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The ORB Master is an MT5 expert advisor that trades opening range breakouts on four stock indices: SP500, US30, NASDAQ and DAX. It runs three strategy variations per index from a single EURUSD M15 chart.
Get one message the moment it launches, with its price.
The ORB Master is an expert advisor for MetaTrader 5 that trades the opening range breakout idea on four stock indices: SP500, US30 (Dow Jones), NASDAQ and DAX. It is attached to a single chart and manages all of its markets from there.
An opening range is the high and low formed in the first part of a trading session. The EA waits for the US and European cash markets to open, marks that range for each index and looks for price to break out of it. The idea is that an early break can show which way momentum is leaning for the rest of the session, although this is never certain.
For every index the EA offers three strategy variations, so up to twelve separate approaches can run side by side. You can switch each one on or off in the inputs. Open positions are handled with a trailing stop loss and a trailing take profit.
An optional randomisation setting shifts entries, exits and trailing values slightly. This makes trades differ a little between users on the same broker, which some traders use on funded or prop accounts. Check your own account rules before relying on it.
A broker with low spreads on indices is preferable, and the EA has a maximum spread input for each index.
The inputs are grouped per index. The exact defaults depend on the preset you load, so read the values in the Inputs window before running live.
| Input | Purpose |
|---|---|
| Symbol name for each index | Must match your broker's symbol exactly |
| Start and stop time | Time filter for each symbol |
| Strategy 1, 2 and 3 switches | Enable or disable each variation per index |
| Maximum spread | Blocks entries when the spread is too wide |
| Randomisation | Slightly varies entries, exits and trailing values |
| Base magic number and trade comment | Identify the EA's trades |
| Info panel options | Show the on-chart panel, scale it for high-resolution screens |
| Stop loss and take profit after entry, virtual expiration | Only for brokers that do not accept pending orders with these fields |
There is also a GMT offset setting. Adjust it if your broker's server time does not match the time the EA expects, otherwise the opening ranges may be measured at the wrong hour.
Trading carries risk, and you can lose some or all of your capital. Past results, including backtests and published statistics, do not predict future ones. Test on a demo account first and size positions to a loss you can accept.
Index CFDs can gap and widen spreads around the open, so real fills may differ from tests.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Signals, Trend, Momentum, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, automated trading |
| Strategy type | Opening range breakout, trend and momentum |
| Markets | SP500 (US500), US30, NASDAQ (NAS100 or USTECH), DAX |
| Chart and timeframe | Attach to EURUSD M15 |
| Strategies | Three variations per index, twelve in total |
| Trade management | Trailing stop loss and trailing take profit |
| Requirements | Index symbols at your broker, AutoTrading on, time server URL allowed |
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The developer's setup uses an EURUSD M15 chart. The EA reads the index symbol names you type into its inputs and trades them from that one chart, so you do not need to open a separate chart for each index.
Yes, in most cases. Brokers name indices differently, for example US500, SPX500 or US500.cash. Enter the exact names from your broker's Market Watch for SP500, US30, NASDAQ and DAX. A wrong name means that index will not trade.
It uses an online time source to work out session times. In MT5, open Tools, Options, Expert Advisors, tick the option to allow WebRequest for listed URLs and add the address given in the setup instructions. Without it the time logic may not work.
No. This is an MT5 expert advisor and will not run on MetaTrader 4. Check that your broker offers MT5 and the four index symbols before buying.
The developer suggests a small minimum balance, but the real figure depends on your broker's minimum lot size and contract specification for each index. Test on a demo account first and check the lot sizes the EA opens.
Yes, in the MT5 Strategy Tester. Use EURUSD M15, load a preset, set your broker's symbol names and correct the GMT offset settings if your broker's server time differs from the one the EA expects. Use a test period of at least two to three years.
The ORB Master
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