Opening Range Breakout (ORB)

Core Strategy Logic

Name: Opening Range Breakout (ORB)
Goal: Enter breakout trades after a defined range is formed during a session's initial minutes.

📅 Trading Sessions & Times

You define sessions like:

🔄 Show Session Box: true
📈 Show Session High/Low Lines: true

💼 Trade Entry Logic

• Breakout Time: After session ends.

• Trigger: Price breaks above session high (buy) or below session low (sell).

• Breakout Confirmation:

  • Confirm breakout with live candle close beyond session high/low.

  • Optional: price must break X pips beyond the high/low ( Pips beyond breakout line = 0 ).

  • Breakout Confirmation Timeframe: 1 Minute candle.

📊 Position Sizing

• Lots: 1.0

• Lot Management: Off

• Risk-based Position Sizing: Off

🎯 Take Profit / Stop Loss

• Take Profit: 10 pips

• Stop Loss: Opposite range level

• Take-Profit Method: Fixed pips

• Stop-Loss Method: Based on session high/low breakout direction

• Profit Protection: Off

• Trailing Stop: Off

⚙️ Order Limits

• Buy Orders Per Day: 1

• Sell Orders Per Day: 1

• Total Orders Per Day: 2

🔁 Trailing Parameters (if enabled)

• Trailing Start in Pips: 100

• Trailing Step: 90

🎨 Visual/Graphic Settings (Optional but useful for visual debugging)

• Breakout Sign (Bearish): 234

• Breakout Sign (Bullish): 233

• Bearish Breakout Color: Red

• Bullish Breakout Color: Lime

• Range Labels Font: Arial, Size 7

• Height Labels Font: Arial Black, Size 8

• Swept Sign Distance: 2

• Margin Area Color: LightGreen

🔔 Other Parameters

• Magic Number: 139172 (used to identify EA trades)

• Decrease Factor: 1 (unused if lot management is off)

🚫 Disabled Features

• Profit protection: false

• Trailing: false

• No dynamic lot management

• No breakeven activation

• No additional R:R logic