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OB Hunter is an MT5 expert advisor that looks for order block zones on the chart and places pending limit orders when price returns to them. It uses an EMA trend filter and closes trades as a basket, and it is tuned mainly for XAUUSD.
Get one message the moment it launches, with its price.
OB Hunter is an expert advisor for MetaTrader 5 that trades around order blocks, the price zones where a strong move began and where buyers or sellers may become active again. It scans past candles for these zones, waits for price to return, and works with pending limit orders instead of chasing the market.
The EA reads historical price data on a timeframe you choose and marks significant supply and demand zones. When price comes back into one of them, it places a pending order near the centre of the zone. If price keeps moving deeper into the same zone, further positions can be added according to a lot progression scheme, with a minimum distance between each position.
Open trades are handled as a basket. The EA tracks their combined profit and, when it reaches the target you set, closes all of them together. An optional stop loss can also be applied. Because several positions can be open in the same direction, you should understand how exposure builds up before using larger lot sizes.
An EMA trend filter compares the market direction with the zone being traded, so the EA avoids taking entries that go against the trend. The period and related options are in the inputs.
An optional protection feature watches the H4 chart for a strong bearish reversal pattern. If it appears, the EA closes existing positions, deletes pending orders and stops opening new trades until conditions are judged safe again.
The EA can be attached to many symbols but is tuned mainly for XAUUSD, and M5 is the usual chart for gold. Gold spreads and execution quality vary between brokers, so a low spread account with stable execution matters. The order block timeframe is a separate input.
The main inputs are listed below. Default values differ by setup, so check them in the settings window rather than assuming figures.
| Input | Purpose |
|---|---|
| Fixed lot size | Base volume for each position |
| Basket profit target | Combined profit, in account currency, at which all trades close |
| Stop loss | Optional protective stop |
| Trading direction | Buy, Sell or Both |
| Minimum distance between positions | Spacing for additional entries |
| EMA trend filter | Trend filter parameters |
| Risk protection filter | Turns the H4 protection on or off |
| Order block timeframe | Chart period used for zone detection |
| Magic number | Identifies the EA's own orders |
An information panel on the chart shows account status and the current basket profit, which is useful when you monitor it manually.
Trading carries risk and past results do not predict future ones. Strategies that add positions and exit as a basket can accumulate large floating losses if the market keeps moving against them. Test on a demo account first and size positions to an amount you can afford to lose.
Before going live, run the Strategy Tester with realistic spreads, then forward test on a demo account with the broker you plan to use.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Signals, Trend, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Automated trading, order block strategy |
| Main market | XAUUSD (gold); other symbols possible |
| Suggested timeframe | M5 for gold; order block timeframe is adjustable |
| Trade style | Pending limit orders, trend filter, basket exit |
| Direction | Buy, Sell or Both |
| Requirements | Low spread broker, stable execution, VPS advised |
| Account type | Check your broker's hedging or netting rules |
No reviews yet. Customers who own OB Hunter can review it here.
It is an expert advisor for MetaTrader 5 only. It will not load in MetaTrader 4, so make sure your broker offers an MT5 account before buying.
The EA is built to work on several symbols but is tuned mainly for XAUUSD, and M5 is the commonly suggested chart for gold. Because results depend on the broker and market conditions, test your own symbol and settings in the Strategy Tester and on a demo account first.
The EA adds up the floating profit of all its open positions. When the total reaches the target you set in account currency, it closes every position at once. Check the input name and unit in the settings window before you start.
It is an optional filter. When it sees a strong bearish reversal pattern on the H4 chart, the EA closes its positions, removes pending orders and stops opening trades until conditions are judged acceptable again. It reduces some exposure but cannot remove risk.
It is not required, but the EA needs the terminal to stay open and connected to manage pending orders and the basket. A VPS is a practical way to keep it running continuously.
That is not advisable. Backtest it, then forward test on a demo account with your broker's conditions, and only then consider a small live allocation that you can afford to risk.
OB Hunter
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