Alt Trading: TX ORB Sniper

The Alt Trading: TX ORB Sniper indicator is a precision-engineered opening range breakout system built for serious intraday futures and CFD traders who demand clean, rule-based execution around the cash open. It dynamically constructs a New York session opening range using 1-minute data, then projects that structure onto higher timeframes to identify only the most decisive breakouts above or below the range. Multiple ORB modes (V1–V4) adjust the exact timing and risk model, including a reduced-risk V4 variant with compressed stop placement for more aggressive scalping conditions. A two-stage signal flow distinguishes between “get ready” crosses on the chart timeframe and confirmed entries on the target timeframe, ensuring that traders can anticipate, then verify, each breakout with confidence. Once a valid long or short is triggered, TX ORB Sniper automatically draws evolving risk/reward boxes that extend in real time, locking in entry, stop, and target levels and visually snapping them to the exact bar where the trade concludes. Integrated money management logic computes position sizing from fixed dollar risk, risk-percent, or fixed lot modes, capping maximum size to prevent over-leveraging during volatile sessions. All visual elements gold “ready” candles, range cross lines, and R/R zones are optimized for replay, so historical trades remain crystal clear when studying performance. With its disciplined one-and-done session logic, time-bounded trading window, and robust alert system for both preparation and entry, TX ORB Sniper delivers a complete, exchange-grade framework for systematic opening range breakout execution.