--- title: 'The Simplest and Most Profitable Intraday Strategy' source: 'https://youtube.com/watch?v=VXCNESRYonI' video_id: 'VXCNESRYonI' date: 2026-07-29 duration_sec: 475 --- # The Simplest and Most Profitable Intraday Strategy > Source: [The Simplest and Most Profitable Intraday Strategy](https://youtube.com/watch?v=VXCNESRYonI) ## Summary The video introduces the Open Range Breakout (ORB) strategy, developed by Tony Craver in the 1980s, which has remained profitable for over 30 years. It is an intraday strategy that trades once per day based on the breakout of the opening 30-minute range, with a stop loss at the opposite end and exit at session close. The presenter explains the rules, shows backtest results, and offers a free indicator to help apply the strategy. ### Key Points - **Introduction to ORB Strategy** [00:13] — Tony Craver's Open Range Breakout (ORB) strategy exploits the inefficiency at market open, placing buy/sell stops at the high/low of the first 30-minute candle at 8:30 AM NY time. - **Longevity and Foundation** [00:39] — The strategy has worked for nearly 40 years because it is based on market open inefficiency. Craver's book 'Day Trading with Short Term Price Patterns and Opening Range Breakout' is considered a bible of intraday trading. - **One Trade Per Day Rule** [01:37] — The strategy makes only one trade per day, either long or short, by placing a buy stop at the high and a sell stop at the low of the 8:30 AM 30-minute candle. - **Exit Rules** [02:22] — Exit occurs either when the stop loss (placed at the opposite end of the opening range) is hit, or at the end of the session. The trade is always closed by session end. - **Backtest Performance** [03:20] — Backtests since 2000 show the strategy has drawdowns and periods of stagnation. It has had about five losing years, but overall remains profitable. - **Adding a Take Profit Filter** [04:04] — Adding a take profit (TP) condition improves the strategy, resulting in higher average profit, shorter stagnation, and smaller drawdowns, reducing market exposure. - **Misconception: Intraday vs Swing** [05:25] — Many beginners think intraday strategies are inherently more profitable than swing or daily strategies, but this depends on the system. Each has pros and cons. - **Market Neutrality Benefits** [06:07] — Since ORB trades both long and short, it can profit in both bullish and bearish intraday moves, even in a strong downtrend, providing a diversifying effect to a portfolio. ### Conclusion The Open Range Breakout strategy is a simple, time-tested intraday system that can be profitable when applied correctly, though it has periods of drawdown. Modifications like adding a take profit can enhance performance, and the strategy's market neutrality makes it a valuable addition to a diversified trading approach. ## Transcript published on the internet end up dying from the moment they are made public. In today's video, I'm going to present an intraday strategy that has been working for over 30 years and is still profitable today. It's called Open Rage Breakout. Its author is Tony Craver and it is for use in the opening breakout. In other words, when take advantage of that inefficiency, which I will explain in this video. Tony Craver in the 80s, yes, in the 80s, asked himself, what would happen if we defined a clear action zone at the beginning of the market and only traded on the breakout of that range? And so Open Range Breakout was born. And the best part is that it works just as well today as it did almost 40 years ago because it is based on the tell you is no joke, because in the already began to gain notoriety by developing trading systems based on volatility and range breakouts at the opening. In 1990 he included considered a Bible of Intraday Trading and Open Range Breakout. based on statistics, volatility, expensive entry and exit rules, and it was very innovative for its time. And all this is not hearsay, but Clavel Management, which is one of the largest and most respected systematic trading firms in the world. Today I'm going to show you how this Tony Craver system works. We're going to look at the entry rules, exit rules, worked over all these years and everything you need to know so you can start applying it from today. Let's look at how the only makes one trade per day, which can open both long and short positions, and which we are going to apply in the case of the SP future, that is, the ES. So, during exchange hours, in New York time, what we're going to do is at 8:30 on the 30- minute timeframe, we're going to place a B stop at the high of this candle, that is, on the 30-minute timeframe at 8:30 we're going to set the high and low of that candle. At the maximum we will place a buy stop and at the minimum we will this specific case that I'm showing you on screen? That the operation, Then we enter with a buy operation and either exit through a stop loss that we place at the low of this candle, or we exit at the end of the this operation is marked, we exit at the end of the session. Now I'm going to show you the opposite case, that is, what happens when we go short? This would be a case in short. It's 8:30 here. We would place the stop sign here and the stop sign here. In this case, the price goes down. We entered with a select stop and well, accompany here. What's happening? The original ORB strategy doesn't have a end of the session. If the stop loss is not triggered , we exit at the end of the session, and in a little against us and we exit at the end of the session anyway with a profit. short trading, the stop loss goes here at the high and the stop is what marks the entry. Likewise, we look here at the final always close and never keep a trade for the next day. That's why it 's an intra-block strategy that we operate at the open, and we do it this way. What would the numbers be for vacastear? All of this in recent years, since 2000. So, we applied this. This is the curve or applying all of this. Notice that we have periods where the strategy really suffers. And we can see this here with the drawdown. Note that we also have periods where he suffers quite a bit. Even if we look at it over the years, that is, if we come here and look year by year, with its drawdowns and its stories, we can see how it might have suffered or not. So here, for example, we're going to look at the performance of the numbers. It is true that we have about 5 years that end in the red, but that can really make us suffer quite a bit, especially the periods of stagnation. Furthermore, it is a strategy that, as we have seen, enters the market when it exceeds a level, we could also filter with a condition and add a TP, a take profit to collect profits and not always wait until the end of the session because we could also collect those profits as we So, by doing this and following the CIT methodology, we can move from winning, which we are seeing has a certain advantage, to a strategy that is winning strategy, which has a higher average profit per trade, which has a shorter stagnation period, which has smaller drawdowns and suffers considerably less. And of course, this strategy also has its drawdowns and we are seeing that it recovers much better. And I also don't want us to focus solely on the fact that we've done this to improve performance, no. We have also done this to have less exposure in the market and only enter when a certain condition is actually met , in addition to the price breakout. It is a strategy that is still simple, has are seeing that it has a lot of trades and that continues to be a winner and above all that it is much more successful than the initial strategy. In addition, I want to intraday strategies, regarding everything that is that an intraday strategy is much more profitable than a daily strategy, and quite rookie-like—of looking for an intraday strategy to start with because it seems that a daily strategy, a swing trading strategy, a give us that profit, and that an intraday strategy, however, will allow us to profit very quickly, very quickly . And yet, if we cannot applying over a longer period of time. That 's a mistake. It's a beginner's mistake with reality because that depends on the strategy, it will depend on the system we have intraday because it really can be like that, but because of the system itself or because of Trading. This is compared and numbers are indeed produced, but you shouldn't draw conclusions that just because it's intraday it's much better than if it's daily or in swing trading. Each one really has its pros and cons. The in relation to something positive about this system. Because? Because we are exploiting a pattern that is intraday and that operates both long and short. So, even if the market is falling sharply, we can catch a rebound both upwards and downwards, and even in the opposite direction. In other words, when the market is falling a lot, well, we can catch that movement, whether it intraday, because in a downtrend there can be an intraday bullish movement or it can also be bearish. So, I don't want to understood that it's a small intraday movement. So, this for the reasons I mentioned, due to the time frame and because it consists of both long and short positions. So, well, yes, having something like that can really give your portfolio that punch if you're applying different strategies. And that's all for the ORB strategy, let me know in the comments. And if you want to know how we create them from scratch, how we automate them, how we create because there I share all the information and how to join the private community to do all this and above all make it profitable. Wait, wait, wait, I'm from the future. We have created an indicator for you to use as a reference and avoid mistakes; that is, so that you can apply this high-low strategy yourself, and have it here as a reference. It's an indicator that I'm going to give you completely free of charge. on the private list this video is published. So, this is very simple. If you are on the private list, you receive this indicator and can start applying it right away. Nothing else. in the video description and we'll see you in the next one.