Anyone Using ORB successfully?

[ehsmama]

I am planning to Test its variations. But Just curious if anyone uses automated version of ORB and has positive P&L

 

[SunnyIsles]

What is ORB?

 

[jo0477]

Quote from SunnyIsles:

What is ORB?

Opening Range Breakout. I'd be curious to see if anyone has an automated version of the ACD method. There is a really good thread here but I haven't checked it in awhile, may find something there in regards to coding it.

 

[ofthomas]

Quote from jo0477:

Opening Range Breakout. I'd be curious to see if anyone has an automated version of the ACD method. There is a really good thread here but I haven't checked it in awhile, may find something there in regards to coding it.

http://www.screencast.com/t/nL9fDXZW

 

[ehsmama]

Quote from ofthomas:

http://www.screencast.com/t/nL9fDXZW

This definitation is very simplified version of what actually are the conditions for ORB as defined be Tony Crable in his book.
The real system is actually quite a few more conditions

 

[stevegee58]

Straight ORB just takes the breakout in either direction. Crabel added a bias to the ORB using bar patterns. So if the price pattern predicted an up move to be more likely he only took upside breakouts.