Building a 5-Minute Opening Range Breakout Strategy
“The only way to win is to keep moving forward.” - Simon Ghost Riley.
One of my favorite sayings is that if you can’t explain something in simple terms, you don’t understand it. That is the same in trading; most people can’t even describe their strategy. Today, I will explain to you step by step how I built the 5-minute Opening Range Breakout (ORB) strategy. You don’t need years of trading experience to understand this. You can run this system by reading a chart and following the rules.
The best part of this? I give my paid members direct access to my quantitative scanner, which does all the heavy lifting. It pulls daily names, ranks them by relative volume (RVOL), and sets us up for the trade. That way, your only focus is on execution.
Step 1 - The Big Idea
Every trading strategy starts with a question. Here’s ours:
“What if we only traded the breakout of the first 5 minutes of the market open, but only in stocks that show unusually high opening volume?”
The logic is simple: if a stock trades multiple times its usual opening volume, fast money (hedge funds, CTAs, Asset managers, etc) is active. That's what breakouts matter. We don't want to trade everything, just the ones that are “in play.”
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