EW Opening Range Breakout

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).
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_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.


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PROP FIRM READY!  --> DOWNLOAD ALL SET FILES WARNING: Only a few copies left at current price! Final price: 990$ NEW (from 399$ only) : Choose 1 EA for Free! (limited to 2 trade accounts numbers, any of my EAs except UBS) Ultimate Combo Deal   ->   click here JOIN PUBLIC GROUP:   Click here Live Signal Live Signal 2 !! THE GOLD PHANTOM IS HERE !! After the massive success of The Gold Reaper, I'm extremely proud to introduce its powerful brother: The Gold Phantom , a pure, no-nonsense breako
Golden Mirage mt5
Michela Russo
4.7 (60)
Limited stock at the current price! Final price: $1999 --> PROMO: From $299 --> The price will go up every 5 purchases, next price : $399 Golden Mirage is a robust gold trading robot designed for traders who value reliability, simplicity, and professional-grade performance. Powered by a proven combination of RSI, Moving Average,  ADX, and High/Low Level  indicators, Golden Mirage delivers high-quality signals and fully automated trading on the M5 timeframe for XAUUSD (GOLD) . It features a robu
Gold Trade Pro MT5
Profalgo Limited
4.28 (36)
LAUNCH PROMO: Only a few copies left at current price! Final price: 990$ Get 1 EA for free (for 2 trade accounts) -> contact me after purchase Ultimate Combo Deal   ->   click here Live signal:   https://www.mql5.com/en/signals/2084890 Live Signal high risk :  https://www.mql5.com/en/signals/2242498 Live Signal Set Prop Firm Set File JOIN PUBLIC GROUP:   Click here Parameter overview Gold Trade Pro joins the club of Gold trading EA's, but with one big difference: this is a real trading strate
Xauusd Breeze
Abdelrahman Ahmed Mahmoud Ahmed
5 (6)
XAUUSD Breeze is a precision-engineered Expert Advisor that simplifies the complexity of the gold market. It seamlessly merges the structural reliability of classical support and resistance analysis with a highly optimized, world-class scalping strategy. By identifying high-probability price "bottlenecks" and liquidity zones, XAUUSD Breeze captures rapid movements with ease, offering a smooth and consistent trading experience even in volatile conditions. The price starts at $79. It increases by
Zeno
Anton Kondratev
5 (2)
ZENO EA  is a Fully Automated and Multi-Faceted Open EA for Identifying Vulnerabilities in the Market for GOLD ! Not    Grid   , Not    Martingale  ,  Not    " AI"     , Not    " Neural Network" ,  Not    " Machine Learning"  , Not "ChatGPT" ,   Not   Unrealistically Perfect Backtests  Signal Live ICM +51 Weeks :  https://www.mql5.com/en/signals/2350001 Default   Settings for One Сhart   XAUUSD or GOLD H1 ZENO Guide About Settings Signals Commission Free Broker Refund Updates My Blog Optimizatio
Zenox
PETER OMER M DESCHEPPER
4.46 (24)
Each time the live signal grows with 10%, the price will be raised to keep Zenox exclusive and protect the strategy. Final price: $2999. Live Signal IC Markets Account, see the live performance for yourself as proof! Download user manual (English) Zenox is a state-of-the-art AI multi-pair swing trading robot that follows trends and diversifies risk across sixteen currency pairs. Years of dedicated development have resulted in a powerful trading algorithm. I used a high-quality dataset starting
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