Recruitment of participants Opening Range Breakout Strategy

Discussion in 'NinjaTrader' started by Dron, 12 January 2024.

Stage:
Recruitment of participants
Price:
1800.00 USD
Participants':
2 of 20
Organizer:
Dron
10%
Settlement fee for participation:
92 USD
  • Participants of Joint purchase:
    1. jameszza, 2. Highlands;

    (Writing to the backup list is prohibited)

  1. Dron

    Dron Well-Known Member
    Staff Member Organizer

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    Opening Range Breakout Strategy
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    Breakout Trading - First Hour

    During the initial hour of trading, the market is typically highly volatile and presents significant opportunities for profit. To capitalize on these opportunities, our opening range trading bot employs fully automated trading to identify and execute trades based on opening range breakouts in various futures markets, such as CL, NQ, ES, YM, RTY and GC. Our strategy, which is simple to learn and implement, utilizes the NinjaTrader platform. It includes detailed instructions and videos on how to set it up and trade opening range breakouts in the financial markets. It is important to note that this strategy is only compatible with the NinjaTrader platform and will not work with other platforms.

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    Breakout Trading - ES

    An opening range is a specific time frame at the start of the trading day when the market is highly active and presents great profit opportunities. For instance, in this scenario, the market breaks out of the opening range high and hits targets. Then there is a reversal to downside, and our goal is hit. The trading strategy employed uses three contracts and achieves its intended outcome. These patterns tend to repeat and, with proper understanding, can be a valuable tool for traders.

    Live Trade ES and ORB Strategy



    ES Trading Strategy Breakout

    The chart in the video showcases the trading of the ES Emini and is subject to technical analysis. The opening range high experienced a rapid breakout, causing the price to surge towards its highs. Our targets for the first and second contracts were successfully met. Although the price trended upward, the last contract triggered a stop loss, resulting in a gain of just over a thousand dollars. These similar patterns occur on a daily basis, hence it is suggested to actively seek one or two daily trades and establish a desired profit objective.

    Configure the strategy with your entries/exits, stop loss, trailing stop, breakeven, and multiple profit targets. You can trade one contract or 20 contracts or trade the stock market with no restrictions on the software.

     
  2. sovialtn

    sovialtn Active Member

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    Hope we dont need expensive tool like this to do this

    1. USe 30minutes TF and draw high n low of those 2 candles
    2a. if next 2 candles breaks them above or below with body closes(not wicks), open trade
    2b. after body closes n it comes back inside of the top n bottom, needs to close n open new trade in the direction of yesterday POC, boz it will reach previous day POC or pivot..
    3. I use TP as 0.25% from the capital, but it almost gave above 0.60% in iNdex.. (didnt tried tried them on Forex) works perfect on Nifty