Range breakout is a very simple trading system that is very easy to learn for beginner traders. Observe the highest/lowest in 1 or more bars. Put a limit order a few pips away from that highest/lowest. This is the classic N-bar breakout strategy.
Session Range Breakout
This is just a variation of classic N-Bar range breakout strategy. The main difference of this system with N-Bar range breakout is the bar(s) that was observed to be static and associated with the time. Although the session in the forex is often associated with time zones (Asia, Europe and America), but in this case does not always mean that. Because they are static, the rules of this system : "Observe the highest/lowest of the HH:MM to HH:MM".
Opening Range Breakout
I think this system is still a variation of classic N-Bar range breakout. This system is an adaptation of the stock trading system called the Early Morning Breakout System.
This term is actually less suitable in Forex. This is because every Forex broker uses a different time zone.
Bar 0(GMT +1) Range Breakout
Now it's up to you want to call what this breakout kind of. Observations made on H1 timeframe. And probably only suitable for the USDJPY pair. I didn't test it yet on other pair.
For more details, I make an EA to test this system. I arranged to take buy position when price penetrates the high (bar 0 gmt +1) + 10 pips. And vice versa on the sell position. I do not use a limit order and let the EA work in stop and reversal mode. But I do not restrict to just open a trade position. If yesterday's EA took a buy position, and if today prices penetrate the high (bar 0 gmt +1)+10 pips, EA will add a new buy position.
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