The Opening Range Breakout (ORB) Entry Settings allow you to control when your bot enters a trade based on the first move of the trading day. This popular strategy uses the high and low of the opening range as breakout points, helping you capture early market momentum.
The opening range is the first part of the trading day (e.g., first 5, 15, or 30 minutes). Traders mark the highest price and lowest price during that time window.
If the market later breaks above the high, it may signal bullish momentum.
If the market breaks below the low, it may signal bearish momentum.
ORB strategies are designed to catch these directional moves.
When creating or editing an Auto Trader, you’ll find the ORB Entry Rule under Entry Settings.
Time: How long to wait before setting the opening range (e.g., 5 minutes, 15 minutes, 30 minutes).
Direction: Whether you want the bot to enter on a break above the high or a break below the low of that range.
ORB works for all assets except futures options. If used with futures options, the reference point defaults to SPY’s ORB levels.
5-Minute Breakout Strategy
Set Time = 5 minutes, Direction = High.
The bot waits 5 minutes, records the high/low, then enters if price breaks above the 5-minute high.
15-Minute Breakdown Strategy
Set Time = 15 minutes, Direction = Low.
The bot waits 15 minutes, records the range, then enters if price breaks below the 15-minute low.
30-Minute ORB Range Filter
Set Time = 30 minutes.
This creates a wider breakout range, which may help filter out false signals.
Helps you capture early-day momentum.
Filters entries until the market establishes an initial high/low.
Lets you easily automate one of the most popular day-trading strategies.
ORB waits for the first X minutes of the trading day.
Records the high and low, then trades breakouts.
Works for all assets, but futures options use SPY as reference.
Useful for momentum-based strategies.
