Crazy ORB V2.1 NQ Breakout Optimization — Strategy by shaunjohnson
By shaunjohnson
Performance Metrics
- Author: shaunjohnson
- Profit Factor: 4.68
- Total Trades: 45
Description
Crazy ORB V2.1 – Precision Opening Range Breakout Strategy for NQ on 5min ChartOverviewCrazy ORB V2.1 is an automated Opening Range Breakout (ORB) trading strategy designed to identify high-quality breakout opportunities using volatility-based confirmation, candle strength, and breakout extension filters.The strategy focuses on the opening range established between 9:00 AM and 9:15 AM Eastern Time, then looks for confirmed directional breakouts during the regular trading session.Rather than entering on every opening-range breakout, Crazy ORB uses multiple confirmation filters to help avoid weak breakouts, premature entries, and excessively extended price moves.Strategy Methodology1. Opening Range IdentificationEstablishes the opening range using the 9:00–9:15 AM New York session.Records the session high and low.Uses these levels as the primary breakout reference points.2. ATR-Based Breakout BufferRequires price to break beyond the opening-range high or low.Uses a 0.20 ATR breakout buffer to require additional price movement beyond the range.Helps filter marginal breakouts and potential false signals.3. Strong Candle ConfirmationRequires a minimum candle body percentage of 55%.Long entries require bullish candle confirmation.Short entries require bearish candle confirmation.4. Maximum Breakout Extension FilterUses a 1.2 ATR maximum extension setting.Helps prevent entries when price has already moved too far from the opening-range boundary.Designed to avoid chasing excessively extended breakout moves.5. ATR-Based Risk ManagementUses a 14-period Average True Range.Initial protective stop is calculated using a 1.5 ATR multiple.Position sizing is calculated using a configurable dollar risk budget.Includes adjustable minimum and maximum contract limits.6. Fixed Profit TargetUses a configurable take-profit target.Default setting: 50 ticks.Long and short positions use separate calculated profit targets.7. Trading Session ControlsOpening range: 9:00–9:15 AM ET.Entry window: 9:30 AM–11:00AM ET.Maximum of two trades per day by default.Automatically closes open positions at the configured end-of-day time.Default Strategy SettingsParameterDefaultATR Length14Initial Stop1.5 ATRBreakout Buffer0.20 ATRMaximum Extension1.2 ATRMinimum Candle Body55%Take Profit50 ticksMaximum Daily Trades2Risk Budget$500Backtesting ResultsThe following results were reported during historical strategy testing with the optimized breakout settings:Total trades: 45Winning trades: 40Losing trades: 5Win rate: 88.9%Profit factor: 4.68Net profit: $20,145Maximum drawdown: $3,100Historical backtest results are not guarantees of future performance. Results depend on the tested instrument, timeframe, date range, execution assumptions, commissions, and slippage.Intended UseCrazy ORB V2.1 is designed for traders who prefer structured opening-range breakout trading with volatility-based confirmation and predefined risk management.The strategy is configurable and can be tested across different instruments and chart timeframes. Contract sizing, ATR parameters, breakout filters, and profit targets should be adjusted and independently validated for each market.Important: This is an automated trading strategy for research and backtesting purposes. Always evaluate execution assumptions and risk exposure before using it with live capital.