RavenQuant Daybreak EA for SP500

Automated intraday volatility-breakout expert advisor for the US500 (S&P 500) on MetaTrader 5. Production version 6.

Documentation (manual) — full setup, preset file, VIX data, broker time examples, and parameter reference are in the manual. This page is a short product overview only.

Overview

RavenQuant Daybreak is a rules-based trading system for the US500. It trades opening-range breakouts in both directions, with a hard stop loss on every position and risk-based position sizing with optional compounding.

Version 6 keeps the version 4 Opening-Range Breakout, VIX filter and M15 Supertrend, and adds an H1 Combo fade. If the trade is at least an hour old, direction still favors it, and H1 strength has given back 25% of its peak since entry, the expert advisor closes.

The logic is fully mechanical: no martingale, no grid, no averaging down. Risk is set before each entry. Position size follows selectable risk profiles (including Extreme), with a broker-independent exposure ceiling. Order splitting helps when the broker max lot would otherwise block larger accounts. The session is defined in New York time and converted to the broker server clock, including daylight saving.

Performance — Medium v6 vs Medium v4

Same test, US500, 1-minute OHLC, 1 Jan 2017 – 29 Sep 2026, starting deposit €10,000, Medium profile. v6 closes on the H1 Combo fade (25% giveback). v4 is that run with fade off.

The expert advisor ships on Medium with fade flatten, H1, 25%. These figures are historical backtests, not a promise of future results (see disclaimer).

How to start

1. Load the Medium preset file (file name and download location are in the manual) via Strategy Tester / Expert Advisor inputs → Load.
2. Attach RavenQuant Daybreak US500 to a US500 chart (timeframe M15 or finer).
3. If the VIX filter is used live: allow the required WebRequest URLs (listed in the manual) before migration to MetaTrader VPS.
4. If backtesting with VIX on: place VIXCLS.csv in Terminal\Common\Files (shared across all MT5 installs) as described in the manual.
5. Set broker time (see Setup) and confirm the session window on the on-chart panel.
6. Choose a risk profile (Medium is the default) and run on a VPS near the broker server if possible.

Session note: the preset targets a typical Eastern European Time broker (winter GMT+2). Brokers differ on server time and daylight saving, so you may need to adjust the winter GMT offset or use Server time mode, then confirm the window on the panel. Per-broker examples are in the manual.

VIX filter

Live and demo: with the filter on, the expert advisor downloads daily VIX via WebRequest (primary and fallback sources). Exact URLs to allow under Tools → Options → Expert Advisors are in the manual. If VIX is off, WebRequest is not required.

Strategy Tester: WebRequest is not available. With VIX on in a backtest, use a local daily VIX CSV in MQL5/Files. File name, source, and placement steps are in the manual. If VIX is off, no CSV is needed.

Setup

Broker time: enter session times in New York (Eastern Time) and set the broker winter GMT offset — or, if the broker clock is already on New York time, use Server time mode and type the hours directly. Full examples are in the manual.

Sample time config (by broker server clock)

The session is defined in New York (Eastern Time). The expert advisor converts it to the broker server clock — the time in MetaTrader Market Watch, not the country you live in. You always enter the Eastern Time hours (09:00 / 10:00 / 15:30); the conversion is automatic.

Only the broker server clock matters for the offset. Example: if you live in Spain but the broker server is Eastern European Time / GMT+2, use offset 2, not the Central Europe row. To find the offset, open Market Watch, compare server time to UTC, round to the whole hour; if measured in summer, subtract 1 for the winter offset. Then confirm the window on the on-chart panel.

Recommended settings (US500 v6)

Default Medium profile (load the preset in this folder):

Main points

Hard stop loss and take-profit logic on every trade. No grid and no martingale. VIX and M15 Supertrend filters, plus an H1 Combo fade that closes when strength gives back 25% of the peak since entry. Automatic order splitting when the broker max lot would block size. The shipped comparison is Medium v6 against the same Medium run with fade off.

Risk disclaimer. *Performance figures are hypothetical results from historical backtests (US500, 1-minute OHLC, 1 Jan 2017 – 29 Sep 2026, €10,000 starting deposit, Medium profile). v6 is compared with the same test with Combo fade off. They do not represent real trading and were obtained with the benefit of hindsight. Past and simulated performance is not indicative of future results. Trading leveraged products such as contracts for difference and indices carries a high level of risk. RavenQuant Daybreak is a trading tool, not financial advice or a guarantee of profit. Only trade with money you can afford to lose.

RavenQuant Daybreak US500 v6 — Intraday Volatility Breakout — MetaTrader 5 — (c) 2026 RavenQuant