Nifty Futures ORB - Smart Trail — Strategy by gentlegyani
By gentlegyani
Performance Metrics
- Author: gentlegyani
- Symbol: NSE:NIFTY
- Timeframe: 15 minutes
Description
Strategy NameNifty Futures ORB (Opening Range Breakout) with Smart Trailing StopCategoryIntraday, trend-following breakout strategyInstrumentNifty 50 Futures (current month contract)Timeframe5-min or 1-min execution chart, with a fixed 9:15–9:30 AM opening range window (IST)Core Logic (one-line summary)Trade breakouts of the first 15 minutes' price range, in the direction of the breakout, with risk capped by a volatility-adjusted stop and profits protected by a stop that tightens as the trade matures.Entry RulesLong: Price closes above the Opening Range High (9:15–9:30 high)Short: Price closes below the Opening Range Low (9:15–9:30 low)Filters applied before any entry is allowed:Opening range width must be ≤ 0.5% of spot price (skips erratic/gap-driven opens where the range itself is too wide to trade reliably)No new entries after 2:30 PMOnly one trade per direction per day (no re-entry if price whipsaws back across the boundary)Only one position open at a time (must exit current position before reversing)Risk ManagementInitial Stop-Loss: The wider of —Opposite boundary of the opening range (structural invalidation — if price returns fully across the range, the breakout has failed), or1.5 × ATR(14) from entry (volatility floor, so the stop isn't unrealistically tight on a quiet-range day)Position Sizing: Risk a fixed % of account equity per trade, calculated from the entry-to-stop distance, rounded to whole futures lotsTrailing Stop Logic ("Smart Trail")Three layers working together:Step-down ATR trail — the trailing distance shrinks as the trade accumulates profit:0 to 1R profit: trail at 3×ATR (wide, lets the trade breathe)1R to 2R profit: trail at 2×ATRBeyond 2R profit: trail at 1×ATR (tight, protects gains aggressively)Structural swing trail — the stop also tracks the recent 5-candle swing high/low, and the system always uses whichever of the two trails (ATR or structural) sits closer to priceReversal-candle backstop — if a single candle closes against the position by more than 1×ATR, the position is closed immediately on that candle, rather than waiting for the trailing stop to be touched (catches sharp V-reversals early)Exit Rules (any one triggers a close)Trailing stop hitReversal-candle backstop triggeredHard square-off at 3:15–3:30 PM (no overnight positions, ever)