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New Rate is an MT5 expert advisor that uses an opening range breakout on gold (XAUUSD) and other liquid symbols. It places pending orders at the range high and low and takes at most one trade per day, each with a stop loss and take profit.
Get one message the moment it launches, with its price.
New Rate is an expert advisor for MetaTrader 5 that trades the opening range breakout. It measures the early range of a chosen session, places pending orders just beyond the high and low, and takes at most one trade per day. It is built mainly for gold (XAUUSD) on short intraday timeframes.
At the start of the session you select, the EA reads the first few candles on the chart timeframe and records the highest high and lowest low. That band is the opening range. It then places a buy stop at the top and a sell stop at the bottom. When price breaks out and one order fills, the other is cancelled, so only one position is open for that day.
Every trade has a stop loss and a take profit attached from the start. The exit levels are part of the strategy, not an optional extra. The logic does not average down, so a losing trade is not followed by larger positions to recover it.
An optional news filter can pause trading around high-impact economic releases. You set how many minutes before and after an event the EA stays idle. Check that the filter works with your broker and terminal setup, as it depends on an external calendar source.
You can switch individual weekdays on or off. This is useful if you want to skip days with thin liquidity or fit around the schedule of an evaluation account.
Server time, session hours and symbol suffixes differ between brokers. Confirm that the session start time in the EA matches your broker's server clock.
Exact input names can differ, so open the inputs tab after loading the EA and review each one. The main groups are:
| Setting group | What it controls |
|---|---|
| Session time | When the opening range begins, in broker server time |
| Range length | How many candles on the chart timeframe define the range |
| Stop loss and take profit | Distance of the exits from the entry |
| Risk or lot size | Position size per trade; many users start at around 1% of balance or less |
| News filter | On or off, and minutes before and after events |
| Trading days | Which weekdays the EA may place orders |
If your download includes preset files, treat them as starting points. Check them against your broker's spreads, contract sizes and any rules set by a prop firm.
A breakout strategy can suffer from false breaks, wide spreads and slippage, especially on gold around the open or during news. A single daily trade limits exposure but does not remove losses. Use a position size that fits your account and any daily loss limit that applies.
Trading carries risk, and past results do not predict future ones. Test on a demo account or with small lots before using real or funded capital.
Keep the terminal running throughout the session you trade, ideally on a VPS.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Grid, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Automated trading, breakout |
| Main market | XAUUSD (gold) |
| Other markets | Forex majors, indices such as US30 and NAS100, other metals, crypto |
| Timeframes | M1 to M15 for intraday range setups |
| Trade style | Opening range breakout, one trade per day |
| Exits | Fixed stop loss and take profit on every trade |
| Requirements | MT5 terminal, algo trading enabled, stable connection or VPS |
No reviews yet. Customers who own New Rate MT5 can review it here.
No. This product is an MT5 expert advisor and will not load in MetaTrader 4. You need an MT5 terminal and an account with a broker that supports MT5.
It is aimed at XAUUSD on intraday charts from M1 to M15. It can also be run on major forex pairs and indices such as US30 and NAS100, but symbol names, spreads and session times differ between brokers, so test each market on a demo account before using it live.
The logic is built around one breakout trade per day. It places pending orders at the top and bottom of the opening range, and once one side triggers the other is cancelled. Each trade carries a stop loss and take profit.
Its fixed stops and single daily trade fit many prop firm rules, but rules differ between firms. Read your firm's conditions on news trading, EAs, lot sizes and daily loss limits before you use any automated tool, and confirm the settings suit them.
Yes. You choose the session, the number of candles that form the range, the stop and take profit distances, the risk per trade and the trading days. Check which preset files, if any, are included with your download and still review every value on a demo account first.
It needs the terminal to stay open and connected during the session you trade, so a VPS is a practical option. A home computer works if it stays on and online for the whole session.
New Rate MT5
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