What Is an Opening Range Breakout Strategy?

The Opening Range Breakout (ORB) strategy focuses on price breaking above or below a predefined range formed during the beginning of a trading session.

A basic approach:

1. Define the opening range.

2. Mark its high and low.

3. Wait for a breakout.

4. Look for confirmation and participation.

5. Define your entry, stop loss, and target.

A false breakout can happen, so blindly entering every range break is risky.

The opening range duration should be selected and tested according to the instrument and session.

Do you prefer a 5-minute, 15-minute, or 30-minute opening range?