Open Range Breakout EA MT5

Fully automatic system for Indices DAX, S&P500, DowJones, Nasdaq, Forex and so on.

The Open Range Breakout Strategy became popular in the 1980s. The book "Day Trading With Short Term Price Patterns and Opening Range Breakout "of the trader Toby Crabel is probably the best known about this strategy.

It is a fairly straightforward approach to trading that is popular with both professionals and beginners. In the pre-market opening phase, one or more stop entries are placed in the market. These will then traded on the market opening breakout.

With the ORB Expert Advisor we have programmed a fully automatic system for DAX CFD trading. This EA uses MetaTrader 4 as a platform. On the website of Youtube are some videos about the EA already published. Automated trading with the MT5 platform will be available shortly.

included ORB Expert Advisor functions:

• Partial sale possible
• Fixed loss limit adjustable
• Temporal range settings
• Adjustable maximum range size
• Button for quick manual break even and OrderClose
• three stop loss options, range high-low/middle high-low of the profit box
• three different trailing stops based on the set stop loss
• Breakeven stop in points or by Partial Sale
• Activate Spread Control
• Activate range control
• Variable profit box with CRV settings
• Adjustable buffer on range high and low
• Two pending orders at the high / low of the range
• Pending order conversion into MarketOrder
• One open pending order deletes the other pending order
• Activation of two active pendings orders
• Time limit for active pending orders
• Close time of order before market closes
• Runs on the timeframe M1
• E-Mail Alert
• Statistics display in EA
• Trend settings possible via moving average
• Updates included
• 3 year Licence
• 1 year E-Mail support
• Platform MetaTrader 5 - MT5
• Settings in english language