With every device you buy from the field of VR you should be prepare to have some kind of problem (this does not have to be the case). We are not still aware of an option how to make a factory reset but you will be presented with the reset opportunities that will easily solve your type of problem. These guide will show you the ways to reset some functions on your Oculus Rift. Follow this steps:
Reset your default view
Step1. Open Oculus app > select the gear icon
Step 2. Select Settings
■ On the left select Devices
Step 3. Select configure Rift
■ Select reset default view in view
Reset the forward location so you can reorient
Step 1. Press the back button on your headset.
■ Wait for the Universal Menu to appear
■ To activate it tap on the touchpad
■ If you want to exit and go back to the Universal Menu than just select the back button.
Step 1. Oculus home > select dropdown menu
■ Go to Settings
■ Select Oculus Pin
■ Enter your current pass so you can confirm the change.
■ Click ok to reset it.
■ Select > Submit