GBP USD Candlestick Chart (Live Data)
GBP USD Candlestick Chart (Live Data)
Apr 8, 2014
investing.com
The ORB Forex Strategy. We discuss an opening range breakout trading strategy that focuses on the first 15 minutes of the trading session. The key points are: using the high and low of the candle, not the open and close, to place sell stop and buy stop orders a few pips below the low and above the high, respectively. The distance between the sell stop and buy stop acts as the stop loss. The target take profit should be at least 1:2 or 1:3 risk-to-reward ratio. #TradingStrategy #OpeningRangeBreak
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