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Introduction

Getting Started with ORB Setups

ORB Setups is a trading platform built for Opening Range Breakout traders. It scans 600+ stocks and ETFs in real-time, identifies breakout setups as they happen, and shows you the historical performance data for each setup before you trade.

This guide walks you through the core features and how to use them effectively.

What You Can Do with ORB Setups

The platform combines real-time scanning with backtested performance data. Here’s what that means for your trading:

  • Live ORB Scanner – Monitors 600+ symbols with a 2-second refresh rate, detecting breakouts across 5-minute, 15-minute, and 30-minute opening ranges
  • Backtested Performance Data – Every setup shows historical win rate, P/L, and trade expectancy based on 150,000+ historical setups and 1.6M backtested trades
  • Trade Cards – Pre-calculated entry, stop, and target levels for each setup based on ATR
  • Custom Watchlists – Create unlimited watchlists to focus on the symbols you trade most
Introduction - screenshot 1

How the Scanner Works

When the market opens, ORB Setups begins tracking the opening range for every symbol in its database. Once a stock breaks above or below its opening range, the scanner flags it and displays the setup with its historical performance data.

You can filter setups by:

  • Timeframe – Choose 5-min, 15-min, or 30-min opening ranges
  • Direction – Long breakouts, short breakdowns, or both
  • Win Rate – Filter for setups with higher historical win rates
  • Watchlist – View only the symbols you’ve saved to your custom lists

Understanding the Performance Data

Each setup displays backtested metrics drawn from 2 years of 1-minute candle data. You’ll see:

  • Win Rate – The percentage of times this exact setup type reached its target before hitting its stop
  • Average P/L – The average gain or loss per trade for this setup type
  • Trade Count – How many historical trades the backtest includes (larger samples are more reliable)
  • Expectancy – The expected value per trade, accounting for both wins and losses

This data helps you focus on setups with proven historical edge rather than trading every breakout that appears.

Using Trade Cards

Each setup includes a Trade Card with calculated trade parameters. The card shows your entry price (the breakout level), a stop loss based on ATR, and a target price. These levels are automatically calculated so you can evaluate the risk/reward before entering.

You can adjust the ATR multiplier in your settings to match your risk tolerance.

Next Steps

Now that you understand the basics, explore the rest of the documentation to learn how to:

  • Set up your first custom watchlist
  • Configure scanner filters for your trading style
  • Read and interpret backtest reports
  • Use the platform’s keyboard shortcuts for faster navigation

If you have questions as you explore, check the FAQ section or reach out through the support portal.

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