Description
<h3>Introduction</h3>
<p>MultiORB EA V6.1 for MT5 is an automated trading robot built around the <strong>Opening Range Breakout (ORB)</strong> concept. It aims to catch early-session momentum by placing trades when price breaks above/below a defined opening range, while using risk controls like SL/TP, session filters, and news/time filters (depending on the build).</p>
<h3>Key Features</h3>
<ul>
<li><strong>Opening Range Breakout logic</strong> (trade the breakout of a defined range window)</li>
<li><strong>Session/Time filters</strong> (trade only London, New York, or custom hours)</li>
<li><strong>Auto Stop Loss + Take Profit</strong> (fixed pips or ATR-based, depending on settings)</li>
<li><strong>Risk management</strong> (fixed lot or % risk per trade)</li>
<li><strong>One-trade-per-session / per day controls</strong> (prevents overtrading)</li>
<li><strong>Spread & slippage protection</strong> (skip trades when conditions are bad)</li>
<li><strong>Trailing stop / breakeven options</strong> (lock profits during strong moves)</li>
</ul>
<h3>Recommended Settings (Safe Starter)</h3>
<ul>
<li><strong>Platform:</strong> MT5</li>
<li><strong>Pairs:</strong> Major pairs (EURUSD, GBPUSD, USDJPY) or <strong>XAUUSD</strong> only if spreads are stable</li>
<li><strong>Timeframe:</strong> M15 or M30 (ORB usually works cleanly here)</li>
<li><strong>Session:</strong> London or New York (pick ONE session first)</li>
<li><strong>Risk:</strong> 0.5% to 1% per trade (avoid high risk while tuning)</li>
<li><strong>Max spread filter:</strong> Set based on your broker’s normal spreads (important for breakouts)</li>
<li><strong>SL/TP:</strong></li>
<li>
<ul>
<li>
<p>SL: Above/Below range or ATR-based</p>
</li>
<li>
<p>TP: 1.2× to 2× SL (start with ~1:1.5)</p>
</li>
</ul>
</li>
<li>
<p><strong>VPS:</strong> Recommended (breakout entries need fast execution)</p>
</li>
</ul>
<h3>Backtest Result</h3>
<ul>
<li>ORB systems usually show <strong>good performance in trending / volatile weeks</strong> and weaker results in <strong>choppy, range-bound markets</strong>.</li>
<li>Expect <strong>win rate</strong> to be moderate, with profits coming from <strong>bigger winners</strong> (risk:reward doing the heavy lifting).</li>
<li>Best practice: run your own MT5 Strategy Tester using <strong>your broker’s symbol + spread + commission</strong> to get realistic results.</li>
</ul>
<h3>Advantages</h3>
<ul>
<li>Can capture <strong>high-momentum moves</strong> early in a session</li>
<li>Clear logic: range → breakout → risk controls</li>
<li>Works well with <strong>strict time filters</strong> and disciplined trade limits</li>
<li>Risk can be controlled tightly using <strong>range-based SL</strong></li>
</ul>
<h3>Disadvantages</h3>
<ul>
<li>Breakouts can <strong>fake out</strong> during low volatility or news spikes</li>
<li>Sensitive to <strong>spread, slippage, and execution quality</strong></li>
<li>Needs <strong>session tuning</strong> (range time window matters a lot)</li>
<li>Not ideal for brokers with <strong>high commission/spread</strong> on the chosen pair.</li>
</ul>
<h3><strong>Support & Disclaimer</strong></h3>
<h4><strong>Support</strong></h4>
<p>If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:</p>
<p><strong>WhatsApp: </strong><a href="https://wa.me/+443300272265" target="_new"><strong>Click here</strong></a><strong></strong></p>
<p><strong>Telegram Group: </strong><a href="https://t.me/yoforexrobot" target="_new"><strong>Join our community</strong></a><strong></strong></p>
<h4><strong>Disclaimer: </strong></h4>
<p>Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.</p>
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