The Open Range Breakout Strategy became popular in the 1980s. The book "Day Trading With Short Term Price Patterns and Opening Range Breakout "of the trader Toby Crabel is probably the best known about this strategy.
It is a fairly straightforward approach to trading that is popular with both professionals and beginners. In the pre-market opening phase, one or more stop entries are placed in the market. These will then traded on the market opening breakout.
With the ORB Expert Advisor we have programmed a fully automatic system for DAX CFD trading. This EA uses MetaTrader 4 as a platform. On the website of Youtube are some videos about the EA already published. Automated trading with the MT5 platform will be available shortly.
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