ORB Automator Opening Range Breakout

If you already trade the Opening Range Breakout (ORB) strategy manually, you know the daily routine: wait for the opening range to form, quickly calculate your risk, place your Buy Stop and Sell Stop orders, and monitor the trade.

ORB Automator is designed specifically for experienced ORB traders to completely automate this mechanical workflow. You define the times and the risk; the EA handles the execution.

Instead of staring at the screen waiting for a candle to close, let the EA identify the range, calculate the lot size, place the breakout orders, and manage the trade to completion.

Key Features:

• Automated Range Detection: Simply input your “Range Start” and “Range End”. The EA automatically identifies the High and Low of this specific period.

• Pending Order Execution: Automatically places Buy Stop and Sell Stop orders at the range boundaries. You can add a “Pending Order Offset” (in pips) to avoid false breakouts.

• OCO Logic (One-Cancels-Other): Once the breakout happens and one order is triggered, the EA will automatically delete the opposite pending order “Delete opposite P.Order”.

• Precise Risk Management: Forget manual lot size calculators. Set your Risk per trade to a fixed dollar amount. The EA calculates the exact lot size based on your Stop Loss distance.

• Advanced Trade Management: Auto Break-even: Move your stop to entry after reaching a specified profit percentage, plus an optional pips offset to cover commissions.

• Trailing Stop: Secure profits automatically with customizable Start, Step, and Stop distances in pips.

• Time-Based Exits: Ensure you never hold trades longer than intended. Set a time to automatically delete untriggered pending orders and a hard time to close all active trades.

Who is this for?

This EA is not a "get-rich-quick" black box. It is a utility execution tool for discretionary day traders who have a proven ORB edge (on indices, forex, or commodities) and want to remove emotional and manual errors from their daily execution.

EA Parameters / Inputs:

Trading Time (Server Time)

• Range Start: The exact broker server time at which the opening range box begins (e.g., 16:30).

• Range End: The time the opening range box closes and the EA places the pending orders (e.g., 16:45).

• Delete Pending Orders: The time to automatically cancel any untriggered pending orders (e.g., 21:00).

• Close Trades: The time to hard-close any active trades to avoid holding overnight (e.g., 21:50).

• Timeframe: The chart timeframe the EA operates on (default is M15).
  
  

Money Management

• Risk per Trade: The fixed amount of money you want to risk per trade in your account currency (e.g., $100). The EA calculates the lot size automatically based on the range size.
  
  

Trades Management

• Take Profit (%): Take profit distance calculated as a percentage of your stop loss (e.g., 300 = 1:3 Risk/Reward Ratio).

• Delete opposite P.Order: (True/False) When True, triggers OCO logic to delete the opposing pending order once a trade is activated.

• Pending Order Offset: Adds extra pips outside the High/Low range for your entry, helping to avoid fake-outs (wicks).

• Stop Loss Offset: Adds extra pips to your Stop Loss placement for extra breathing room.
  
  

Break-even Settings

• Auto Break even: (True/False) Enable or disable the automated break-even function.
  

• Profit (%): The required profit (as a percentage of the stop loss size) before the EA moves your stop to entry.

• Pips Offset: The number of pips to lock in when moving to break-even, ensuring trading costs/commissions are covered.
  
  

Trailing Stop Settings

• Auto Trailing stop: (True/False) Enable or disable the trailing stop feature.

• Stop: The distance in pips to trail behind the current price.

• Step: The frequency/increment in pips required to move the trailing stop.

• Start: The amount of profit in pips required to activate the trailing stop mechanism.