This article will evaluate one of the best-performing strategies that uses the trend-following logic: the Opening Range Breakout (ORB).
This strategy, which will be applied to Ethereum, is based on the assumption that upon reaching a certain threshold of gains of the underlying from the opening of the day (e.g., 2.5% up), the market will continue in the direction it is going.
Somewhat like wanting to enter the market only after it has shown some strength and thus it is more likely that the direction of the trend will not change until the end of the day. The job of the systematic trader will be to identify the threshold beyond which this market tends not to reverse.
Figure 1 shows an example of the pattern in question, which identifies a percentage threshold from the day’s open above which the strategy will enter the market.
Figure 1. Example of the Opening Range Breakout entry pattern on ETH
Trades will be closed at the end of each session, so this is an intraday strategy buil
We współpracy z: https://en.cryptonomist.ch/2022/11/19/opening-range-breakout-ethereum-2/
