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ORB Williams FPO

The ORB-Williams FPO trading robot is the result of combining different Opening Breakout Ranges including the Toby Crabel Opening Range Breakout (ORB) strategy with additional trending indicators for a better entry signal, with the Larry Williams First Profitable Opening (FPO) exit to close the trade.

 You can see the result of my real account operations in Signals: https://www.mql5.com/es/signals/1481106?source=Site+Signals+Favorites

The Opening Range Breakout (ORB) is a range of price variation, which for each session, it generates a combination of support and resistance levels, positioning itself in favor of breaking out of the bands, when it is exceeded on the upside is a signal to buy or enter long and when it is exceeded on the downside it is a signal to sell or enter short.

 

These levels depend notably on a couple of parameters that the system has, so depending on the value that we give to these parameters, the results of the system can vary considerably. The parameters in question are “no_trade_hour” and “trade_hour”. These two parameters, although they are integers, actually represent the time of day.

 

The system uses 4 range calculation methods: Pivot Point; Crabel; MaxMin; MaxMin Pivot.

The system opens a position from the time marked by the “open_hour” parameter and when the price breaks support or resistance in the direction of such breakout.

 

FPO is the acronym for First Profitable Opening or, what is the same, first profitable opening. This is an exit pattern, not an entry pattern, that is, it would be used once we are already inside the market. According to Larry Williams, the exit strategy is one of the most important aspects of short-term trading.

 

The FPO consists of closing the position at the first opening of the bar or the first candle in which the position is in profit, that is, whenever the opening of the candle is above the level that we buy or whenever the opening of the candle is below the level we sold.

 

Once inside the market, we also prepare the system to undo the position if it reaches the time set by the "open_hour" parameter or if the price exceeds the stop loss defined with the “StopLoss” parameters.

 

To set the SL we prepared 3 different strategies: Based on ORB; Based on ATR; Based on Amount of Pips.

 

The system does not allow more than one trade per session, so once the entry order is executed, no new trade is made until the position is closed, due to a take profit, stop loss or FPO condition.

 

With this pattern, what is achieved is a very high percentage of successes, but for this it is necessary for the system to place the stop loss at a correct distance, not too far away because with a loss it could "undo" all the profits made, not too far close because it would execute many more times and would not give the price a run to reach the profitable opening.

 

Main advantages:

1.      The robot observes every tick of the price change, making trading decisions at any second of trading sessions;

2.      Money Management and risk functionality;

3.      Several options to determine SL and TP;

4.      Strategy customizable parameters;

5.      Send email after each trading execution;

 

IMPORTANT! Contact me immediately after purchase for instructions.

 

I am ready to help each buyer to install and configure the advisor.

If you have never used EA before, I will show and teach you how to use it.


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Forex Play
Ivaylo Petkov
Forex Play EA is an automated Expert Advisor based on smart algorithm and some standard indicators like Bollinger Bands, Stand Deviation etc. Money management - automatic lot calculation based on your risk per trade or manually set; Broker SPY Module (Hidden Take Profit and Stop Loss); Spread and Slippage Protection; High Trading Frequency; Flexible input options to use on different currency pairs; This system uses no grid, no martingale, no arbitrage, no hedges; Parameters Distance from BB fo
4 999 USD
ATTENTION IT IS IMPORTANT: Do not use this system for trading in currency pairs. ATTENTION IT IS IMPORTANT: Do not use this system for trading and testing without individual set files for the selected broker. Marrykey stock Indexes is a scalper system built on the hybrid combinatory Ichimoku Kinko Hyo is equipped with 6 different strategies and designed primarily to work on US stock indices such as S & P500, NASDAQ, Dow Jones, Russell2000. The system is capable of operating on frames from M5 to
4 000 USD
Medeo
Sabit Dosaev
Advisor Medeo 10.0 universal. Advisor Medeo trading bot. It has successfully passed the test in 21 years. This is the entire history of Alpari broker quotes for 4 currency pairs at once. Any broker with MT4 terminal. The EA uses 4 separate trading mathematical algorithms. NOT martinite and NOT averaged NOT grid. Scalping, medium term, long term. ECN accounts, preferably with a fixed spread. shoulder from 1-50 and 200 to 1-400 and 1-500 A deposit of 100 cents or more is r
9 000 USD
Win Sniper Follow
Nirundorn Promphao
Win Sniper Follow  is a fully automated Expert Advisor with no use of martingale. Night scalping strategy. The RSI indicator and an ATR-based filter are used for entries. Real operation monitoring as well as my other products can be found here :  https://www.mql5.com/en/users/winwifi/ General Recommendations The minimum deposit is 100 USD, the recommended timeframe is M15, H1, H4. Use a broker with good execution and with a spread of 2-5 points. A very fast VPS is required, preferably with a lat
2 894 USD
This is a fully automatic EA based on price fluctuation, it uses principle of special recognition of price and balance. The parameters are simple and adaptable,the EA can deal with shock, trend, data, news and other types of market, and the performance is stable. Run timeframe: the results are the same in any period. Execution demonstration of the EA can be viewed in the links below: https://www.mql5.com/zh/signals/470101 Requirements and suggestions Please use this EA on EURUSD H1 timeframe,
3 600 USD
ATTENTION : The Tiger Control EA can not be tested in the MT4 strategy tester !!!  TigerControl EA  robot is a fully automated robot for  Forex trade.  TigerControl EA  is a combination numerous special trend strategy ,that It provides the possibility the best entries of the trade . TigerControl EA robot is designed  for medium and long term trading ,the robot will help you deal with and manage emotions ,and you don't need worry about news release any more !!  The trend is the key ,the TigerCo
2 200 USD
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casamartinez
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casamartinez 2022.05.19 20:39 
 

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Jaime Ynzenga Gimeno
205
Reply from developer Jaime Ynzenga Gimeno 2022.06.16 12:25
Muchas gracias por tu comentario, me alegra mucho que esté funcionándote y ya hayas duplicado tu cuenta gracias a este EA. Si tienes cualquier duda o quieres probar algún nuevo instrumento no dejes de contactarme.
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Version 1.2 2022.05.18
Improvement in lot calculation and minor changes in display functionality
Version 1.1 2022.04.12
Data type conversion