ORB + Key Session Levels Strategy by Edthatch21
By Edthatch21
Performance Metrics
- Author: Edthatch21
- Symbol: COMEX_MINI:MGC1!
- Timeframe: 5 minutes
- Net P&L: +4,826.00 USD (+48.26%)
- Win Rate: 61.5%
- Profit Factor: 1.613
- Max Drawdown: 2,050.00 USD (16.12%)
- Total Trades: 39
Description
This is an Opening Range Breakout (ORB) strategy with optional retest entries, plus a bunch of context levels (previous day high/low, Asian/London/NY session highs/lows, and Fair Value Gaps) drawn on the chart to help you see where price is relative to key liquidity/structure zones.Release NotesThis is an Opening Range Breakout (ORB) strategy with optional retest entries, plus a bunch of context levels (previous day high/low, Asian/London/NY session highs/lows, and Fair Value Gaps) drawn on the chart to help you see where price is relative to key liquidity/structure zones.What it tradesOnce per day (reset at a new day), it builds an Opening Range from a user-defined start time (default 9:30 ET) for a set duration (default 15 minutes). From that range it defines:ORB HighORB LowORB Midpoint (average of high and low)After the opening range is finished (“ORB complete”), the script watches for price to break out of that range and takes trades based on your selected entry mode.