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Opening Range Breakout EA

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


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Daytrade Pro Algo MT5
Profalgo Limited
4.5 (10)
Promozione lancio: Numero limitato di copie disponibili al prezzo corrente Prezzo finale: 990$ Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Benvenuto in DayTrade Pro Algo!   Dopo anni di studio dei mercati e programmazione di diverse strategie, ho trovato un algoritmo che ha tutto ciò di cui ha bisogno un buon sistema di trading: È indipendente dal broker Si sviluppa indipendente Mostra backtest mol
Taurus MT5
Daniel Stein
Taurus rappresenta il culmine degli sforzi dedicati a perfezionare la già efficace strategia di Mean Reversion, sfruttando i nostri esclusivi dati sui volumi di trading reali. Il sistema negozia ogni simbolo utilizzando le sue impostazioni migliori, fornendo un eccezionale rapporto rischio/rendimento e un'esperienza di trading equilibrata e priva di stress per i suoi utenti. Fatti chiave Strategia di mean reversion basata su dati unici di volume reale Gestione seria del rischio senza griglie,
Boring Pips MT5
Thi Thu Ha Hoang
4.65 (23)
Ti sei mai chiesto perché la maggior parte degli esperti consulenti non è efficace nel trading reale, nonostante la loro perfetta performance nei backtest? La risposta più probabile è Over-fitting. Molti EA vengono creati per 'imparare' e adattarsi perfettamente ai dati storici disponibili, ma falliscono nel prevedere il futuro a causa di una mancanza di generalizzabilità nel modello costruito. Alcuni sviluppatori semplicemente non conoscono l'esistenza del Over-fitting, o ne sono a conoscenza
SSX Titan TT
Artem Minchuk
3.14 (50)
Delving deep into the sphere of finance and trading strategies, I decided to conduct a series of experiments, exploring approaches based on reinforcement learning as well as those operating without it. Applying these methods, I managed to formulate a nuanced conclusion, pivotal for understanding the significance of unique strategies in contemporary trading. Neural network advisors, despite showcasing impressive efficiency in the initial stages, proved to be highly unstable in the long run. Vario
Quantum Trade EA MT5
Bogdan Ion Puscasu
4.79 (139)
Presentazione       Quantum Trade EA   , l'innovativo consulente esperto MQL5 che sta trasformando il modo in cui fai trading sulla prestigiosa coppia GBPUSD! Sviluppato da un team di trader esperti con un'esperienza di trading di oltre 13 anni, Quantum Trade       EA è progettato per spingere il tuo viaggio di trading a nuovi livelli con la sua strategia innovativa e dinamica della zona di breakout. IMPORTANTE! Dopo l'acquisto inviatemi un messaggio privato per ricevere il manuale di installa
Altri dall’autore
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.
FREE
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
Tails
Dua Yong Rew
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. By default, the indicator will plot two support and two resistance lines. If needed, you can set the extended levels to "true" to show three support and three resistance lines. Input Parameters Extended_Levels - show extended levels in the chart; Clr_Support - color for the support lines; Clr_Resistance - color for the resistance
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
Night Scalper EU
Dua Yong Rew
5 (1)
Night Scalper is a professionally coded night scalper that trades during the quiet session one hour before and after rollover timing. It is designed to trade EURUSD ( M5 timeframe ), though it is not limited to this currency pair. It does not use dangerous strategies, such as grid or martingale strategies, so it is a safe Expert Advisor. It is recommended to use a tight spread broker, preferably an ECN broker with good liquidity. For a list of brokers that work well with this EA, please visit my
Tails EA
Dua Yong Rew
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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Versione 1.12 2023.09.27
able to look into previous day start hour
Versione 1.11 2023.09.26
Bug fixes
Versione 1.1 2023.09.24
Speed improvements