15-Min Opening Range Breakout

STEP-BY-STEP RULES
1. Define the Opening Range (OR)
Mark the high and low of the first 15-minute candle of the session.

This creates your Opening Range.

Example: London session opens at 08:00 GMT. Use the 08:00–08:15 candle.

2. Set Entry Triggers
Buy Breakout: Place a Buy Stop order 1 pip above the Opening Range high.

Sell Breakout: Place a Sell Stop order 1 pip below the Opening Range low.

⚠️ Only one side should be triggered. Cancel the opposite order once one is active.

3. Set Stop Loss (SL)
For Buy trades:
SL = Opening Range Low - 2 pips

For Sell trades:
SL = Opening Range High + 2 pips

This ensures you give the price enough space, while keeping risk controlled.

4. Set Take Profit (TP)
Use either of these two approaches:

✅ Fixed Risk-Reward (Preferred)
Target 1: TP = 2R (i.e., 2 × SL distance)

Target 2 (optional): Leave runner for 3R or trail stop behind minor S/R

✅ Fixed Pip Target (alternative)
TP = +50 pips

SL = -20 pips

Matches your preferred risk model of 20 SL / 50 TP

5. Trade Management
If no breakout occurs within 1 hour, cancel the pending orders. No trade that day.

If trade triggers but fails to move, consider time-based exit after 2 hours.

Optional: Move SL to breakeven once price moves 1R in your favor.