Open Range BreakOut Trading Algorithm has been designed as an automated trading system for the Tradestation platform to harness the ability to trade multiple assets simultaneously and to minimize morning entries execution time and provides exit management. This is a Day Trading Strategy and has been designed to take all contracts off at the End of Day if any targets have not been hit.

This strategy compliments the Open Range BreakOut Study so you can set up your charts visually during your Pre-Market Analysis with the Indicator and then confidently adjust the Algo’s parameters to match your analysis. It is recommended to view the ORBO Article for more information and capabilities of this study.

This strategy can work on all Futures assets.

Every Trader's strategy should include Automation in today's demanding markets!


Open Range BreakOut Algorithm
ORBO Algo Article
Risk Disclaimer Documentation
Risk
Disclaimer

Features:

  • Optimal when used with Open Range BreakOut Study
  • Automated or Confirmation Entries
  • Tunable Stop Loss with Tick Offset from ORBO Candle High/Low
  • Tunable Exits at Daily ATR Targets
  • Tunable Exits at Reward to Risk Targets
  • Use RR Inputs to place Targets at Support/Resistance or Supply/Demand Zones

Algorithmic BreakOut Trading Media

Open Range Breakout Algorithm
TradeStation Open Range Breakout Algorithm
Open Range Breakout Algorithm

STANDARD

$159.991 Month License

  • ORBO Study NOT Included
  • Documentation Provided
  • With Paid Subscription

PREMIUM

$1599.991 Year License

  • ORBO Study NOT Included
  • Documentation Provided
  • With Paid Subscription

ULTIMATE

$7999.99Lifetime Subscription

  • ORBO Study NOT Included
  • Documentation Provided
  • With Paid Subscription



Discount Incentives: We offer Student & Military Discounts for PREMIUM & ULTIMATE Licenses only. Please Contact Us for an individual invoice.

DISCLAIMER

Algo Chart Pro is a software company. We are not in the business of providing financial or investment advice, nor are we registered with the proper authorities to do so. The product we provide (both the software and its associated documentation, examples, etc.) is for educational purposes only and should never be construed as providing trading or investment recommendations or advice. Any decisions you make using this product are made at your own risk and are yours and yours alone. Remember that trading is inherently risky, and traders may sustain losses greater than their investments regardless of which asset classes are traded. Before trading, carefully consider the risks involved in light of your financial condition and never trade money you can't afford to lose.

Required US Government Disclaimers: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed here. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN ACTUALLY EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.