ORB Breakout Strategy with VWAP, RSI, and Staged Exits

Summary

This strategy combines opening-range breakouts with VWAP, RSI, and an estimated order-flow filter. Traders can choose fixed, multiple fixed, or rolling opening ranges, then require a breakout retest and configurable VWAP or RSI alignment. The order-flow component smooths a delta measure; entries can be restricted by direction, trading hours, or one signal per direction per day. Risk management is configurable: stops may reference the opposite opening-range boundary, the signal candle, ATR, opening-range size, or VWAP. Up to three profit targets can use risk multiples, ATR, opening-range size, or fixed distances, with adjustable exit portions and an option to move the stop to breakeven after a target. Optional exits respond to a return inside the range or a close across VWAP. The excerpt shows extensive settings and order handling, but provides no performance results or validation. Its filters and order-flow estimate should therefore be evaluated on the intended instrument and timeframe, including realistic costs and execution.

Key ideas

• The strategy seeks opening-range breakouts, optionally waiting for a retest before entry.
• VWAP, higher-timeframe bias RSI, entry RSI, and smoothed order-flow delta can filter signals.
• Opening-range construction supports fixed windows, multiple windows, and rolling updates.
• Stops and staged profit targets can be based on range levels, ATR, risk multiples, or fixed distances.
• The source describes configurable mechanics but gives no evidence of profitability or robustness.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.