ORB Strategy + Backtesting (fixed timestamp) - Lines Adjusted

Dec 13, 2025

⚡ ORB Strategy + Backtesting (Pine Script v5)

This script implements a complete Opening Range Breakout (ORB) strategy, featuring built-in backtesting, advanced TP/SL visualization, full style customization, and a performance dashboard. It is designed for traders who want to clearly evaluate breakout performance directly on the chart.

🕑 ORB Window Configuration

🔹 Session selection: choose between Market Timezone or Custom Session.

🔹 Timezone support: configurable from UTC-8 to UTC+12.

🔹 Daily limit: option to allow only one trade per day.

🔹 Risk/Reward (RR) settings:

Configurable TP1, TP2, and TP3 levels.

Stop Loss calculated dynamically from the ORB range.

📊 Backtesting Engine

🔹 Interactive dashboard showing trades, wins, losses, and win rate.

🔹 Adjustable partial exits for each TP (TP1, TP2, TP3).

🔹 Automatic calculation of percentage-based profit and loss.

🔹 Tracks total trades, total profit, and average profit per trade.

🎨 Visual Customization

🔹 Fully customizable colors:

ORB high/low lines and range fill.

Buy/Sell entry labels.

TP and SL lines with background zones.

🔹 Line style and thickness options (solid, dotted, dashed).

🔹 Visibility controls for each TP/SL level.

🔹 Clear profit and loss zones drawn directly on the chart.

🚀 Trading Logic

🔹 LONG entries: triggered when price breaks above the ORB high.

🔹 SHORT entries: triggered when price breaks below the ORB low.

🔹 Automatic calculation of Stop Loss and TP1, TP2, TP3 based on ORB range and RR.

🔹 Customizable BUY / SELL labels displayed at entry.

✅ TP / SL Detection

🔹 Real-time detection of TP1, TP2, TP3, and SL hits.

🔹 Prevents double counting of the same level.

🔹 Extended TP/SL lines with shaded zones for better clarity.

📈 Backtesting Dashboard

🔹 Displayed in the top-right corner of the chart.

🔹 Shows:

Total trades

Wins / Losses

Win rate (%)

Total profit (%)

Average profit per trade

🔹 Fully customizable panel color.

✨ Summary

This script combines:

Opening Range detection

Breakout trading logic with advanced risk management

Professional-grade visualizations

Integrated historical performance tracking

High customization for sessions, styles, and colors

💡 Ideal for traders who want to trade ORB setups with clarity, structure, and measurable results.

2 hours ago

Release Notes

🚀 Introducing JAM Algo – Premiun ORB System (NASDAQ-focused, Funded Challenge Ready)

Most ORB indicators stop at drawing the range and throwing random breakout arrows. This one is built differently — designed for real execution, clean visuals, and performance-driven logic.

✅ What makes it superior to typical ORB indicators?

1) Built for “effective breaks” — not noisy breakouts
Instead of triggering on every touch, the system uses a break + retest framework (with a controlled fallback logic). That means fewer low-quality signals and more structured entries.

2) True-stat logic (TP/SL touch-based) — not “close-based fantasy”
Performance stats are calculated the way real trading works:
After the signal candle closes, the trade runs until TP or SL is touched first, even if price only wicks it. No cheating, no assumptions.

3) Funded-challenge friendly: 1–2 trades per day max
This system is designed for consistency and account protection:

Option for 1 trade/day or 2 trades/day

If trade #2 is enabled, it’s only allowed if trade #1 was a loss

Trade #2 must be opposite direction, so it can help offset the day instead of compounding risk

4) Multi-timeframe ORB presets (5 / 15 / 30 minutes)
Whether you trade fast NY opens or prefer more confirmation, you can adapt the ORB window instantly — without breaking the core logic.

5) Premium, clean UI (dropdown-based presets)
Most scripts become a mess of sliders and settings that ruin results.
This one stays minimal, aesthetic, and consistent, using curated dropdown presets so the system remains stable and “plug-and-play”.

6) Session + Timezone unified for global traders
One clean selector:

NY

London

Asia
The indicator automatically applies the correct session/timezone logic and produces stats accordingly.

7) Monthly performance tracking (resets automatically)
The dashboard shows what matters:

Trades (entries) this month

WR % Month (wins/losses on closed trades)
No clutter. No oversized dashboard. Just clean tracking.

8) Visuals that make sense (not endless drawings)

ORB box + ORH/ORL lines for context

TP/SL boxes are drawn from entry until TP/SL hits, or until session close

Historical trades remain visible so you can study market behavior and consistency

9) VWAP included (visual only)
VWAP is there as a clean reference — does not affect signals or stats, and the color is fully adjustable.

🎯 Built for serious traders

If you’re trading NASDAQ and working funded challenges, you need something that’s:

consistent

rule-based

clean

and honest in its stats

JAM Algo – Premiun ORB System was built exactly for that.

If you want it, comment “ORB” and I’ll share it.

2 hours ago

Release Notes

allerts Added