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Orion EA is an MT4 expert advisor that opens and closes orders from indicator signals and manages losing trades with locking orders and a grid. It includes spread and news filters, a trading time window and optional auto lot sizing.
Get one message the moment it launches, with its price.
Orion EA is a fully automated expert advisor for MetaTrader 4. It reads indicator signals to decide when to open and close orders, and it manages trades that move the wrong way with locking orders, a grid step and an optional overlap routine.
The EA enters the market when its indicator logic gives a signal. When the signal reverses, it checks the open order. If that order is in profit, the EA closes it. If the order is at a loss, the EA opens opposite orders, which the settings call locking orders, instead of closing at once. The number of locking orders is capped by an input.
Once the locking orders are used up, further orders are spaced by the grid step. Second and later orders can use a lot multiplier, so position size can grow as a sequence continues. This raises both the potential recovery and the exposure, so treat those inputs with care.
The overlap option lets the EA use a percentage of the profit from the most recent order to offset losses on earlier ones. You choose the order number at which overlapping begins and the percentage applied.
The description does not name specific symbols or a required timeframe. The EA works with 4-digit and 5-digit quotes. Choose a symbol and timeframe, then test them on a demo account and in the Strategy Tester before using real funds. Spread and execution conditions differ a lot between brokers and instruments.
| Input group | Purpose |
|---|---|
| News pauses | Minutes to stop before and after high and medium impact news |
| Start lots, Lot multiplier, Max lot | Initial volume, growth for later orders and the upper limit |
| Max locked orders, Grid step, Distance | Number of locking orders and spacing between orders |
| Take profit, Stop loss | Targets in points, with the stop measured from the initial order |
| Trail start, Trail distance | Trailing stop activation and distance in points |
| Overlap order, number, percent | Enable overlapping, choose where it starts and how much profit is used |
| Start time, Stop time | Trading hours in broker server time |
| Enable max spread, Max spread | Spread limit for opening and closing positions |
| Autolot, Autolot size | Balance-based lot calculation |
| Magic | Unique number that identifies the EA's orders |
Default values are not listed here, so check the inputs tab after attaching the EA and adjust them to your account size and risk tolerance.
Trading carries risk and past results do not predict future ones. Lot multipliers, locking orders and grids can build large exposure when the market keeps moving one way. Test on a demo account first and only risk money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Signals, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Trade style | Indicator signals with locking orders and grid |
| Quote formats | 4-digit and 5-digit brokers |
| Risk controls | Stop loss, trailing stop, max lot, max spread, time window |
| Lot sizing | Fixed start lot with multiplier, or auto lot by balance |
| News filter | Optional, needs WebRequest permission in MT4 |
| Markets and timeframes | Check the product page and test on your own symbol |
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No. This edition is built for MetaTrader 4 and will not load in MetaTrader 5. If you use MT5, look for an MT5 edition instead of trying to run this one.
In MT4 open Tools, then Options, then the Expert Advisors tab. Tick the option to allow WebRequest for listed URLs and add the news and time server addresses that the EA documentation lists, then press OK and reload the EA on the chart. Without this permission the news filter cannot fetch its data.
The EA handles both 4-digit and 5-digit quotes, so most MT4 brokers are technically compatible. Spreads, execution speed and whether the broker allows opposite and locking positions on the same account all affect behaviour. Check these with your broker and test on a demo account first.
No minimum deposit is given here, so check the settings and test on a demo account. Because the EA can open several orders with a lot multiplier, the margin needed depends on your start lot, multiplier, maximum lot and the number of locking orders you allow.
No. The start and stop times use your broker's server time, which you can see in the Market Watch window. Convert your intended hours to server time before you set them.
Yes. Lot sizes, take profit, stop loss, trailing, grid distance, overlap, spread limit, time window and news pauses are all inputs. Change one group at a time and test each change in the Strategy Tester or on a demo account.
Orion EA
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