Beyond The Markets

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INDICATOR · BEGINNER GUIDE

OPENING RANGE BREAKOUT

Boxes the first 15 minutes of the London and New York opens and marks when price breaks out.

◆London and New York opens◆Breakout on the close◆1x and 2x targets◆Honest hit rate
Opening Range Breakout on a live chart WHAT YOU SEE · US30 5m · 29 OCT 123456
1The opening range: the blue box: the first 15 minutes after the London open (08:00 UK).
2Breakout: a candle closed outside the box.
3Target hit: ✓ 1x = one box-height past the box. Dashed lines: 1x and 2x.
4New York range: the gold box at the 09:30 New York open (13:30 UK this week).
5Failed: closed back inside within 3 candles. Fakes are common.
6The record: how often breakouts here reached 1x first.

Use it in 5 steps

  1. Switch it onOpen Charts → Basic Indicators (ƒx) → tick Opening Range Breakout. Use 1m or 5m.
  2. Wait for the boxDo nothing while it says BUILDING. The range is set after 15 minutes.
  3. Wait for a closeA breakout counts only when a candle closes outside the box.
  4. Stop on the other sideThe usual stop is the other side of the box, or the middle for a tighter one.
  5. Take profit at 1xMany take profit at 1x, move the stop to break-even and aim for 2x.

A London breakout on US30

A London breakout on US30

US30 5m, 29 Oct. London range 52,681–52,801. A candle closed above it at 08:15 UTC; the Dow hit the 1x target, 52,921, at about 09:40.

The dashboard

The dashboard

  • The big words: BUILDING, WAITING, BROKE UP / DOWN, TARGET REACHED, FAILED or REVERSED.
  • The range: high, low and size. Small against a normal day = more room to run.
  • 1x targets above and below the box.
  • This chart’s breakouts: how often each open hit 1x first. Here New York: 1 in 7.
  • The 💡 tip says in plain words what to do now.

Golden rules

  • Most fakes come fast. If it closes back inside the box, get out.
  • Big box = less room. Over 40% of a normal day, aim smaller.
  • Always use a stop loss and risk 1% of your account or less per trade.
  • Practise first with the Replay button: trade old candles for free.
🔔 Get told when it fires: click Alerts, choose Opening Range Breakout and tick “Broke above the opening range” or “Broke below the opening range”.
BEYOND THE MARKETS
beyondthemarketstrading.com · Indicator guide 32: Opening Range Breakout
For education only, not financial advice. Many opening-range breakouts fail; the record on your chart shows how often. Trading carries risk.

For educational purposes only. The results in this guide come from testing on past prices. Past performance does not guarantee future results, and real spreads, slippage and delays can make results worse. Nothing here is financial advice, and trading carries a high risk of losing money. Read the risk warning.