Anyone Using ORB successfully?

Discussion in 'Strategy Development' started by ehsmama, Apr 27, 2013.

  1. ehsmama


    I am planning to Test its variations. But Just curious if anyone uses automated version of ORB and has positive P&L
  2. What is ORB?
  3. jo0477


    Opening Range Breakout. I'd be curious to see if anyone has an automated version of the ACD method. There is a really good thread here but I haven't checked it in awhile, may find something there in regards to coding it.
  4. ofthomas

  5. ehsmama


    This definitation is very simplified version of what actually are the conditions for ORB as defined be Tony Crable in his book.
    The real system is actually quite a few more conditions
  6. Straight ORB just takes the breakout in either direction. Crabel added a bias to the ORB using bar patterns. So if the price pattern predicted an up move to be more likely he only took upside breakouts.