Algo Trading in India |
  • September 8, 2019
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Opening Range Breakout (ORB) is a commonly used intraday trading system by professional and amateur traders and has the potential to deliver good returns if done with proper discipline and money management rules.

Trading Strategy

Quite Simple and straightforward. Any stock creates a range in the first 10 to 30 minutes of trading in a day. This is calling Opening Range. The highs and lows of this time frame is taken as support and resistance.

1. Buy when the stock moves above the Opening Range high.
2. Sell when the stock moves below the Opening Range low.

Opening range is defined by the high and low made in the first 15 minutes. You can set the duration as per your wish, it could be either first 5 mins range, 10 minutes range or 15 mins range.

Rules for Buy

  • Buy when the stock price crosses above the opening range
  • Initial Stop loss — Low of the Opening Range.

Rules for Sell

  • Sell when the stock price crosses below the opening range.
  • Initial Stop loss — High of the Opening Range.

LT Example

We have a trading bot that would place automatically pick up list of stocks to trade and with a click of a button you can place ORB trades instantly.

Click on and type /start

You can click on Square off stocks, which will automatically pick up 10 stocks to trade ORB, or you can select My Stocks

Then you can select Risk type R1 and R2. Choose R1 if you do not want to take higher risk, choose R2 if you are ok with higher risk. To know the detailed difference between these two risk types, click here

Once risk type is selected, enter you capital;target;risk etc.

Capital;Target;Risk;Order Type;TSL

10000;10;1;M;1 denotes 10000 capital with 10% target, 1% risk per trade, order type is stop loss market order and 1% Trailing Stop loss.

10000;10;1;L;1 denotes 10000 capital with 10% target, 1% risk per trade, order type is stop loss LIMIT order and 1% Trailing Stop loss.

Once you enter your input, it generates the button instantly, you can click on it and it takes you to web page with Zerodha and Upstox option. You can click on respective button and place the trades.

Choosing Square Off Stocks:

List of stocks that comes in Square Off stocks are picked up our own algorithm based on gap analysis, where it picks up list of stocks that has gaped up and gap down.

Gap up stocks are mapped to Top 5 Momentum stocks

Gap down stocks are mapped to Bottom 5 momentum stocks

If users wants to trade both gap up and gap down stocks in one click, they can use the below button

You don’t need any special setups to connect your zerodha or upstox account. Once button is clicked, it would ask you to enter your login credentials, enter the details and you would see the below button, just click on place to place the orders.

check the below demo video to understand how it works

You can trade ORB based on your own choice of stocks. Just click the button My Stocks and enter your stocks name and enter. As of now, only list of stocks that are part of FnO can be entered. To know the list of stocks that are part of FnO can be found form this NSE link.

Please make sure, you type all your stock list in go separated by comma in capital letters and enter.

Click on and type /start

You can click on My Stocks, and Choose risk type R1 or R2


Then enter your capital;target input

As per the stock list, you have given it allows you to place the orders for them.

Live Trading with Bot video and explanation:

We have one week free trial, Users who are looking for ORB Intraday BOT trial, can install Telegram app and directly click on and start using it, no need to raise any request. The moment you click on start, it will enable one week free access for you automatically.

To subscribe to the bot use the following link.

And please go through our Terms and Conditions before availing our services.

Follow us at

Telegram Channel — SquareOff

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