Opening range breakout
The first minutes after the open set the day's early battle lines. Mark the high and low of the opening range, then follow price when it closes outside that range.
Watch it play out
Replay plays a setup this strategy already finished and stops so you can call it. Live watches for the next one on Bitcoin (BTC-USD, 1-minute candles). Either way a setup is marked only when a candle closes, then it's locked and plays out to its target or its stop. Nothing to trade here.
How the live chart applies the rules
- 1-minute candles. The chart runs every strategy on 1-minute Bitcoin candles from Coinbase, whatever timeframe the strategy page suggests. Times are New York time.
- Closed candles only. Levels, triggers and stops are read when a candle closes. Entry is that candle's close.
- One setup at a time. While a setup is playing out, the same strategy doesn't start another.
- Sensible risk only. A setup counts only if its stop is between a quarter and 6 times the average candle range (ATR 14) from entry (wider for session-range strategies), and its target is at least 0.75R away.
- How a setup ends. At its target or its stop. If one candle touches both, the stop counts. A setup also ends at any exit its page names, and after 120 candles (longer for trend and session strategies) if nothing is hit.
- Replays. A replay plays the latest setup this strategy finished on the live chart's recent history, sped up. It's the same setup the live chart confirmed, with the same entry, stop and result. If the strategy hasn't finished one recently, the replay uses example candles and says so.
- The trading day. A day runs 6:00 PM to 6:00 PM ET, like futures. VWAP restarts at 6:00 PM, and "yesterday" means the last full trading day.
How Opening range breakout works
- 1Where's the level?
- The high and low of the first 15 minutes after 9:30 ET (5 and 30 minutes are common variations).
- 2What's the trigger?
- Between 9:45 and 11:30 ET, a candle closes above the range high (long) or below the range low (short). Two attempts per day at most.
- 3Where is it wrong?
- The opposite side of the range, or the middle of the range if the range is wide.
- 4Where does it end?
- 2R, and flat at 11:30 ET if neither the target nor the stop is hit.
- Markets
- Futures, Stocks
- Timeframes
- 1m to 5m
- Sessions
- New York open (9:30 ET)
- Also called
- ORB, 15-minute opening range
What it means
The first minutes after the open set the day's early battle lines. Mark the high and low of the opening range, then follow price when it closes outside that range.
How it is confirmed without repainting
The range is final only when its last candle closes at 9:45 ET. Nothing is drawn as final before then.
When it fails
Price closes back inside the range, or the range is unusually wide compared with recent days.
Education only. Prop Firm Duel does not provide trade signals or financial advice. This page explains how the strategy is commonly defined. Past results never guarantee future results.
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