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.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
Click the link in my bio to join my FREE discord
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
Click the link in my bio to join my FREE discord
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.