Crazy ORB V2.1 NQ Breakout Optimization
Crazy ORB V2.1 – Precision Opening Range Breakout Strategy for NQ on 5min Chart
Overview
Crazy ORB V2.1 is an automated Opening Range Breakout (ORB) trading strategy designed to identify high-quality breakout opportunities using volatility-based confirmation, candle strength, and breakout extension filters.
The strategy focuses on the opening range established between 9:00 AM and 9:15 AM Eastern Time, then looks for confirmed directional breakouts during the regular trading session.
Rather than entering on every opening-range breakout, Crazy ORB uses multiple confirmation filters to help avoid weak breakouts, premature entries, and excessively extended price moves.
Strategy Methodology
1. Opening Range Identification
Establishes the opening range using the 9:00–9:15 AM New York session.
Records the session high and low.
Uses these levels as the primary breakout reference points.
2. ATR-Based Breakout Buffer
Requires price to break beyond the opening-range high or low.
Uses a 0.20 ATR breakout buffer to require additional price movement beyond the range.
Helps filter marginal breakouts and potential false signals.
3. Strong Candle Confirmation
Requires a minimum candle body percentage of 55%.
Long entries require bullish candle confirmation.
Short entries require bearish candle confirmation.
4. Maximum Breakout Extension Filter
Uses a 1.2 ATR maximum extension setting.
Helps prevent entries when price has already moved too far from the opening-range boundary.
Designed to avoid chasing excessively extended breakout moves.
5. ATR-Based Risk Management
Uses a 14-period Average True Range.
Initial protective stop is calculated using a 1.5 ATR multiple.
Position sizing is calculated using a configurable dollar risk budget.
Includes adjustable minimum and maximum contract limits.
6. Fixed Profit Target
Uses a configurable take-profit target.
Default setting: 50 ticks.
Long and short positions use separate calculated profit targets.
7. Trading Session Controls
Opening range: 9:00–9:15 AM ET.
Entry window: 9:30 AM–11:00AM ET.
Maximum of two trades per day by default.
Automatically closes open positions at the configured end-of-day time.
Default Strategy Settings
Parameter
Default
ATR Length
14
Initial Stop
1.5 ATR
Breakout Buffer
0.20 ATR
Maximum Extension
1.2 ATR
Minimum Candle Body
55%
Take Profit
50 ticks
Maximum Daily Trades
2
Risk Budget
$500
Backtesting Results
The following results were reported during historical strategy testing with the optimized breakout settings:
Total trades: 45
Winning trades: 40
Losing trades: 5
Win rate: 88.9%
Profit factor: 4.68
Net profit: $20,145
Maximum drawdown: $3,100
Historical backtest results are not guarantees of future performance. Results depend on the tested instrument, timeframe, date range, execution assumptions, commissions, and slippage.
Intended Use
Crazy ORB V2.1 is designed for traders who prefer structured opening-range breakout trading with volatility-based confirmation and predefined risk management.
The strategy is configurable and can be tested across different instruments and chart timeframes. Contract sizing, ATR parameters, breakout filters, and profit targets should be adjusted and independently validated for each market.
Important: This is an automated trading strategy for research and backtesting purposes. Always evaluate execution assumptions and risk exposure before using it with live capital.
Overview
Crazy ORB V2.1 is an automated Opening Range Breakout (ORB) trading strategy designed to identify high-quality breakout opportunities using volatility-based confirmation, candle strength, and breakout extension filters.
The strategy focuses on the opening range established between 9:00 AM and 9:15 AM Eastern Time, then looks for confirmed directional breakouts during the regular trading session.
Rather than entering on every opening-range breakout, Crazy ORB uses multiple confirmation filters to help avoid weak breakouts, premature entries, and excessively extended price moves.
Strategy Methodology
1. Opening Range Identification
Establishes the opening range using the 9:00–9:15 AM New York session.
Records the session high and low.
Uses these levels as the primary breakout reference points.
2. ATR-Based Breakout Buffer
Requires price to break beyond the opening-range high or low.
Uses a 0.20 ATR breakout buffer to require additional price movement beyond the range.
Helps filter marginal breakouts and potential false signals.
3. Strong Candle Confirmation
Requires a minimum candle body percentage of 55%.
Long entries require bullish candle confirmation.
Short entries require bearish candle confirmation.
4. Maximum Breakout Extension Filter
Uses a 1.2 ATR maximum extension setting.
Helps prevent entries when price has already moved too far from the opening-range boundary.
Designed to avoid chasing excessively extended breakout moves.
5. ATR-Based Risk Management
Uses a 14-period Average True Range.
Initial protective stop is calculated using a 1.5 ATR multiple.
Position sizing is calculated using a configurable dollar risk budget.
Includes adjustable minimum and maximum contract limits.
6. Fixed Profit Target
Uses a configurable take-profit target.
Default setting: 50 ticks.
Long and short positions use separate calculated profit targets.
7. Trading Session Controls
Opening range: 9:00–9:15 AM ET.
Entry window: 9:30 AM–11:00AM ET.
Maximum of two trades per day by default.
Automatically closes open positions at the configured end-of-day time.
Default Strategy Settings
Parameter
Default
ATR Length
14
Initial Stop
1.5 ATR
Breakout Buffer
0.20 ATR
Maximum Extension
1.2 ATR
Minimum Candle Body
55%
Take Profit
50 ticks
Maximum Daily Trades
2
Risk Budget
$500
Backtesting Results
The following results were reported during historical strategy testing with the optimized breakout settings:
Total trades: 45
Winning trades: 40
Losing trades: 5
Win rate: 88.9%
Profit factor: 4.68
Net profit: $20,145
Maximum drawdown: $3,100
Historical backtest results are not guarantees of future performance. Results depend on the tested instrument, timeframe, date range, execution assumptions, commissions, and slippage.
Intended Use
Crazy ORB V2.1 is designed for traders who prefer structured opening-range breakout trading with volatility-based confirmation and predefined risk management.
The strategy is configurable and can be tested across different instruments and chart timeframes. Contract sizing, ATR parameters, breakout filters, and profit targets should be adjusted and independently validated for each market.
Important: This is an automated trading strategy for research and backtesting purposes. Always evaluate execution assumptions and risk exposure before using it with live capital.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.