15 min Break up/down Strategy
ORB 15 mins break out or break down
1st 15 minute range breakout system for day trading
Opening Range Breakout Trading Strategy
Opening range breakout (ORB) is a widely followed strategy. ORB is a fairly simple strategy where one takes a trade when the previous candle's high or low breaks. Anytime frame can be used for analysis. ORB is obtained by marking of high and low of a given candle on a 15-minute or 30-minute chart.
15 Min Break Down Strategy- Testing Technical & Fundamental stock screener, scan stocks based on rsi, pe, macd, breakouts, divergence, growth, book vlaue,
close crosses below opening range (low, 15 min). Since streak presently supports long-only or short-only strategies, you can create the sell strategy.
Trading Rules :
1. You need to allow the markets or stocks to form the range. If the stock opens with a huge gap up or gaps down, then it is not wise to use this trading strategy.
2. Line Draw High/Low: Find out the High and Low of the range.
3. ORB Range Chart: 5 Minutes Candlestick Chart Time frame. First, you need to choose the time frame of the chart. you need to find out the high and low range from the chart of a particular stock or index.
4. So, I prefer to consider first 15 min from the market opens as an opening range. 15 min that is from 9.15 AM to 9.30 AM – Indian Standard Time. I believe that the first 15 min will be volatile and then market consolidates in the next 15 min.
5. Buy - when the stock moves/crosses above the Opening Range High.
6. Sell - when the stock moves/crosses below the Opening Range Low.
7. Stop loss—
a. Buy Any Stock - Low of the Opening Range is Stop loss. Stop should be placed at Opening Range Low.
b. Sell any Stock - High of the Opening Range is Stop loss. Stop should be placed at Opening Range High.
8. Good consolidation before the breakout. - A clean breakout. High volume near the breakout level.
9. Target/Exit Plan: Fib Retracement 1.62 Level Our 1st Target, & 2nd Target 2.62 Levels.
ORB || Open Range Breakout || 15 Min Breakout Intraday Strategy Video Link ..๐๐๐
Opening range breakout trading strategy lets you quickly fetch some money from day trading. However, try to exit as early as possible and lock your profits.
I believe this strategy will surely help you to make money from online trading.
If you want to add some other parameters that make this strategy more profitable, then please comment below. Your views and suggestion are always welcome.
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