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.
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
Click the link in my bio to join my FREE discord
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
Click the link in my bio to join my FREE discord
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。