RIBS Flexible ORB EA
- Experts
- Version: 1.0
- Activations: 5
IMPORTANT
the current regime settings for nas100 (spx500 settings soon) :
1 minute TF
InpORBDuration=25
| InpBreakoutConfirmCandles=1 |
| InpNYStartHour=16 |
| InpNYStartMinute=30 |
| InpUseTrendFilter=true | ||||||||||||
| InpEMALength=100 | ||||||||||||
| InpUseVolumeFilter=true | ||||||||||||
| InpVolMALength=40 | ||||||||||||
| InpVolMultiplier=1 | ||||||||||||
| InpUseATRFilter=true | ||||||||||||
| InpATRLength=24 | ||||||||||||
| InpMinRangeATRMult=4 | ||||||||||||
InpSLFixedPoints=9000
InpRiskRewardRatio=4.5
InpBEPoints=6000
Feel free to costimize to youre liking
ORB (Opening Range Breakout) EA
Capture early market momentum when volatility is at its peak
The ORB EA for MetaTrader 5 is a sophisticated, fully automated trading system built to exploit the powerful directional moves that frequently occur right after the market opens.
The Power of the Open
Experienced traders know that the opening hour of a major financial session (like London or New York) sets the tone for the trading day
This EA formalizes this volatility. It automatically constructs a specific "Opening Range"—defined by the high and low prices established during a user-defined time interval—and then waits for institutional order flow to drive the price decisively out of that range.
Core Strategy Execution
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Define the Range: Upon the session open, the EA begins monitoring price action to establish the upper and lower boundaries of the Opening Range.
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Wait for Confirmation: The EA does not simply execute on a touch. It utilizes advanced filters to confirm a true momentum breakout. (For example, requiring a candle close beyond the range boundary or validating volume spike).
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Execute and Manage: Once confirmed, a trade is executed in the direction of the breakout. The trade is immediately protected by initial risk parameters and, optionally, actively managed using a trailing stop.
Key Features
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Fully Customizable Timing: Define your opening time and the duration of your range (e.g., 5 min, 15 min, 30 min, 1 hour ORB).
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Precision Breakout Logic: Designed to minimize false breakout entries, focusing only on high-velocity moves.
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Asset Versatility: Optimized out-of-the-box for volatile assets like NAS100, SPX500
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Robust Trade Management: Secure profits early with customizable Take Profit levels, multiple Trailing Stop options, and strict Stop Loss protection on every trade. No dangerous grid or martingale strategies.
Version History & Updates
Keep your user base informed of optimizations and technical fixes here:
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v1.00 (Initial Release):
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Launch of the core ORB execution algorithm.
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Integrated dynamic range visualization on the chart.
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Initial optimization set files provided for NAS100 (25-min ORB).
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