Opening Range Breakout EA MT4

Opening Range Breakout EA is a focused trading robot that automates one of the most effective intraday strategies: trading the session breakout. It operates by observing the market during its initial, quiet phase to establish the opening range. Once that range is defined, the EA is ready to enter a trade the moment price action confirms a breakout, helping you ride the volatility that follows.

The Trading Idea

The core of this strategy is simple: many of the day's biggest moves begin when the market breaks free from its initial consolidation. This EA provides an automated way to watch the market's initial behavior and execute a trade precisely upon the breakout, ensuring you capture the move only when true momentum is present.

It uses classic, structured breakout logic and does not incorporate high-risk techniques like Martingale or Grid systems.

What This EA Does:

Identifies the Range: You set the time window (e.g., the first 30 minutes of the New York session), and the EA automatically establishes the highest and lowest points of that period.
Direct Breakout Execution: The EA monitors the range boundaries and executes a market order directly when the price moves decisively above the high or below the low.
Essential Risk Management: You can easily define your necessary Stop Loss and Take Profit levels to manage the risk of each trade.

Customizable Session Times: You control the start and end times for range calculation and trade execution, allowing you to adapt the strategy to different market sessions and instruments.


MT5 version here.

Input parameters:

  • Magic number – Unique EA identification number
  • Time shift – Timezone shift in hours; a value of 1 adds one hour to all time calculations
  • Range color –  Color used to draw the range
  • Range color fill - Fill the range area with color
  • Trade both sides? – Enable trading in both directions of one range
  • Entry offset – Distance in points added to entry price towards outside of the range
  • Range starting hour – Hour when range starts
  • Range starting minute – Minute when range starts
  • Range ending hour – Hour when range ends
  • Range ending minute – Minute when range ends
  • Stop trading after specific time? – Disable trading and close all orders after a set time
  • Trading end hour – Hour to stop trading
  • Trading end minute – Minute to stop trading
  • Other range side stop loss - Stop loss at the opposite side of the range
  • Stop loss in points - Stop loss distance in points (if range sl is set to false)
  • Take profit in points - Take profit distance in points
  • Lotsize -  Fixed lot size per trade
  • Lotsize percent -  Lot size as a percentage of balance (if Lotsize is set to 0)


If you find Opening Range Breakout EA useful, please consider rating it.
Whenever you have ideas or suggestions for improvement, please contact me.

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Dmitriq Evgenoeviz Ko
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Connor Michael Woodson
Experts
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3 (2)
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Fan Yang
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Leonid Arkhipov
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4 (3)
Experts
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Bogdan Ion Puscasu
5 (6)
Experts
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Gold Challenger EA
Xian Qin Ceng
Experts
Gold Challenger EA,   a new EA based on BeiDou Trend EA, has been launched. It is suitable for high volatility products such as XAUUSD. Gold Challenger EA still uses the breakout method.   Breakout trading is a very old method. Since the 1900s, since Livermore, this method has been widely used. It has been more than 120 years. This method is always effective, especially for XAUUSD and Gold with high volatility.   I have been using the breakout method to make profits on XAUUSD in the early stage
Chaos Algo Trading EA
Stefano Frisetti
3.67 (3)
Experts
DESCRIPTION With the CHAOS ALGO TRADING EA, You dont need anymore to guess prices direction, You can profit when prices move either in mark up or in mark down from the moment You activate the EA in Your trading account. The ALGO TRADING EA was created to fully automate the TRADING STRATEGY OF CHAOS, leaving the single TRADE OPEN and TRADE CLOSE to the EA, and keeping for the TRADER only the decision when to activate it or close it. The EA is best used in loops; so if USER activate it, and then
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AW Trading Software Limited
4.5 (8)
Experts
Advisor AW Double Grids MT4   - é um consultor de grade agressivo e totalmente automatizado, com um painel de negociação de informações e configuração simples. A estratégia consiste em trabalho bidirecional simultâneo, multiplicando o volume de uma direção. Cálculo de lote automático integrado, várias variações de aumento do volume de posições e outras funções são implementadas. Instruções ->   AQUI   /   Resolução de problemas ->   AQUI   / Versão MT5 ->   AQUI Como o consultor negocia: A AW
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Jamil Eugene Brown
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