MultiORB EA V6.1 MT5

Introduction

MultiORB EA V6.1 for MT5 is an automated trading robot built around the Opening Range Breakout (ORB) 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).

Key Features

• Opening Range Breakout logic (trade the breakout of a defined range window)
• Session/Time filters (trade only London, New York, or custom hours)
• Auto Stop Loss + Take Profit (fixed pips or ATR-based, depending on settings)
• Risk management (fixed lot or % risk per trade)
• One-trade-per-session / per day controls (prevents overtrading)
• Spread & slippage protection (skip trades when conditions are bad)
• Trailing stop / breakeven options (lock profits during strong moves)

Recommended Settings (Safe Starter)

• Platform: MT5
• Pairs: Major pairs (EURUSD, GBPUSD, USDJPY) or XAUUSD only if spreads are stable
• Timeframe: M15 or M30 (ORB usually works cleanly here)
• Session: London or New York (pick ONE session first)
• Risk: 0.5% to 1% per trade (avoid high risk while tuning)
• Max spread filter: Set based on your broker’s normal spreads (important for breakouts)
• SL/TP:

• • SL: Above/Below range or ATR-based

  • TP: 1.2× to 2× SL (start with ~1:1.5)

• VPS: Recommended (breakout entries need fast execution)

Backtest Result

• ORB systems usually show good performance in trending / volatile weeks and weaker results in choppy, range-bound markets.
• Expect win rate to be moderate, with profits coming from bigger winners (risk:reward doing the heavy lifting).
• Best practice: run your own MT5 Strategy Tester using your broker’s symbol + spread + commission to get realistic results.

Advantages

• Can capture high-momentum moves early in a session
• Clear logic: range → breakout → risk controls
• Works well with strict time filters and disciplined trade limits
• Risk can be controlled tightly using range-based SL

Disadvantages

• Breakouts can fake out during low volatility or news spikes
• Sensitive to spread, slippage, and execution quality
• Needs session tuning (range time window matters a lot)
• Not ideal for brokers with high commission/spread on the chosen pair.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

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Disclaimer: 

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.