ORB 5M + VWAP + Braid Filter + TP 2R o Niveles Previos — Strategy by Ay_bXr
By Ay_bXr
Performance Metrics
- Author: Ay_bXr
- Symbol: NASDAQ:AMZN
- Timeframe: 5 minutes
- Net P&L: +17,356.33 USD (+1.74%)
- Win Rate: 60.4%
- Profit Factor: 7.805
- Max Drawdown: 1,328.06 USD (0.13%)
- Total Trades: 53
- Sharpe Ratio: 0.357
Description
ORB 5-Minute Breakout Strategy SummaryStrategy Name:ORB 5M + VWAP + Braid Filter + TP 2R or Previous LevelsTimeframe:5-minute chartTrading Window:9:35 AM to 11:00 AM (New York time)✅ Entry Conditions:Opening Range: Defined from 9:30 to 9:35 AM (first 5-minute candle).Breakout Entry:Long trade: Price breaks above the opening range high.Short trade: Price breaks below the opening range low.Confirmation Filters (All must be met):Strong candle (green for long, red for short).VWAP in the direction of the trade.Braid Filter by Mango2Juice supports the breakout direction (green for long, red for short).📉 Stop Loss:Placed at the opposite side of the opening range.🎯 Take Profit (TP):+2R (Risk-to-Reward Ratio of 2:1),orClosest of the following: previous day’s high/low or premarket levels.⚙️ Additional Rules:Only valid signals between 9:35 and 11:00 AM.Only one trade per breakout direction per day.Filter out "trap candles" (very small or indecisive candles).Avoid trading after 11:00 AM.📊 Performance Goals:Maintain a high Profit Factor (above 3 ideally).Focus on tickers with good historical performance under this strategy (e.g., AMZN, PLTR, CVNA).