Market / MetaTrader 5 / Experts /

EW Opening Range Breakout

150 USD

Demo downloaded: 35

Published: 3 January 2025

Current version: 1.5

EW Opening Range Breakout

Experts
Edgellence
Version: 1.5
Updated: 23 March 2025
Activations: 5

All our products are designed for serious traders—focused on skill, strategy, and reliability, no AI gimmicks or quick-rich shortcuts.

This EA implements the Opening Range Breakout strategy, a robust breakout trading approach designed to capture momentum as markets break through key levels. Built within the Edgellence framework, it includes:

Automatic lot sizing
Money and risk management features
Break even and trailing stops
Daily- and total return tracking
Integration with ForexFactory
Multi language support

This strategy is especially suitable for forex pairs, gold and indices.

Short Explanation of This Strategy

The Opening Range Breakout strategy operates by identifying the market's opening range during a predefined period (e.g., the first hour after market open). Once the range is established, trades are initiated when the price breaks above or below this range, targeting strong momentum in either direction. All positions are closed by the end of the trading day

To enhance its effectiveness, the strategy incorporates:

Time range filter: Allows precise definition of the opening range period for different markets and instruments.
Range size filter: Customize range size, ensuring trades are initiated only when the range meets your predefined criteria.

These filters are fully configurable, allowing you to tailor the strategy to specific trading conditions or preferences. The Range size filter can be switched off entirely for a simpler approach.

Configuration Files

The EA uses a proprietary properties file that you can maintain outside the terminal. However, to give you a head start and support backtesting, default set files are provided. These files are available in the Comments section of this product page and can be loaded directly into your MT5 platform for immediate use.
[Read more]

Support

Purchasers of this EA can schedule a free 15-minute Google Meet session for further explanation and support. This session offers personalized assistance to ensure you get the most out of the product and address any questions or concerns.

I would greatly appreciate a positive review if you are happy with your purchase. Please contact me to find a solution if you are not.

Parameters

Parameter	Description
Expert Advisor
_Alias	Name or identifier for the Expert Advisor for reporting purposes.
_PropertyFile	Specifies the property file to be used to override Expert Advisor inputs.
_FileSubdirectory	Subdirectory for associated files.
_ActivationStartDateTime	Start date/time for activation.
_ActivationEndDateTime	End date/time for activation.
_Debug	Enable or disable debug mode.
Trade Management
_MaxBuyTrades	Limits the number of buy trades.
_MaxSellTrades	Limits the number of sell trades.
_TotalTrades	Total number of allowed trades.
_EnableBreakEven	Activates a breakeven mechanism.
_BreakEvenPercentageOfPrice	Percentage required to trigger breakeven.
_EnableTrailingStop	Enable a trailing stop mechanism.
_DailyMaxDrawdownAmount	Sets the daily maximum drawdown limit on account level (account protection).
_ShowCloseAllButton	Displays a manual close-all button.
Returns
_StartDayTrading	Defines the start day for trading or opening account.
_ResetTimeDailyProfitLoss	Resets daily profit/loss calculations (HH:mm).
_InitialBalance	Initial account balance as a basis for daily return calculations.
Daily System Maintenance Tasks
_TimeMaintenance	Specifies a maintenance or update time (HH:mm).
_DumpVariables	Controls variable dumping for debugging.
News
_UseLocalForexFactoryFile	Indicates use of local Forex Factory files. (If false files are loaded from internet)
_ForexFactoryOffsetHours	Offset for Forex Factory news time in hours.
_ClosePositionsOnNews	Closes positions during news events.
_MinutesBeforeAfter	Buffer time around news events .
Virtual Account Size
_ReferenceAccountSize	Virtual account size as basis for position sizing calculations (over leveraging). [Read more]
_PercentageOfBaseCapital	Percentage of the virtual account size to allocate to trading.
Strategy
_CalculatedLotSize	Enables automatic lot size calculation.
_FixedLotSize	Sets a fixed lot size if applicable.
_RemoveStopLoss	Enables or disables stop-loss orders.
_StopLossPercentageOfPrice	Percentage or asset price for stop-loss calculation.
_StopLossOppositeSideRange	Stop-loss mechanism based on opposite side range. If false percentage is taken.
_BoxWidthInMinutes	Width of range box in minutes.
_PositionOpenTime	Earliest time to open positions (time in minutes after midnight).
_PositionCloseTime	Latest time to close positions (time in minutes after midnight).
_ClosingDay	Day of the week for closing positions. (0 = every day).
Filters
_ApplyRangeFilter	Enable range filter.
_MinRangePercentageOfPrice	Minimum range percentage of price.
_MaxRangePercentageOfPrice	Maximum range percentage of price.

more...

Screenshot #10 EW Opening Range Breakout

Screenshot #11 EW Opening Range Breakout

Screenshot #12 EW Opening Range Breakout

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Optimize your trading environment: To get the best results matching the live signal, it is highly recommended to use a reliable True ECN broker with low latency and tight spreads. Because Forex liquidity varies, choosing a robust broker ensures the algorithm can execute trades with maximum precision. LIVE SIGNAL & COMMUNITY Live Performance (More than 7 months): View AI Gold Sniper Live Signal Forex EA Trading Channel: Join my community of over 15,000 members for the latest updates and support

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>>>>> Enjoy a complimentary EA as part of our EW product selection promotion! <<<<< This EA implements the Turnaround Tuesday strategy, a proven approach that capitalizes on the market's tendency to reverse direction on Tuesdays. Built within the Edgellence framework , it includes: Automatic lot sizing Money and risk management features Break even and trailing stops Daily- and total return tracking Integration with ForexFactory Multilanguage support This strategy is ideal for trading stocks a

FREE

EW Close All – One Click. All Closed. EW Close All is a lightweight, multi-language Expert Advisor that lets you close all trades and cancel all pending orders instantly — with just one button click . Closes all open positions Cancels all pending orders Works on any symbol and timeframe Multi-language interface Clean, fast, and reliable Perfect for quick exits, risk control, or end-of-day cleanups. Stay in control — close everything in seconds with EW Close All .

FREE

All our products are designed for serious traders—focused on skill, strategy, and reliability, no AI gimmicks or quick-rich shortcuts. This EA implements the Enhanced Momentum strategy, a typical trend-following approach, sometimes referred to as 'Go Long.' Built within the Edgellence framework , it includes: Automatic lot sizing Money and risk management features Break-even and trailing stops Daily- and total return tracking Integration with ForexFactory Multilanguage support This strategy is

150 USD

All our products are designed for serious traders—focused on skill, strategy, and reliability, no AI gimmicks or quick-rich shortcuts. The EW Stock Scanner is our Flagship product, an excellent trading tool that trades systematically and autonomously all stock CFDs. It scans and trades over 500 assets simultaneously, ensuring precise execution and broad market coverage. Built within the Edgellence framework , it includes: Automatic lot sizing Money and risk management features Break-even and

1 250 USD

All our products are designed for serious traders—focused on skill, strategy, and reliability, no AI gimmicks or quick-rich shortcuts. The EW Gold strategy focuses on identifying oversold conditions in trending markets. Once oversold levels are detected, the EA places buy orders, anticipating a price rebound in alignment with the prevailing trend. Built within the Edgellence framework , it includes: Automatic lot sizing Money and risk management features Break even and trailing stops Daily- and

150 USD

All our products are designed for serious traders—focused on skill, strategy, and reliability, no AI gimmicks or quick-rich shortcuts. The EW Bitcoin strategy focuses on identifying oversold conditions in a trending market. Once oversold levels are detected, the EA places buy orders, anticipating a price rebound in alignment with the prevailing trend. Built within the Edgellence framework , it includes: Automatic lot sizing Money and risk management features Break even and trailing stops Daily-

150 USD

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