Elite Hybrid ORB [Artillery] — Strategy by ArtilleryTrades
By ArtilleryTrades
Performance Metrics
- Author: ArtilleryTrades
- Symbol: CME_MINI:MNQ1!
- Timeframe: 5 minutes
- Win Rate: 45.0%
- Profit Factor: 0.861
Description
Elite Hybrid ORB is a session opening-range breakout (ORB) strategy with a session-anchored VWAP, an EMA trend ribbon and a live status dashboard. This publication consolidates the previous per-market "MNQ Elite Hybrid" and "NKD Elite Hybrid" scripts into one configurable engine: the trading logic was identical in both, so instead of separate market-specific publications there is now a single script with a session preset input (US Open, Asia/Nikkei hours, or a fully custom window). Pick the preset that matches your market and session - nothing else about the engine changes.WHAT IT DOES1) Opening range - at the start of the selected session, the script records the high and low of the first N minutes (default 30). That range becomes the day's decision zone.2) Breakout entries - after the range completes, a close above the range high plus a buffer (a percentage of the range width) signals a long; a close below the range low minus the buffer signals a short. A long-only mode is included for markets or sessions where you do not want to fade strength.3) Bracket exits - every entry ships with a stop at the opposite side of the range and a take-profit at a multiple of the range width (default 1x). Positions are force-flattened 15 minutes before the session ends, so nothing is held past the window.4) Guard rails - a maximum number of trades per session, a sanity cap on the opening-range width in ticks (abnormally wide ranges are skipped), and one position at a time.The session VWAP and the 9/21 EMA ribbon are context layers: they do not gate entries, they show at a glance whether the breakout is travelling with or against the session's volume-weighted mean and the short-term trend.WHY ONE SCRIPT INSTEAD OF TWOThe old MNQ and NKD versions shared this exact engine and differed only in the hard-coded session window and the long-only default. That is configuration, not logic, so it belongs in an input. The preset selects only the time window (all times anchored to New York): US Open covers 9:30-13:00 ET, Asia covers 19:00-23:00 ET (the Tokyo morning), and Custom exposes the window directly for any other market.BACKTEST PROPERTIES (documented so you can judge the report)The report uses realistic properties for one micro futures contract: 50,000 initial capital, fixed size of 1 contract, commission of 4.00 per contract per side, 2 ticks of slippage, 10% margin. Risk per trade is defined by the opening-range width (stop at the far side of the range), which on a micro contract is a small fraction of capital. The defaults shown were run on MNQ, 5-minute bars, US Open preset. Other symbols, sessions or timeframes need their own settings - especially the max-range-width cap, which should be set relative to the symbol's tick size. Backtest results are historical, vary with the tested window, and do not predict future performance.WHAT YOU SEE ON THE CHART- The opening range as a shaded zone with high/low lines, midpoint crosses and dotted buffer levels- The session VWAP (gold) and the EMA 9/21 ribbon tinted by trend direction- Entry labels with the exact entry, stop and target prices, plus the strategy's own trade markers- Background tints for the range-building phase, the active trading window and the pre-close flatten warning- A dashboard with the range status and width, VWAP bias, trend state, ATR, fill count, position and the active session presetEach visual layer has its own on/off input.BEHAVIOUR NOTESEntries are evaluated on closed bars only (no intrabar order generation, no higher-timeframe requests, no lookahead). The opening range only becomes tradable after its build window has fully elapsed, so the zone does not repaint. Strategies in Pine v6 alert through their order fills - create an alert on the strategy and select order-fill events.This is an educational and analytical tool for studying session breakout behaviour. It is not financial advice.