This MetaTrader 5 expert advisor implements an open range breakout strategy specifically designed for gold trading on the hourly timeframe. It identifies the high and low of the initial trading hour and establishes a definitive range after a user-defined consolidation period. Trades are triggered when price breaks thro
Trading robot · MT5
Opening Reversal MT5
Opening Reversal MT5 is an automated trading system for MetaTrader 5 that executes trades based on price action relative to the previous day's opening level.
GitHub stars7
Forks4
Last update5 years ago19 Dec 2020
LicenceNone stated
Overview
The strategy monitors candle sentiment and triggers orders when the current price breaks through the prior day's opening price in the opposite direction of the preceding candle. It features robust trade management including point-based stop loss and take profit, break-even triggers, and trailing stops. The EA also allows users to define specific intraday trading windows and limits the number of operations per day.
- Daily opening price breakout detection
- Intraday trading time filters
- Break-even and trailing stop management
- Configurable order filling modes
- Daily operation frequency limit
Details
Author
emesonfilho on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Breakout
Markets
Any symbol
Timeframes
M15-H1
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Input parameters
Read from inver_abert.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
s0 | string | — | MONITORAMENTO DO OPERACIONAL |
tipoOrdem | ENUM_ORDER_TYPE_FILLING | ORDER_FILLING_FOK | Tipo de ordem |
lotes | int | 1 | Quantidade de lotes |
ganho | double | 0 | Pontos de gain |
perda | double | 0 | Pontos de loss |
OPERACOES_DIA | int | 1 | Quantidade de operações por dia |
desvioEntrada | ulong | 5 | Desvio máximo nos pontos de entrada |
PONTOS_GATILHOS | float | 100 | |
s1 | string | — | AVANÇOS NA OPERAÇÃO |
gatilhoBE | double | 0 | Gatilho BreakEven (0 = Desativado) |
gatilhoTS | double | 0 | Gatilho TraillingStop (0 = Desativado) |
stepTS | double | 0 | Step TraillingStop |
Show all 20 inputs
| Name | Type | Default | Description |
|---|---|---|---|
s2 | string | — | HORÁRIOS PARA MONITORAMENTO |
horaInicioAbertura | int | 9 | Hora de início das aberturas de posições |
minutoInicioAbertura | int | 10 | Minuto de início das aberturas de posições |
horaFimAbertura | int | 16 | Hora de encerramento das aberturas de posições |
minutoFimAbertura | int | 45 | Minuto de encerramento das aberturas de posições |
horaInicioFechamento | int | 17 | Hora de início do fechamento das posições |
minutoInicioFechamnto | int | 20 | Hora de início do fechamento das posições |
magicNumber | ulong | 202006 | Número mágico do robô |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone emesonfilho/opening-reversal 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, and any .mqh files into the Include folder the code expects.
- 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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