ORB Trading Strategy with Filters #trading #forex #stockmarket #ORB #forextrading #trader

🔍 Core Concept: This strategy combines three powerful technical analysis tools: Range Breakout, the SuperTrend indicator, and a volume filter. Additionally, it features precise customization of the number of candles used to construct the breakout range, enabling optimized performance for specific assets.

🎯 How It Works:

The strategy defines a trading range at the beginning of the trading session based on a selected number of candles.

It waits for a breakout above the upper or below the lower boundary of this range, requiring a candle close.

It filters signals using the SuperTrend indicator for trend confirmation.

It utilizes trading volume to filter out false breakouts.

⚡ Strategy Features

📈 Entry Points:
Long: Candle close above the upper range boundary + SuperTrend confirmation

Short: Candle close below the lower range boundary + SuperTrend confirmation

🛡️ Risk Management:
Stop-Loss: Set at the opposite range boundary.

Take-Profit: Calculated based on a risk/reward ratio (3:1 by default).