Backtest of Opening Range Breakout (ORB) strategy on Bank nifty

Are your trading strategies not delivering consistent profit?

Intraday trades can be both rewarding and risky, and developing a sustainable method can feel like chasing your tail.

Opening range breakout is very popular trading strategy.

This guide walks you through the ORB strategy, reveals backtesting insights, and highlights potential pitfalls, so you can make informed decisions before diving in.

Watch this video if you like watching videos, otherwise keep reading.

Strategy Details

Timeframe: 15 mins

Symbol: Nifty Bank (spot) - Backtest is done on this, but trading is possible in only F&O.

Strategy Rules

Mark the first 15-minute candle.

Identify the high and low from 9:15 to 9:30 AM.

This range sets the stage for the trade.

green line is high of first candle, red is low of first candle.

A breakout above the high means a long trade.

A breakdown below the low signals a short entry.

if buy trade is triggered, stop loss is low of the first candle.

if sell trade is triggered, stop loss is high of the first candle.

If SL is not triggered, Exit at 3:15 PM.

Profits or losses, you stick to the rule.

Backtest results

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