ORB SESSIONS — Strategy by VONKAR

By VONKAR

Performance Metrics

Description

## ORB SESSIONS — Multi-Session Opening Range Breakout + Retest Strategy**ORB SESSIONS** is a multi-session Opening Range Breakout (ORB) strategy built for intraday trading across the **New York, Asia, and London** sessions, with optional overlays (PDH/PDL, session levels, FVGs) and an optional higher-timeframe bias dashboard. It is designed to standardize ORB execution with configurable **breakout vs retest** entry logic, **R-multiple targets**, optional **trailing-to-TP behavior**, and a **prop-firm “flat window”** to force risk compliance. ---## Core conceptFor each enabled session, the script:1. Builds an **opening range** (high/low, optional midline) during a configurable ORB window. 2. Trades breakouts from that range using the selected **Entry Mode**: * **Breakout**: enter on a confirmed close through the ORB boundary. * **Retest Zone**: after breakout, wait for a wick back to the broken level. * **Retest Midpoint**: after breakout, wait for a wick back to the ORB midpoint. 3. Manages risk via session-specific **Stop Loss methods** and up to **3 take-profits** expressed as **R:R multiples**. 4. Optionally uses a **trailing stop** mechanic that “arms” after price moves **N ticks beyond a TP**, then trails the stop to that TP level. 5. Optionally **re-arms** after a trade closes (with max trades/session, exit-type filter, direction filter, cooldown bars, and “bars inside ORB” requirements). ---## What’s included### Trading modules (per session)* **Session 1: New York ORB** (enable, direction filter, ORB start/duration, session end, flatten at end, SL method, TP R:R and quantities). * **Session 2: Asia ORB** (same structure). * **Session 3: London ORB** (same structure). ### Filters & controls* **Timezone selector** (all session times interpret in this timezone). * **Day-of-week filter** (enable/disable specific weekdays). * **Prop Firm Flat Window**: optionally flatten/block new entries during a specified time window. ### Visual overlays (optional)* Historical ORB lines, optional midlines, labels. * PDH/PDL, Asian/London/NY session overlays, and Fair Value Gaps (FVG) display. ---## Recommended directions for use1. **Apply to an intraday chart** (commonly 1m–15m).2. Open **Settings → Global Settings**: * Set **Timezone** to match your intended session definitions. 3. Open **Trade Settings (All Sessions)**: * Choose **Entry Mode** (Breakout vs Retest Zone vs Retest Midpoint). * Set **Contracts** and whether to show SL/TP visuals. 4. Configure each session you want to trade: * Enable/disable sessions, choose direction (long/short/both), set ORB start + duration, and define session end/flatten behavior. 5. Configure exits: * Pick an SL method (Midpoint / Opposite Side / Fixed Points) and set TP R:R levels and TP quantities per session. 6. Optional: turn on **Trailing Stop** and/or **Re-Arm**: * Trailing: arms after N ticks beyond TP, then trails stop to TP. * Re-arm: control max trades/session, cooldown bars, and re-arm conditions. ---## Alerts (automation-ready)This script is designed to run with **a single TradingView alert** that triggers only when the strategy actually fills orders.**Create ONE alert** and set:* **Condition**: this strategy* **Trigger**: **Order fills only*** **Message**: `{{strategy.order.alert_message}}` The script attaches an order-specific alert payload at fill time (Buy/Sell/Exit), so your automation receives exactly what the strategy executed. ---## Notes / expectations* ORB behavior depends on how you define each session’s ORB window and the chart’s liquidity/volatility; optimize ORB duration + SL method + TP R:R per market.* If you enable **Prop Firm Flat Window**, entries are blocked and positions can be forced flat during that period (use this to comply with rules). Note : description written by ChatGPT Release NotesAdded buffer zone for entries.

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