Ultra Hera EA V1.1 MT5

Introduction

Ultra Hera EA V1.1 MT5 is an automated Gold trading Expert Advisor designed for MetaTrader 5. It uses an Opening Range Breakout (ORB) strategy to identify potential trading opportunities based on session price movements. The EA combines candle-close confirmation, ATR-based Stop Loss and configurable risk management to support systematic intraday trading. With a selective trading approach and a maximum of one trade per day, it is designed for traders who prefer structured XAUUSD trading rather than frequent market entries.

Key Features

• Opening Range Breakout (ORB) trading strategy.
• Automated XAUUSD trade execution.
• Configurable candle-close breakout confirmation.
• ATR-based Stop Loss calculation.
• Adjustable Risk-to-Reward settings.
• Fixed lot, fixed monetary risk and percentage-based position sizing.
• Optional break-even and partial profit management.
• Optional economic news filter for major events.
• Spread and slippage protection settings.
• Maximum one trading setup per day.
• Configurable trading sessions and daily cut-off.
• On-chart information panel for monitoring trades and signals.

Recommended Settings

• Platform: MetaTrader 5 (MT5)
• Trading Pair: XAUUSD (Gold)
• Recommended Timeframe: M5 (5 Minutes)
• Trading Strategy: Opening Range Breakout
• Trading Style: Automated Intraday Trading
• Stop Loss: ATR-Based
• Risk Management: Percentage-Based or Fixed Lot
• Execution: Automated
• VPS: Recommended for continuous operation

Start with conservative risk settings and test the EA on a demo account under your broker's trading conditions before considering live trading.

Advantages

• Automates session-based Gold breakout trading.
• Uses candle confirmation to filter potential breakout entries.
• Provides flexible position sizing and risk controls.
• Supports optional break-even and partial profit-taking.
• Limits trading activity to one setup per day.
• Reduces the need for continuous manual chart monitoring.

Disadvantages

• Designed primarily for XAUUSD trading.
• Requires MetaTrader 5 and does not have confirmed MT4 compatibility.
• False breakouts can result in losing trades.
• Gold volatility, spreads and slippage can affect execution.
• May not generate a trade every day.
• Requires proper configuration, testing and monitoring.