Opening Range Breakout Trading Strategies - Do They Work?

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Tony Crabel made opening range breakout strategies popular in the 1990s, perhaps because of his classical trading book published in 1990: Day trading With Short Term Price Patterns And Opening Range Breakout. Three decades after being published we still see an abundance of opening range breakout strategies on the internet. Are opening range breakout strategies any good? Do they still work after all these years?

No, opening range breakout strategies don’t work well anymore. Our backtests indicate they have become almost completely obsolete.

Please go to Quantified Strategies if you want to read more about opening range breakout strategies.