OPEN-SOURCE SCRIPT
15 Min ORB Real Version MNQ
Opening Range Breakout (Real Version) – 15M | MNQ
A professional-grade Opening Range Breakout strategy built for MNQ Micro Futures. Unlike traditional ORB systems that trigger on any wick through the range, this strategy requires a full candle close outside the range with volume confirmation — eliminating the false breakouts that destroy most retail ORB systems.
How It Works
The first 30 minutes of the NY session (9:30–10:00AM ET) defines the Opening Range. This range represents the market's indecision zone at open — the battleground between buyers and sellers. Once the range is locked, the strategy waits for a decisive, volume-confirmed breakout.
Entry Logic
Opening range built from 9:30–10:00AM ET and locked at 10:00AM
Entry triggers on a full candle CLOSE above the range high (long) or below the range low (short)
Volume confirmation required — breakout bar must exceed 1.5x average volume
Retest entry included — if price breaks out then pulls back to the range edge and holds, a second entry fires
One trade per direction per session
Exit Logic
TP1 at 35% of ORB range extension — closes 50% of position
TP2 at 100% of ORB range extension — runner
Breakeven stop activated after TP1 hit
Stop placed at opposite side of ORB range
All positions closed by 3:50PM ET
Risk Management
$500 max daily loss limit
Breakeven stop on runner — worst case is a scratch trade, never a full loss on TP2
EOD forced flat — no overnight exposure
Backtested Results (Sep 2025 – Apr 2026)
Profit Factor: 1.624
Win Rate: 71%
Total Return: +27.36%
Max Drawdown: 11.27%
Recommended Settings
Instrument: MNQ1! (Micro NQ Futures)
Timeframe: 15m
Session: NY Open (9:30AM–11:00AM ET)
A professional-grade Opening Range Breakout strategy built for MNQ Micro Futures. Unlike traditional ORB systems that trigger on any wick through the range, this strategy requires a full candle close outside the range with volume confirmation — eliminating the false breakouts that destroy most retail ORB systems.
How It Works
The first 30 minutes of the NY session (9:30–10:00AM ET) defines the Opening Range. This range represents the market's indecision zone at open — the battleground between buyers and sellers. Once the range is locked, the strategy waits for a decisive, volume-confirmed breakout.
Entry Logic
Opening range built from 9:30–10:00AM ET and locked at 10:00AM
Entry triggers on a full candle CLOSE above the range high (long) or below the range low (short)
Volume confirmation required — breakout bar must exceed 1.5x average volume
Retest entry included — if price breaks out then pulls back to the range edge and holds, a second entry fires
One trade per direction per session
Exit Logic
TP1 at 35% of ORB range extension — closes 50% of position
TP2 at 100% of ORB range extension — runner
Breakeven stop activated after TP1 hit
Stop placed at opposite side of ORB range
All positions closed by 3:50PM ET
Risk Management
$500 max daily loss limit
Breakeven stop on runner — worst case is a scratch trade, never a full loss on TP2
EOD forced flat — no overnight exposure
Backtested Results (Sep 2025 – Apr 2026)
Profit Factor: 1.624
Win Rate: 71%
Total Return: +27.36%
Max Drawdown: 11.27%
Recommended Settings
Instrument: MNQ1! (Micro NQ Futures)
Timeframe: 15m
Session: NY Open (9:30AM–11:00AM ET)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.