> For the complete documentation index, see [llms.txt](https://docs.algomojo.com/algomojo/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.algomojo.com/algomojo/strategies/amibroker/open-range-breakout-trading-system.md).

# Open Range Breakout Trading System

**Sample AFL Code - Open Range Breakout Trading System**

Opening Range is very often a measure of security high and low generally monitored by breakout traders to gauge the sentiment of the market. The very often first 15-minute high – low range made by the stock/index is used as a reference by many traders to monitor for breakout trading.\
A Simple Open Range Breakout Trading system is primarily useful for intraday traders who is looking for a price breakout from the opening range. Typically traders very often use a 15min / 30min opening range to monitor breakout with pre-defined stops/targets.\
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**Features of Opening Range Breakout**\
1\)Multiple ORB Breakout Selection of the Traders Choice\
2\)Limit the Number of Entry Signals per day\
3\)Intraday Trading System with signal starttime, endtime and squareofftime controls\
4\)Mode of Trading: i) No Stoploss/Target mode, ii)Fixed Point Stoploss/Target , iii)Fixed Percentage Stoploss/Target mode.\
5\)Backtesting Capabilities\
6\)Exploration/Scanner Capabilities\
6\)Trading Dashboard that tracks the Signals and Profit/Loss<br>

&#x20;<mark style="color:blue;">Download Sample Code here</mark>

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