Casper SMC: 5m ORB + Retest — Strategy by hoosn1ck
By hoosn1ck
Performance Metrics
- Author: hoosn1ck
- Symbol: OANDA:XAUUSD
- Timeframe: 5 minutes
- Net P&L: +1,404.11 USD (+140.41%)
- Win Rate: 61.1%
- Profit Factor: 4.517
- Max Drawdown: 252.15 USD (10.40%)
- Total Trades: 18
Description
Casper SMC: 5m ORB + RetestThis strategy is an Opening Range Breakout (ORB) system combined with Smart Money Concept (SMC) style wick-retest entries. It is designed for 5-minute charts and trades only during the New York session.The goal is to trade confirmed breakouts followed by a controlled pullback, using fixed risk and realistic P/L calculations.────────────────────────────Core Logic Capture the Opening Range High, Low, and Mid Wait for a confirmed breakout above or below the range Look for a wick retest back into the range Enter only if the candle body stays outside the range Use fixed RR with automatic TP & SL────────────────────────────Session Rules Opening Range (ORB): 09:30 – 09:35 New York time Entries allowed only until the configured cutoff time Maximum of one trade per day If breakout fully reverses through the range, the session is cancelled────────────────────────────Entry ConditionsBullish Setup Candle closes above ORB High After breakout, a candle wicks back below ORB High Candle body remains fully above ORB High Wick depth must be within the user-defined percentage rangeBearish Setup Candle closes below ORB Low After breakout, a candle wicks back above ORB Low Candle body remains fully below ORB Low Wick depth must be within the user-defined percentage range────────────────────────────Risk Management Stop Loss: ORB Midpoint Take Profit: Risk × RR Ratio Fixed lot size for every trade Automatic TP / SL handling────────────────────────────Realistic P/L CalculationProfit and loss values are calculated using lot size and contract size:Pine Script®Profit = (TP − Entry) × ContractSize × LotSizeLoss = (Entry − SL) × ContractSize × LotSizeThis allows accurate estimation for: Forex Gold (XAUUSD) Crypto Indices────────────────────────────Visual Features ORB High / Low / Mid plotted on chart Entry labels showing expected TP & SL in USD Trade duration label displayed after exit Session cancellation warnings────────────────────────────Recommended Usage Timeframe: 5 minutes Best session: New York Instruments: Forex, Gold, Indices, Crypto Always forward-test before live trading────────────────────────────DisclaimerThis script is for educational and research purposes only. Past performance does not guarantee future results. Always manage risk and test thoroughly before trading real capital.