OPEN-SOURCE SCRIPT
Big Daddy Max ORB Strategy
Big Daddy Max ORB Strategy | Scam or Slam Series
This script is part of my Scam or Slam series, where I take popular trading concepts, code them into TradingView strategies, and backtest them properly to see if the idea actually has an edge — or if it only looks good in hindsight.
This strategy is based around the classic Opening Range Breakout concept.
The script builds an opening range using the selected ORB window, then looks for two main trade types:
1. Continuation Entries
If price closes above the ORB high, the strategy can enter long.
If price closes below the ORB low, the strategy can enter short.
2. Reversal Entries
If price breaks out of the ORB but then closes back inside the range, the strategy can treat that as a failed breakout and enter in the opposite direction.
The strategy includes adjustable settings for:
• ORB session window
• Trading window
• Take profit RR
• Contract / quantity size
• Continuation entries on/off
• Reversal entries on/off
• Stop loss at ORB midpoint or opposite ORB side
• Close trades at session end
• Entry, stop loss, and take profit visuals
• Risk/reward boxes
• ORB high, low, and midpoint levels
The script now works across all chart timeframes. Lower timeframes will give a more precise ORB, while higher timeframes will naturally be less detailed because they use fewer candles to build the range.
This is designed for backtesting and educational purposes only. The goal is not to claim that the strategy is profitable out of the box, but to test the logic properly and see whether the concept is a Scam or a Slam.
As always, this is not financial advice. Do your own research, test everything yourself, and never risk money you cannot afford to lose.
This script is part of my Scam or Slam series, where I take popular trading concepts, code them into TradingView strategies, and backtest them properly to see if the idea actually has an edge — or if it only looks good in hindsight.
This strategy is based around the classic Opening Range Breakout concept.
The script builds an opening range using the selected ORB window, then looks for two main trade types:
1. Continuation Entries
If price closes above the ORB high, the strategy can enter long.
If price closes below the ORB low, the strategy can enter short.
2. Reversal Entries
If price breaks out of the ORB but then closes back inside the range, the strategy can treat that as a failed breakout and enter in the opposite direction.
The strategy includes adjustable settings for:
• ORB session window
• Trading window
• Take profit RR
• Contract / quantity size
• Continuation entries on/off
• Reversal entries on/off
• Stop loss at ORB midpoint or opposite ORB side
• Close trades at session end
• Entry, stop loss, and take profit visuals
• Risk/reward boxes
• ORB high, low, and midpoint levels
The script now works across all chart timeframes. Lower timeframes will give a more precise ORB, while higher timeframes will naturally be less detailed because they use fewer candles to build the range.
This is designed for backtesting and educational purposes only. The goal is not to claim that the strategy is profitable out of the box, but to test the logic properly and see whether the concept is a Scam or a Slam.
As always, this is not financial advice. Do your own research, test everything yourself, and never risk money you cannot afford to lose.
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
Click the link in my bio to join my FREE discord
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
Click the link in my bio to join my FREE discord
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。