The primary breakout tool defines trading zones based on specific time intervals and executes trades using price bias or candle closes. It incorporates robust risk management features like ATR-based stop losses, trailing stops, and automated lot sizing based on account equity. Additionally, it includes specific modules for prop firm traders, such as daily drawdown limits and profit target tracking. Other included strategies utilize moving averages and RSI to identify mean reversion opportunities.
Opening range breakout logic with configurable time windows
Prop firm protection with daily and maximum loss limits
Automated position sizing based on USD risk or account percentage
Mean reversion module with RSI and moving average filters
Automated end-of-day position closure and trailing stops
Read from Opening_Range_Strategy.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
OR_StartHour
int
16
Opening Range Start Hour (Broker Time)
OR_StartMinute
int
30
Opening Range Start Minute
OR_EndHour
int
16
Opening Range End Hour (Broker Time)
OR_EndMinute
int
35
Opening Range End Minute
BiasMode
ENUM_BIAS_MODE
BIAS_OR_DIRECTION
Bias Determination Method
MagicNumber
int
123456
Magic Number (filter own positions/orders)
StopTradingHour
int
22
Stop Trading Hour (Broker Time)
StopTradingMinute
int
0
Stop Trading Minute
ConsecutiveCandles
int
1
Consecutive Candles Required for Entry (min 1)
HighLineColor
color
clrRed
High Line Color
LowLineColor
color
clrGreen
Low Line Color
LineWidth
int
2
Line Width
Show all 40 inputs
Name
Type
Default
Description
ShowFormationPoints
bool
true
Show High/Low Formation Points
SignalHighColor
color
clrOrange
Signal High Line Color
SignalLowColor
color
clrBlue
Signal Low Line Color
SignalLineWidth
int
2
Signal Line Width
PositionSizingMode
ENUM_POSITION_SIZING
FIXED_RISK_USD
Position Sizing Mode
PositionSize
int
1
Position Size (Contracts)
RiskAmountUSD
double
1000.0
Risk Amount (USD)
RiskPercentAccount
double
2.0
Risk % of Account Balance
ATRLength
int
14
ATR Length
ATRMultiplier
double
3.0
ATR Multiplier for SL
TPMultiplier
double
3.0
TP Multiplier (SL Size * X)
ClosePositionsAtEOD
bool
true
Auto Close Positions at End of Day
EODCloseHour
int
15
EOD Close Hour (e.g. 15 = 3 PM)
EODCloseMinute
int
55
EOD Close Minute (e.g. 55 = 3:55 PM)
ShowLongShortTool
bool
true
Show Long Short Tool
RiskColor
color
C'255,0,0,70'
Risk Area Color
RewardColor
color
C'0,255,0,70'
Reward Area Color
EntryLineColor
color
clrWhite
Entry Line Color
SessionBgColor
color
C'0,0,255,240'
Session Background Color
EnableChallengeRules
bool
false
Enable prop firm rules
ChallengeAccountSize
double
25000.0
Challenge account size ($)
Phase1ProfitTarget
double
8.0
Phase 1 profit target (%)
Phase2ProfitTarget
double
5.0
Phase 2 profit target (%)
DailyLossLimit
double
5.0
Daily loss limit (%)
MaxLossLimit
double
10.0
Max drawdown / loss limit (%)
MinTradingDays
int
5
Min trading days (info)
Phase1Complete
bool
false
Phase 1 done (manual toggle)
UseTrailingStop
bool
true
Use trailing stop
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone atanasvasilevjourney/FINS-QQQ_development from GitHub, and unzip it.
2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
3Copy the filesCopy the .mq5 file into Experts.
4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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