ORB Trailing Strategy

ORB Trailing Strategy at a glance

Kind of rule	Time of day (session and opening range)
Buys or sells	It can buy, and it can bet on falling prices.
Built on	EMA
Where it was published	TradingView, by its author, as a Pine Script strategy
Tested on	58 cells: 15 coins, October 2021 to June 2026, no fee
Trades placed	none
Page updated	2026-11-08

ORB Trailing Strategy backtest results, every cell

There is no cloud of cells to draw. The frame below says why.

How ORB Trailing Strategy works

Rules in this group usually work like this. It only acts during set hours, such as the London or New York morning. Crypto never closes, so those hours are a choice, not a fact of the market. The question is whether those hours behave the same way on more than one coin. The next paragraph is this particular rule, which can be narrower than the group.

It can buy, and it can bet on falling prices. It acts only when several checks agree at once. It leans on EMA; those names are explained on their own pages, further down. The exact line is in the list below, in the author's names, and you can skip that list. When it enters, it also sets a stop or a target, so a trade can close without a new signal.

Each trade uses a fixed size of 1. It holds one trade at a time.

The exact condition, from the code

Same rule, translated from the code, in the author's names. You can skip this list if the paragraph above was enough.

• Enters long when bar mins is at or above 195 and bar mins is below 360 and no position is open and trade direction equals 0 and can trade london and the close is at or above (the high + Min Breakout Points Beyond Range (2)) and (not (EMA Filter (200 EMA 15-min) (off)) or the close is above the 200-period EMA of the close on the '15' timeframe) and (the close − the low) is above 0.
• Enters short when bar mins is at or above 195 and bar mins is below 360 and no position is open and trade direction equals 0 and can trade london and not (the close is at or above (the high + Min Breakout Points Beyond Range (2)) and (not (EMA Filter (200 EMA 15-min) (off)) or the close is above the 200-period EMA of the close on the '15' timeframe)) and the close is at or below (the low − Min Breakout Points Beyond Range (2)) and ….
• Enters long when bar mins is at or above 585 and bar mins is below 900 and no position is open and trade direction equals 0 and can trade ny and the close is at or above (the high + Min Breakout Points Beyond Range (2)) and (not (EMA Filter (200 EMA 15-min) (off)) or the close is above the 200-period EMA of the close on the '15' timeframe) and (the close − the low) is above 0.
• Enters short when bar mins is at or above 585 and bar mins is below 900 and no position is open and trade direction equals 0 and can trade ny and not (the close is at or above (the high + Min Breakout Points Beyond Range (2)) and (not (EMA Filter (200 EMA 15-min) (off)) or the close is above the 200-period EMA of the close on the '15' timeframe)) and the close is at or below (the low − Min Breakout Points Beyond Range (2)) and (not ….
• Closes the position when Close London Trades at 6:00 AM (on) and trade session equals 'london' and bar mins is at or above 360 and bar mins is below 365 and trade direction differs from 0.
• Closes the position when Close NY Trades at 3:00 PM (on) and trade session equals 'ny' and bar mins is at or above 900 and bar mins is below 905 and trade direction differs from 0.
• On entry, places a stop at the low.
• On entry, places a stop at the high.

Buys or sells	It can buy, and it can bet on falling prices.
Tools it calculates	EMA
A second chart speed	Yes. It also looks at a second chart speed.
Only at certain hours	No.
Adding to a trade	It holds one trade at a time.
How much it trades	Each trade uses a fixed size of 1.
Cost the author assumed	The author assumed a trading cost of 3.1 per contract.

Default settings

The test used the defaults in the middle column. Nothing was turned to help a coin.

Setting	Default	Group
Session Mode	Both
Asia Range Filter	off
Min Breakout Points Beyond Range	2
Risk % of Account	0.5
Dollar Per Point	20
EMA Filter (200 EMA 15-min)	off
EMA Period (15-min)	200
Show ORB Range Boxes	on
Show Asia Range	on
Show R-Level Lines	off
Show 15-min EMA	off
BE Offset Points	4
Close London Trades at 6:00 AM	on
Close NY Trades at 3:00 PM	on

How the backtest was run

Every strategy was tried the same way, on the settings the author published.

The years are October 2021 to June 2026. The prices are from Bybit, for 13 widely traded coins, mostly on hourly, 4-hour and daily charts, with some faster charts. That was 47,242 tries. The window stored in the files is 2021-09..2026-06.

599 rules produced a finished try. A rule that finished above zero on at least 12 cells, before any fee, was tried again with a fee of 0.12 percent per side. Only buys are counted in that second try. 273 rules got it.

The method, the aggregate results and a downloadable table are on the study page. What the desk does with the results beyond these pages is its own.

Before any fee, it was tried on 58 cells, and it placed no trades.

It was not run a second time with a fee. That second pass happens only when at least 12 cells finished above zero before fees. 273 rules got that pass.

Cells tried	58
Cells that placed a trade	0
Finished above zero	0

Label: backtest · old prices, zero commission · Oct 2021 – Jun 2026. Hypothetical results; see the risk disclosure.

How to read the result

How to read the number

No cell took a trade, so there is no return to read. The rule above is the whole note.

What this does not show

The useful question is whether the same hours work on other coins. Crypto has no closing bell, so the hour is a choice.

There is no cell to single out, and this note does not invent one. Other years, another exchange, or another fee would be a different measurement.

Questions about ORB Trailing Strategy

Words used on this page

Backtest

The rule was tried on old prices. No real money moved.

Cell

One coin on one chart speed. Bitcoin every 4 hours is one cell. Bitcoin once a day is another.

Chart speed

How often a new price bar is drawn. 15m means every 15 minutes, 1h means hourly, 4h means every 4 hours, 1D means once a day.

Fee, per side

A cost taken each time the rule trades. Per side means once on the way in and once on the way out.

Median

Line the cells up from the biggest loss to the biggest gain. The median is the middle one. Half the cells did better and half did worse.

Drawdown

The deepest fall from a high point along the way, as a percent of the account at that high.

Above zero

The account finished with more than it started.

The indicators ORB Trailing Strategy uses

Each has its own page: what it measures, how it is read, where it misleads.

• Exponential moving average (EMA): what it measures and where it misleads

"ORB Trailing Strategy" was published on TradingView by its author, under the author's own license. This page is an independent reading of those rules and of what they did on these old prices. It is not written with the author, and it is not a recommendation. Not every detail survives the translation onto this page, so read the original before you rely on it.