RH Golden Orb
- Experts
- Richard Henry
- Versão: 1.70
- Atualizado: 6 maio 2026
- Ativações: 10
Overview
RH Golden ORB is a range-breakout Expert Advisor for MetaTrader 5. It identifies a price range during a configurable session window, then places pending buy-stop and sell-stop orders just outside that range. When one order triggers, the opposite is cancelled automatically. An optional profit-lock mechanism trails the stop loss in fixed-point steps to protect open profit.
Time Zone
| Parameter | Default | Description |
|---|---|---|
| LocalTimeZoneOffset | 0 | Your UTC offset (e.g. -4 for EDT, +1 for CET) |
| AutoDetectBrokerTime | true | Auto-detects broker offset every 6 hours. Keep true. |
v1.61 fix: No more INIT_FAILED on weekends. EA defaults to offset 0 when market is closed and corrects itself on Sunday open.
Range Settings
| Parameter | Default | Description |
|---|---|---|
| RangeTimeframe | M1 | Timeframe for range calculation |
| RangeStartTime | 01:00 | Range window open (broker time) |
| RangeEndTime | 07:00 | Range window close — orders placed after this |
| ShowRangeLines | true | Draws range box on chart |
Common windows: London 01:00–07:00 | New York 07:00–12:00 | Asia 20:00–01:00
Lot Size
| Parameter | Default | Description |
|---|---|---|
| UseFixedLotSize | false | true = fixed lot / false = risk % (recommended) |
| FixedLotSize | 0.01 | Used only if UseFixedLotSize = true |
| RiskPercent | 1.0 | % of balance risked per trade |
Formula: Lot = (Balance × Risk%) ÷ (SL points × point value) Lot is capped automatically if margin is insufficient.
Start at 0.5% on live accounts. 1% is the recommended maximum.
Stop Loss & Take Profit
| Parameter | Default | Description |
|---|---|---|
| StopLossPoints | 4000 | SL distance in points. 0 = opposite range boundary |
| TakeProfitPips | 0 | TP in pips. 0 = disabled |
Points reference (5-digit broker): 50 pips = 500 pts | 100 pips = 1000 pts | 400 pips = 4000 pts
When StopLossPoints = 0: Buy SL → rangeLow, Sell SL → rangeHigh.
Profit Lock
| Parameter | Default | Description |
|---|---|---|
| ProfitLockTrigger | 3000 | Points profit before SL starts moving. 0 = off |
| ProfitLockIncrement | 1500 | SL advances this many points per step |
Example: Trigger 3000 / Increment 1500 — at 3000 pts profit SL locks 1500 pts, at 4500 pts locks 3000 pts, and so on. SL never moves backward.
Trading Days
| Parameter | Default |
|---|---|
| TradeMonday – TradeFriday | true |
| FridayEarlyClose | false |
| FridayCloseTime | 12:00 |
Enable FridayEarlyClose on Gold/Forex to avoid Sunday gap risk.
| Parameter | Default | Description |
|---|---|---|
| MagicNumber | 123456 | Unique ID per EA instance. Change if running multiple symbols. |
| CloseAllTime | 2300 | All positions and orders closed at this time daily (HHMM) |
Recommended Presets
XAUUSD (Gold) — Default Settings
EURUSD / GBPUSD — London Open Range 01:00–07:00 | SL 500 pts | Lock 400/200 | Risk 1% | Friday close 12:00
DISCLAIMER: Trading carries significant financial risk. Past performance does not guarantee future results. Test on demo before going live. The author accepts no liability for trading losses.
