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Type:
Live
Leverage:
100
Deposit:
3465$
Balance:
3424.34$
Profit:
-40.66$
Withdrawal:
0$
User:
Update: 15 Apr 2024
All time Year 6 months 3 months 1 month
Profit:
-40.66$
Traders:
22
(15/7)
Most Profit Trade:
35.64$
Most Loss Trade:
-67.28$
Profit Factor:
0.7
Average Loss:
-32.39$

Overview

Trading software has revolutionized how we approach financial market analysis, and the Opening Range Breakout MT5 (ORB MT5) has emerged as a powerful tool for traders looking to capitalize on daily stock index trends. This expert advisor (EA) software offers a strategic approach to forex trading, allowing users to profit from the early movements of stock indices.

Understanding the Opening Range Breakout Strategy

The core strategy of this software revolves around the opening range breakout, a daily trading strategy that exploits the explosive moves occurring during the opening of stock indices. The ORB MT5 capitalizes on trends that form just after the stock indices open. These include major indices like the DAX, DOW, NASDAQ, and S&P500, which open at the same time every day, making it possible to anticipate when volatility will occur.

The opening range typically refers to the first 5-15 minutes of a stock market open. After the initial orders are placed by large market participants, speculative trading commences, leading to one of two possible scenarios. Either you get a range or rotation day, where the index pushes up, reverses, and then reverses again, resulting in a breakeven or small loss. Alternatively, you get a trend day, where the market pushes in one direction, often for hours. These are the days where the ORB MT5 shines, potentially generating a 3-10% return as it catches the trend.

Customizing Your Trading Experience with the ORB MT5

One of the key features of the ORB MT5 is its flexibility. The EA can be customized to trade on any timeframe, though the M5 is recommended. It can also be set to take trades at any time of the day, making it possible to trade other ranges such as the Asian session in Forex or just before news events, where it can place pending orders at strategic highs and lows before a news breakout happens.

The software automatically trails a stop loss for you behind the breakouts and can move your stops to breakeven fast to protect your capital should a false breakout occur. You can set the amount of risk and many other settings, providing you with full control over your trading strategy.

Prop Firm Accounts and the ORB MT5

For those operating prop firm accounts, the ORB MT5 is an invaluable tool. You can set it to be aggressive when taking prop firm evaluations, allowing it to pass quickly on fast trending days while protecting capital with stops to avoid blowing evaluations when ranging. It can also be set to auto close positions at a set percentage gain on your account to help you avoid overtrading and aim for a daily gain, typically in the region of 1-2% per day.

FAQs

What is the Opening Range Breakout MT5?
The ORB MT5 is an expert advisor (EA) software designed to help traders profit from the early movements of stock indices.

What is the strategy behind the ORB MT5?
The software utilizes the opening range breakout strategy, which capitalizes on trends that form just after the stock indices open each day.

Can the ORB MT5 be customized?
Yes, the software is highly customizable. Users can set the EA to trade on any timeframe and at any time of the day, and adjust settings for risk, stop loss, and more.

For more detailed analysis of the Opening Range Breakout MT5, interested readers can watch independent testing of this product on the forexroboteasy.com website. Subscriptions for updates on the testing results are also available.

If you have experience using the ORB MT5, we invite you to share your insights. Your feedback can provide valuable information for others considering this product. Please note that this article is an independent product review and does not endorse or promote any specific product or service.

EASY Scalperology Bot Major
Update: 15 Apr 2024
Trading Conditions by EASY Scalperology Bot Major
Leverage:
100
Account type:
Live
Profitable by EASY Scalperology Bot Major
Profit:
-1.18%
AVG Daily:
+0$
Deposit:
2200$
WithDrawal:
0$
Current Balance:
2174.07$
Profit:
-25.93$
Opening Range Breakout MT5
Update: 15 Apr 2024
Trading Conditions by Opening Range Breakout MT5
Leverage:
100
Account type:
Live
Profitable by Opening Range Breakout MT5
Profit:
-1.17%
AVG Daily:
+0$
Deposit:
3465$
WithDrawal:
0$
Current Balance:
3424.34$
Profit:
-40.66$
Opening Range Breakout MT5 Review: Harness Daily Stock Index Trends

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Davide Zunino

1 review

4 weeks ago

Unbiased Review: Opening Range Breakout MT5 Forex Tool

The 'Opening Range Breakout MT5' is a particularly impressive piece of software. It is intuitive, user-friendly, and incredibly effective. It has been instrumental in enhancing my trading strategy, making it more efficient and profitable. The software is designed to identify and capitalise on breakout opportunities, a feature that has significantly improved my trading performance. One of the things that sets Lee's EAs apart is their reliability. I have been using his software for a significant period, and they have consistently delivered excellent results. They are robust, well-coded, and rarely encounter glitches or errors. This level of reliability is invaluable in the fast-paced, high-stakes world of forex trading. Furthermore, Lee's customer service is second to none. He is always available to answer queries, troubleshoot issues, and provide guidance on how to optimise the use of his software. His commitment to customer satisfaction is evident in his prompt and helpful responses. In conclusion, I cannot recommend the 'Opening Range Breakout MT5' highly enough. It is a top-notch forex software that has greatly improved my trading experience. Whether you are a seasoned trader or a beginner, this software is a valuable tool that can help you navigate the complex world of forex trading with ease and confidence. Try it for yourself, and you will understand why I can no longer imagine trading without Lee's EAs and indicators."