RH Golden Orb
- Experts
- Richard Henry
- Versione: 1.40
- Attivazioni: 10
RH Golden ORB EA - Feature Summary
This is a Range Breakout trading Expert Advisor (EA) for MetaTrader 5 with the following features:
Core Trading Strategy
Range-Based Trading: Calculates price range during a specified time period (default: 03:05 - 06:05)
Breakout Orders: Places buy stop above range high and sell stop below range low
One-Cancels-Other: When one order triggers, the opposite pending order is automatically deletedDaily Reset: All variables and trading logic reset at midnight for fresh daily trading
Key Features
Time Management
Timezone Support: Auto-detects broker timezone and adjusts for user's local timezone
Flexible Schedule: Customizable range period and close-all time (in broker time)
Automatic Daily Close: Closes all positions at specified time (default: 18:00)
Risk Management
Fix lots or
Percentage-Based Risk: Calculates position size based on account balance risk percentage (default: 1%)
Stop Loss: 1% of entry price (configurable)
Take Profit: Configurable in pips (default: 20,000 pips / 0 = disabled)
Works for Forex & Gold: Lot size calculation adapts to different symbol specifications
Visual Features
Range Lines: Displays horizontal lines for range high (red) and low (green)
Shaded Range Box: Blue rectangle showing the identified range zone
Optional Display: Can toggle range visualization on/off
Technical Details
Magic Number: Identifies EA's orders (default: 123456)
Timeframe Flexibility: Range can be calculated on any timeframe (default: M1)
Buffer Protection: Adds 20-point buffer to pending orders to meet broker requirements
Broker Compatibility: Adjusts SL/TP to meet minimum distance requirements
This EA is designed for traders who want to capitalize on range breakouts with automated risk management and clear visual feedback.
Recommend Pairs
XAUUSD
EURJPY
USDJPY
US30
EA Setting
Adjust you local time zone offset also change TP to 0.
The ideal is to let orders run and close at order close time.
All other setting are configurable. You can change and test your self but default is fine for pairs above.
Minimum Balance $1000. This is not financial advice. Also test on demo first.
