Report Guides
Breakout rates, extension targets, and retracement behavior
The Opening Range Breakout (ORB) strategy uses the first 5, 15, or 30 minutes of RTH to define a range. When price breaks above or below this range, it signals a potential directional move for the session. The report quantifies breakout success rates and expected extensions.
Enter on the first clean break of the ORB high or low. Place your stop at the opposite side of the opening range. Target 1x ORB range for the first target, 1.5x for the second. The 15-minute ORB typically offers the best balance between signal quality and early entry.
If the breakout retraces back to the ORB level and holds (a "retest"), this is often a higher-probability re-entry point than the initial break.
| ORB Period | Breakout Rate | Avg Extension | Failure Rate |
|---|---|---|---|
| 5-minute | 80-85% | 1.2x | 35-40% |
| 15-minute | 75-80% | 1.4x | 20-30% |
| 30-minute | 70-75% | 1.6x | 15-25% |
| Metric | Description | How to Use |
|---|---|---|
| Breakout Direction | Which direction the ORB breaks first and final breakout direction | Identify directional bias from the opening range |
| Extension Rates | Percentage of breakouts reaching 1x, 1.5x, 2x ORB range | Set profit targets based on historical extension probability |
| Retracement Behavior | How often price retests the ORB level after breaking | Plan re-entry trades on breakout retests |
| Failure Analysis | Breakout failure rates by ORB period and day type | Avoid setups on conditions with high failure rates |