Nifty 10-Candle ORB v4 (Alternating Trades) — Strategy by Anupama
By Anupama
Performance Metrics
- Author: Anupama
- Symbol: NSE:NIFTY
- Timeframe: 15 minutes
- Net P&L: +5,818.00 INR (+5.82%)
- Win Rate: 54.5%
- Profit Factor: 1.442
- Max Drawdown: 994.30 INR (0.95%)
- Total Trades: 563
Description
This Open range Breakout The Opening Range Breakout (ORB) is a momentum-based volatility strategy that focuses on the high and low prices established during the first few minutes of the trading day—typically the first 15, 30, or 60 minutes. Traders identify this initial "opening range" as a key psychological boundary, entering a long position if the price breaks above the range's high or a short position if it drops below the range's low, under the premise that early institutional activity often dictates the trend for the remainder of the session. It is widely used for its clear entry and exit signals, though it requires strict risk management to navigate "false breakouts" or "whipsaws" that occur when the price briefly breaches the range before reversing.