Opening Range Breakout EA

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  • Dua Yong Rew
    Dua Yong Rew

    Dua Yong Rew

    4.5 (2)
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    7 products 249 topics 1271 comments
  • Version: 1.12
  • Updated: 27 September 2023
  • Activations: 5

An Opening Range Breakout (ORB) EA is an automated trading system that is designed to trade a financial instrument based on a specific strategy called an Opening Range Breakout. The strategy is commonly used by day traders in the financial markets, particularly in the stock market.

The Opening Range Breakout strategy is based on the idea that the first few minutes of the trading day can be particularly volatile, and that a significant move in the price of a stock or other financial instrument can occur during this time. The strategy involves identifying the high and low price range of the first few minutes of the trading day, and then placing buy or sell orders at a certain distance from this range. If the price breaks out of this range, the buy or sell orders are triggered, and the trader can make a profit from the resulting price movement.

The ORB EA automates this strategy by using algorithms to identify the high and low range of the first few minutes of the trading day and placing buy or sell orders based on this range. The EA can be programmed to include additional criteria, such as stop-loss orders, take-profit orders, and other risk management parameters.


Variable Explanation

ORB Day Shift - 0 is current day, 1 is a day before, 2 is 2 days before...

ORB Start Hour,  ORB Start Min - Starting hour and minute of range

ORB End Hour,  ORB End Min - Ending hour and minute of range

PO End Hour, PO End Min - Time to delete PO


Stretch (Buy) - Points to add to Buy PO

Stretch (Sell) - Points to add to Sell PO


Support Telegram https://t.me/stepperbo


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MQL TOOLS SL
4.33 (112)
Experts
The XG Gold Robot MT5 is specially designed for Gold. We decided to include this EA in our offering after extensive testing . XG Gold Robot and works perfectly with the XAUUSD, GOLD, XAUEUR pairs. XG Gold Robot has been created for all traders who like to Trade in Gold and includes additional a function that displays weekly Gold levels with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on Price Action, Cycle S
Diamond Scalper MT5
Lo Thi Mai Loan
5 (2)
Experts
Live Signal: https://www.mql5.com/en/signals/2382857 Live Signal-2: https://www.mql5.com/en/signals/2390825 Live Signal Setfile  (Risk 2% per trade) IMPORTANT - READ BEFORE CHOOSING A MODE: full backtest of all 11 Trading Modes → https://www.mql5.com/en/blogs/post/775822 You've watched Gold rip 1500 points in a straight line and felt your stomach drop - not because you were wrong about the direction, but because you were still staring at your phone, half a second too slow to click. You've set a
Scalping Index Pro MT5
MQL TOOLS SL
5 (3)
Experts
Scalping Index Pro is a professional trading system designed specifically for fast and precise scalping on US30 and DE40 using the M1 timeframe . The system has been developed specifically for the unique behavior of major stock indices, focusing on short term price movements, rapid momentum changes, market volatility, and selective grid based trade management techniques to identify high probability trading opportunities . Scalping Index Pro is optimized for traders who prefer dynamic trading wit
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Dua Yong Rew
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This EA will read news from MQL website and create global variable to indicate if there is a news reported within the specified time frame. You can then read these global variable in your EA to filter out trades. Global variable format - News_CHF, News_EUR, News_GBP, News_JPY and News_USD If value is 0 means no news. If value is 1 means there is news reported within the specified time frame. Please comment to give suggestion to improve it.
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Send periodic (Health Check) notification from your MT4 terminal to your mobile phone to be sure that your MT4 terminal is still running. When you did not receive the notification, it means that your terminal is unavailable. Optional information like Account Equity and Trading Pairs are also available. Notification Period - 1 Hour, 2 Hours, 4 Hours, 8 Hours, 12 Hours, 24 Hours Attach EA to any H1 chart
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Advance BreakOut Scalper
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The Advanced BreakOut Scalper is an effective trading system with predetermined Take Profit, Stop Loss, and Trailing Stop settings. As the name implies, its strategy is trading breakouts. It is professionally coded and runs quickly in backtesting or optimization mode. It does not employ grid, martingale, averaging, or any other risky money management strategies. It is recommended to use a tight spread broker, preferably an ECN broker with good liquidity. For a list of brokers that work well wi
Night Scalper EU
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5 (1)
Experts
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Dua Yong Rew
Experts
Tails EA is not intended to do live trading, but rather to serve as a demonstration tool to show the power of the Tails Indicator and to help find the correct offset for a specific currency pair. A signal is taken when the price level breaches SR level 1 and the trade is reversed. Tails indicator here Tails is an indicator that predicts where the price will rebound and reach in a day candle. This indicator does not repaint and is to be used in time frames below D1. Support Telegram   https://
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