Strategy template · early access
Opening range breakout strategy, automated
The first 15 minutes after the New York open set a range; the first 5-minute close outside it is the signal. The bot runs it on real candles, draws each signal and posts it to your Telegram channel, built with you in early access.
What the opening range breakout is
An opening range breakout (ORB) waits for a market's open, lets the first minutes print a range, and trades the first candle that closes outside it, on the idea that the open's early order flow often picks the day's direction. It is one of the oldest intraday methods: Toby Crabel wrote it up for futures in 1990, and it is now as widely run on gold around the New York open as on stocks.
The rules leave nothing to judgement: a clock, a high and a low, a close beyond one of them. That is why it automates cleanly, and why so many traders run it by hand and miss days.
The bot's rules
- The range is the high and low of the 15 minutes from 09:30 New York, built from 3 5-minute candles.
- Buy on the first 5-minute close above the range's high; sell on the first close below its low. The first break of the day only.
- No signal after 12:00 New York, and none on a day the range is incomplete.
- Stop at the other side of the range. Targets at 1, 2, 3 times the stop distance.
Which version. The New York open version, as it is usually taught for gold and index futures: the 09:30 stock market open, a 15-minute range, the stop at the other side of the range.
The settings
The defaults the example was found with. Each one is a setting, not a rewrite.
| Setting | Default | What you can change |
|---|---|---|
| Market | XAUUSD | Gold or any of the seven US-dollar majors; other markets need a price feed first. |
| Candles | 5 minutes | The range is built and broken on these. |
| Range starts | 09:30 New York | The stock market open. 08:00 New York or 08:00 London are common too. |
| Range length | 15 minutes | 5, 15, 30 and 60 are all taught. |
| Last entry | 12:00 New York | A break after this is not taken. |
| Stop | other side | The other side of the range, or its middle for a tighter stop. |
| Targets | 1, 2, 3 × the stop | Or multiples of the range's height. |
The example, as the bot would post it
The signal in the chart above: found by the template's code on XAUUSD 5 min candles at . Its levels, and the message the bot would send with the chart:
- Entry4018.69
- Stop4029.24 · 11 pips
- TP14008.15 · +11 pips
- TP23997.60 · +21 pips
- TP33987.06 · +32 pips
🔴 SELL XAUUSD · Opening range breakout Entry: 4018.69 (market) Stop: 4029.24 (11 pips) TP1: 4008.15 (+11 pips) TP2: 3997.60 (+21 pips) TP3: 3987.06 (+32 pips) Opening range broken. Stop at the other side of the range; targets at 1, 2, 3 times the stop. Not financial advice. Trade at your own risk.
The same signal in another of the bot's chart templates, Daylight, with a space for your logo:
How often it fires
Signals the template's code found with the defaults over the last twelve months of candles. A count of signals, not of wins: we publish no results for templates.
- Gold (XAUUSD)
- 21.3signals a month: 255 from 2025-10-23 to 2026-10-23
- EURUSD
- 21.5signals a month: 258 from 2025-10-23 to 2026-10-23
Automation, not an edge. A template does the work of watching the chart, finding the setup and posting it. It does not make the strategy win. Before it goes live in your channel we run it over past candles on your markets and show you every signal it would have sent, losses included, privately.
What can be changed
- The rules: every setting above, and any filter or confirmation you can write down.
- The markets: gold and the seven US-dollar majors, one or all of them.
- The chart: your logo where the placeholder is, a chart template in your colours, and the marks your method uses.
- The channels: every signal to a paid channel and a paced share to a free one, the way our own channels run.
Or bring a strategy that is not here: every template started as rules someone wrote down.
Questions
Which opening range is best for gold?
There is no settled answer, and we do not claim one. The 09:30 New York stock open with a 15-minute range is the version most often taught for gold; the 08:00 New York and London opens and 30- or 60-minute ranges are as easy to run. A test on past candles shows how each behaved on your market, losses included.
Why a 5-minute close and not a touch?
A wick through the range and straight back is common at the open. Waiting for a candle to close outside it is the rule most versions use; a touch entry is a setting if you prefer it.
Does it trade both directions?
Yes: a buy above the range or a sell below it, whichever closes first. One signal a day; a second break the other way is not taken unless you ask for it.
Does the bot place trades?
No. It finds the setup, draws the chart, posts the signal to your Telegram channel and follows it with a reply at each target and at the stop. It does not connect to a broker or trade any account.
Can I change the rules?
Yes. Every setting in the table above is yours to change, and so is anything else that can be written down: a filter, a session, a second confirmation, a different stop. If a step is a judgement call, we work out with you how to write it as a rule.
Will it make money?
We do not say it will, for this template or any other. A template is automation, not an edge. Before it goes live we run it over past candles on your markets and show you every signal it would have sent, losses included, privately. How a strategy behaved on past candles is not what it will do.
Is it AI?
No. It follows the written rules on this page. The same candles always give the same signals.
Which markets and timeframes?
The seven US-dollar majors and gold today, on any timeframe from 5 minutes to daily. Other markets need a price feed for them first; ask us.
What does it cost?
Templates are in early access: built with you, for your channel, and priced before launch. Early-access members hear the price first. For a broker, prop firm or educator, write to us.
Other strategy templates
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EMA crossover
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Supertrend
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London breakout
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Break and retest
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RSI divergence
Price makes a lower swing low while the RSI makes a higher one, the first in oversold territory: a buy once the second swing is confirmed. The mirror is a sell.
MACD crossover
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Silver bullet
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Judas swing
A candle runs through the Asian range early in London, then a 15-minute candle closes back inside it: that close is the signal.