Big Daddy Max ORB Strategy by MrWickTrading
By MrWickTrading
Performance Metrics
- Author: MrWickTrading
- Symbol: CME_MINI:MNQ1!
- Timeframe: 15 minutes
- Net P&L: +4,219.00 USD (+8.44%)
- Win Rate: 48.7%
- Profit Factor: 1.205
- Max Drawdown: 1,925.00 USD (3.70%)
- Total Trades: 308
Description
Big Daddy Max ORB Strategy | Scam or Slam SeriesThis script is part of my Scam or Slam series, where I take popular trading concepts, code them into TradingView strategies, and backtest them properly to see if the idea actually has an edge — or if it only looks good in hindsight.This strategy is based around the classic Opening Range Breakout concept.The script builds an opening range using the selected ORB window, then looks for two main trade types:1. Continuation Entries If price closes above the ORB high, the strategy can enter long. If price closes below the ORB low, the strategy can enter short.2. Reversal Entries If price breaks out of the ORB but then closes back inside the range, the strategy can treat that as a failed breakout and enter in the opposite direction.The strategy includes adjustable settings for:• ORB session window• Trading window• Take profit RR• Contract / quantity size• Continuation entries on/off• Reversal entries on/off• Stop loss at ORB midpoint or opposite ORB side• Close trades at session end• Entry, stop loss, and take profit visuals• Risk/reward boxes• ORB high, low, and midpoint levelsThe script now works across all chart timeframes. Lower timeframes will give a more precise ORB, while higher timeframes will naturally be less detailed because they use fewer candles to build the range.This is designed for backtesting and educational purposes only. The goal is not to claim that the strategy is profitable out of the box, but to test the logic properly and see whether the concept is a Scam or a Slam.As always, this is not financial advice. Do your own research, test everything yourself, and never risk money you cannot afford to lose.