Open Range Breakout MT5 MT5 Open Range Breakout Expert Advisor

Fully automatic system for DAX, S&P500, DowJones, Nasdaq, Forex and so on. The open range breakout strategy became popular in the 1980s. Trader's book "Day Trading with Short Term Price Patterns and Opening Range Breakouts" by Toby Crabel is probably the best known of this strategy. This is a fairly simple approach to trading that is popular with both professionals and beginners. During the pre-market opening phase, one or more stop orders are placed in the market. They will then trade on the breakout of the market opening. With the help of the ORB Expert Advisor, we have programmed a fully automatic system for trading CFDs on DAX. This EA uses MetaTrader 4 as its platform. Several videos about this Expert Advisor have already been published on Youtube. Automated trading on the MT5 platform will be available soon. ORB EA features included: • Partial selling possible • Fixed loss limit adjustable • Time range settings • Adjustable maximum range size • Button for quick manual break-even and closing orders • three stop loss options, high-low range/average high-low profit field • three different trailing stops based on set stop loss • Breakeven in pips or partial sell • Activate spread control • Activate range control • Variable profit block with CRV settings • Adjustable buffer on upper and lower range • Two pending orders at high/ range low • Converting a pending order to a MarketOrder • One open pending order deletes another pending order • Activation of two active pending orders • Time limit for active pending orders • Order closing time before the market closes • Works on M1 timeframe. • Email alert • Stats display in EA • Trend settings possible via moving average • Updates included • 3 year license • 1 year email support • Any accounts can be installed • Installation is not tied to an account • Metatrader 5 - MT5 platform • Settings in English