15-Min Opening Range Breakout — Strategy by Hardest_Easy_Money
By Hardest_Easy_Money
Performance Metrics
- Author: Hardest_Easy_Money
- Symbol: OANDA:UK100GBP
- Timeframe: 15 minutes
Description
STEP-BY-STEP RULES1. Define the Opening Range (OR)Mark the high and low of the first 15-minute candle of the session.This creates your Opening Range.Example: London session opens at 08:00 GMT. Use the 08:00–08:15 candle.2. Set Entry TriggersBuy Breakout: Place a Buy Stop order 1 pip above the Opening Range high.Sell Breakout: Place a Sell Stop order 1 pip below the Opening Range low.⚠️ Only one side should be triggered. Cancel the opposite order once one is active.3. Set Stop Loss (SL)For Buy trades:SL = Opening Range Low - 2 pipsFor Sell trades:SL = Opening Range High + 2 pipsThis ensures you give the price enough space, while keeping risk controlled.4. Set Take Profit (TP)Use either of these two approaches:✅ Fixed Risk-Reward (Preferred)Target 1: TP = 2R (i.e., 2 × SL distance)Target 2 (optional): Leave runner for 3R or trail stop behind minor S/R✅ Fixed Pip Target (alternative)TP = +50 pipsSL = -20 pipsMatches your preferred risk model of 20 SL / 50 TP5. Trade ManagementIf no breakout occurs within 1 hour, cancel the pending orders. No trade that day.If trade triggers but fails to move, consider time-based exit after 2 hours.Optional: Move SL to breakeven once price moves 1R in your favor.