ORB 5M + VWAP + Braid Filter + TP 2R o Niveles Previos

ORB 5-Minute Breakout Strategy Summary
Strategy Name:
ORB 5M + VWAP + Braid Filter + TP 2R or Previous Levels

Timeframe:
5-minute chart

Trading Window:
9:35 AM to 11:00 AM (New York time)

✅ Entry Conditions:
Opening Range: Defined from 9:30 to 9:35 AM (first 5-minute candle).

Breakout Entry:

Long trade: Price breaks above the opening range high.

Short trade: Price breaks below the opening range low.

Confirmation Filters (All must be met):

Strong candle (green for long, red for short).

VWAP in the direction of the trade.

Braid Filter by Mango2Juice supports the breakout direction (green for long, red for short).

📉 Stop Loss:
Placed at the opposite side of the opening range.

🎯 Take Profit (TP):
+2R (Risk-to-Reward Ratio of 2:1),
or

Closest of the following: previous day’s high/low or premarket levels.

⚙️ Additional Rules:
Only valid signals between 9:35 and 11:00 AM.

Only one trade per breakout direction per day.

Filter out "trap candles" (very small or indecisive candles).

Avoid trading after 11:00 AM.

📊 Performance Goals:
Maintain a high Profit Factor (above 3 ideally).

Focus on tickers with good historical performance under this strategy (e.g., AMZN, PLTR, CVNA).