ORB Scalping Strategy ($23K Withdrawal)
Loses money
No edge after realistic trading costs
- trades tested
- 3,033
- per trade after costs
- -3.52bp
- winners
- 38%
- years of data
- 14.7
Mark the high and low of the first 15 minutes after the 9:30 a.m. New York open, then wait for a 5-minute candle to break and close outside that range to set the direction. Then wait for price to pull back into a 'flip zone' (broken support now resistance, or vice versa) and enter there, stop beyond the range, target a multiple of the risk.
The exact rules we tested
- 01Instrument: NQ | Signal timeframe: 5m | Direction: both
- 02Session: 09:30-16:00 (exchange tz), flat at session end
- 03No new entries after 12:00
- 04At most 1 trade(s) per day
- 05LONG when: close crosses above or.high
- 06SHORT when: close crosses below or.low
- 07Entry: limit order resting at or.high (longs) / or.low (shorts), fills when price comes to it (expires after 12 bars)
- 08Stop: at the or.low (longs) / or.high (shorts) level
- 09Target: 3.0R (risk-multiple of stop)