarnani Well-Known Member

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    Please mention the exact period when this Loss happened !
     
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  6. Cubt

    Cubt Well-Known Member

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  7. shruti.trader

    shruti.trader Active Member

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    I have add this above code with Price..But it giving errors.
    Kindly check


    hello Cubt,

    Above ORB system backtest results are on Nifty???


    Thanx you all.
     
  8. Cubt

    Cubt Well-Known Member

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    Yes, results are for nifty
     
  9. jamit_05

    jamit_05 Well-Known Member

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    Cubt,

    Could you change the exits in all the buy and sell trades. I mean, how about checking the results for two settings:

    1) With all exits to 1R or EOD. And
    2) With all exits to 0.50R or EOD.

    If it is an intraday method, then expectations should be small.

    Eagerly waiting. Hoping that the DD and profits will both comedown proportionally making the system agreeable.
     
  10. rkkarnani

    rkkarnani Well-Known Member

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    Nice suggestion ! Also , can we have a coloumn, where we can clock the max points our trade moved before we exited or SL hit.
     
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