NY ORB Breakout Strategy (MambaFX x DoyleStyle)

# NY ORB Breakout Strategy (MambaFX x DoyleExchange)

This is a Pine Script v6 trading strategy developed to capture breakouts of the New York Open Range (9:30 AM EST). It combines concepts from MambaFX and DoyleExchange with modern risk and confirmation logic.

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## 📌 Overview

* **Platform**: TradingView
* **Script Type**: Strategy
* **Timeframe**: 5-minute (for execution), uses 15-minute Open Range
* **Market**: Forex or Futures

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## 🧠 Strategy Logic

### 1. **Open Range Setup**

* Open Range defined from **9:30 AM to 9:45 AM EST** (15 mins)
* Strategy waits for a **clear break** above the ORB high or below the ORB low

### 2. **Breakout Conditions**

* Full candle (open & close) must be outside the range
* Optional **retest confirmation** toggle (price revisits range before entry)

### 3. **EMA Filter** *(optional)*

* Longs: Price above 200 EMA, 13 EMA > 50 EMA
* Shorts: Price below 200 EMA, 13 EMA < 50 EMA

### 4. **Trade Execution**

* Entries: Market orders after confirmation
* Exit: TP and SL calculated using Risk\:Reward inputs

* Default TP: 2R
* Default SL: 1R

### 5. **Session Filter**

* Trades only between **9:45 AM and 12:00 PM EST** (New York morning session)

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## 🛠 Inputs

| Input | Description |
| ------------------- | ------------------------------------ |
| ORB Start Time | Start of range (default 9:30 AM) |
| ORB Duration | Minutes (default 15 mins) |
| EMA Filter | Directional bias (on/off) |
| Retest Confirmation | Require retest before entry (on/off) |
| Take Profit RR | Take profit multiplier (default 2.0) |
| Stop Loss RR | Stop loss multiplier (default 1.0) |
| Show Labels | Toggle label display for breakouts |

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## ✅ How to Use

1. Open TradingView → Chart
2. Go to **Pine Editor** (bottom panel)
3. Paste the full Pine Script
4. Click **Add to Chart**
5. Enable **Strategy Tester** to see results

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## 📈 Recommended Chart Setup

* Use 5-minute chart
* Mark support/resistance from 15-minute or 1-hour levels
* Confirm bias with 4H chart direction

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## 🔔 Alerts

* Bullish breakout alert
* Bearish breakout alert

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## 📂 File Organization (Optional Dev Style)

```
/ny-orb-breakout-strategy
├── NY_ORB_Breakout_Strategy.pine
└── README.md
```

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## 📅 Last Updated

**July 28, 2025**

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## 🤝 Credits

Inspired by:

* **MambaFX** (Breakout philosophy)
* **DoyleExchange** (Clean structure and retest validation)