The book “Day trading with short-term price patterns and Opening Range Breakout" by trader Toby Crabel is probably the best-known publication on this day trading strategy.
It's a fairly simple trading approach for traders that WILL be used by both professionals and novice traders alike. In the pre-market opening phase (e.g. Dax - time from 8:00 a.m. to 9:00 a.m.) one or more trades (stop entry) are placed in the market. These positions will then traded on the exchange on the breakout (high volatility) through the market open.
This innovative strategy allows you to take advantage of market volatility and make successful trades without investing a lot of time and energy. The Open Range Breakout strategy uses a combination of automated trading and advanced algorithms to implement the strategy. Through analysis, the strategy can automatically execute trades based on predefined rules and parameters.
With the ORB EA trading robot - Open Range Breakout Expert Advisor we have programmed a fully automatic AutoTrading system for CFD trading. This EA uses the Metatrader MT4 or the MetaTrader MT5 as trading platform. This trading strategy or trading system is purely a day trading strategy.
There are some trading videos about the Open Range Breakout EA ( ORB EA).
Every trader wants to make a profit on the stock exchange (financial markets). Unfortunately, the reality is different. This is only possible with "hard work". If you want to trade, you need a few things: money, time, knowledge, discipline and a good Expert Advisor. You've come to the right place.
The Open Range Breakout trading robot automates the trading process and executes trades based on the strategy's predefined rules. This saves time and reduces the emotional burden on the trader. The ORB EA can react quickly to market movements and execute trades in seconds. This can increase the trader's profit and minimize losses. Our trading robot trades according to a predefined trading strategy and fixed rules, which ensures consistent trading. This minimizes the risk of impulsive trading decisions and mistakes. An important aspect is also the risk management, which was also integrated in the EA (Expert Advisor).
It is important to note that the success of a trading bot depends on many factors, including the quality of the trading strategy, the bot's parameters, and market conditions. It is therefore advisable to do thorough research and educate yourself before investing in a trading bot.
Our clients have already achieved impressive results using the Open Range Breakout strategy. Some have even increased their income significantly by trading futures and forex. Give it a try and see for yourself how successful you can be with Open Range Breakout! For this reason we offer a 14-day demo version for testing our trading robot. you will be on will not find a better price/performance ratio on the market. Convince yourself and download your demo version today.