Entry and Exit Criteria

Every ORB trade needs three things: a clear entry point, a defined target, and a predetermined stop. ORB Setups calculates all three for you automatically across 600+ symbols with a 2-second refresh rate. Here’s how to use these levels in your trading.

Entry Criteria

Your entry triggers when price breaks through the opening range boundary. The platform detects these breakouts in real-time across 5-minute, 15-minute, and 30-minute timeframes.

Long Entry

A long entry triggers when price breaks above the opening range high. The exact entry price is one penny above the high of the opening range. This small buffer confirms that the breakout is real, not just a wick touching the level.

Short Entry

A short entry triggers when price breaks below the opening range low. The entry price is one penny below the low of the opening range. The same logic applies: you want confirmation that price has actually broken through, not just tested the level.

Target Levels

ORB Setups provides two target options for every setup. Your choice depends on your trading style, the specific symbol’s historical performance, and current market conditions.

Half Range Target

The half range target sits at 50% of the opening range width, measured from the breakout level. For a long trade, you add half the range width to the opening range high. For a short trade, you subtract half the range width from the opening range low.

This target is more conservative and gets hit more frequently. The Backtester shows you exact win rates for half range targets across 150,000+ historical setups.

Full Range Target

The full range target sits at 100% of the opening range width, measured from the breakout level. This is a more aggressive target that captures larger moves but has a lower hit rate.

Use the Backtester to compare half range vs. full range performance for specific symbols. Some stocks consistently reach the full range target; others rarely do. The data from 1.6M backtested trades shows you which is which.

Stop Levels

Your stop placement determines your risk on each trade. ORB Setups offers two stop options that pair with the target levels above.

Half Range Stop

The half range stop sits at the midpoint of the opening range. For long trades, this means your stop is inside the opening range at the 50% level. For short trades, the same logic applies in reverse.

This tighter stop gives you a better risk/reward ratio when paired with a full range target. However, it also increases the chance of getting stopped out on normal price fluctuations.

Full Range Stop

The full range stop sits on the opposite side of the opening range. For long breakouts, your stop goes just below the opening range low. For short breakouts, your stop goes just above the opening range high.

This wider stop gives the trade more room to work but requires larger position sizing to maintain the same dollar risk.

Risk/Reward Ratios

The Live Scanner calculates risk/reward ratios automatically for every setup. Here’s how the combinations work:

• Half range stop + Full range target: 1:2 risk/reward (risk 1 to make 2)
• Half range stop + Half range target: 1:1 risk/reward
• Full range stop + Full range target: 1:1 risk/reward
• Full range stop + Half range target: 2:1 risk/reward (not recommended)

You can see the risk/reward ratio displayed on each Trade Card in the Live Scanner. This saves you from doing the math manually and helps you quickly filter for setups that match your trading criteria.

Choosing Your Settings

There’s no single “best” combination of targets and stops. The right choice depends on:

• Your win rate tolerance: Tighter stops and wider targets lower your win rate but increase your average winner.
• The specific symbol: Some stocks move cleanly to the full range target. Others chop around and stop you out. The Backtester shows you which is which.
• The timeframe: 5-minute, 15-minute, and 30-minute opening ranges have different characteristics. Test each in the Backtester before committing capital.
• Current market conditions: High volatility days may warrant wider stops. Low volatility days may favor tighter targets.

The Backtester lets you test any combination across 600+ symbols using 150,000+ historical setups. Run the numbers before you trade. That’s the whole point of having 1.6M backtested trades at your fingertips.