# Best profitable range breakout concept

**URL:** https://tradingqna.com/t/best-profitable-range-breakout-concept/17875
**Category:** Algos, strategies, code
**Created:** [July 30, 2017, 1:51am UTC](https://tradingqna.com/t/best-profitable-range-breakout-concept/17875 "2017-07-30T01:51:28Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![vsreeram77](https://tradingqna.com/letter_avatar_proxy/v4/letter/v/94ad74/32.png) [@vsreeram77](https://tradingqna.com/u/vsreeram77)
#### Post date: [July 30, 2017, 1:51am UTC](https://tradingqna.com/t/best-profitable-range-breakout-concept/17875/1 "2017-07-30T01:51:28Z")

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## Opening Range Breakout for Equity July 26 2017:

## Scanner to pick stocks at EOD :

Volatility/Beta : Price Range More than Two Day Range period - 5 % (EOD)

Price/Volume - Today’s EOD Volume Greater Than By 3 Days EOD Average Volume of 100 %  
Price/Volume - Today’s EOD Volume Greater Than By 3 Days EOD Average Volume of 200 %

Price/Volume - Today’s EOD Volume Greater Than By 5 Days EOD Average Volume of 100 %  
Price/Volume - Today’s EOD Volume Greater Than By 5 Days EOD Average Volume of 200 %

Price/Volume - Today’s EOD Volume Greater Than By 10 Days EOD Average Volume of 100 %  
Price/Volume - Today’s EOD Volume Greater Than By 10 Days EOD Average Volume of 200 %

Price/Volume - Today’s EOD Volume Greater Than By 14 Days EOD Average Volume of 100 %  
Price/Volume - Today’s EOD Volume Greater Than By 14 Days EOD Average Volume of 200 %

Price/Volume - Today’s EOD Volume Greater Than By 1 Month EOD Average Volume of 100 %  
Price/Volume - Today’s EOD Volume Greater Than By 1 Month EOD Average Volume of 200 %

Price/Volume - Price Above 50 (EOD)

Price/Volume - Price Below 1000 (EOD)

Price/Volume - Volume Above 2 lakh (EOD)

Price/Volume - Volume Below 1 crore (EOD)

## (these filters are for intraday EOD, so next day these stocks are automatically eligible for trading in intraday in range breakout )

## Trading entry :

\*\* First trade profit means no second entry

\*\* First trade loss means, second reverse entry  
must be double qty / triple qty trading.

## \*\* Second trade also loss… no more trades per day only two trades maximum…

## Calculate the following :

(range breakout to be done as user defined inputs)

ORB HIGH = 9.15 am - 9.20 am Highest High value  
ORB LOW = 9.15 am - 9.20 am Lowest Low value

RANGE = ORB HIGH - ORB LOW  
( FOR VALID BUY/SELL : RANGE \>=0.40 \< = 2% OF STOCK PRICE )

Ignore trades if range above 2 percent or below 0.40 percent for entire day.

## Buy Entry :

9.15 AM - 9.20 AM price candle’s high breaks take a buy, by adding  
a spread of 10 paisa, 20 paisa like. (example for hundred rs stock add 0.10 paisa)

Adding spread can be done as manual entry

## Target :

1 % from Entry Price.

## Stop Loss :

ORB LOW.

* * *

## Sell Entry :

9.15 AM - 9.20 AM price candle’s low breaks take a sell, by debiting  
a spread of 10 paisa or 20 paisa like. (example for two hundred rs stock less 0.20 paisa)

## Target :

1 % from Entry Price.

## Stop Loss :

ORB HIGH

* * *