What is The ORB Master MT5?
The ORB Master MT5 is a powerful Expert Advisor (EA) designed to capitalize on the Opening Range Breakout (ORB) principle across four major indices (DAX, US500, US30, NAS100). It features time-optimized entries during high-volatility sessions and integrates advanced news filtering and prop firm-friendly risk controls for robust, automated trading.
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🔧 Core Trading Logic – Settings Breakdown
1. DAX Trading Configuration
- RunDAX:
true→ Enables trading on DAX (DE40). - Trading Time:
09:00to10:30→ Focused on the high-volatility period after the Frankfurt open. - DAX_STRAT1, STRAT2, STRAT3: All enabled (
true) → Multiple strategies running simultaneously. - Max Spread:
0.0→ Tight or no spread tolerance. Broker must offer low spreads for this EA. - Randomization:
0.0→ No entry/exit timing randomness – ideal for prop firm trading.
✅ Conclusion: Tight and disciplined DAX setup for high-precision entries during the key European trading window.
2. Lot Size & Risk Management
- MaxLots:
99.0(high cap) - LotSize Calculation Method: Uses “Max Risk Per Strategy”.
- Max Risk Per Strategy:
5.0→ Risk-heavy setup; consider reducing for conservative accounts. - Manual Lot Size:
0.01→ Used only if fixed lot sizing is activated. - Set Max Daily Drawdown (Prop Firms):
0.0→ Currently inactive; enable if using on challenge accounts. - OnlyUp (Prevents Lot Size Decrease After Loss):
true→ Uses martingale-style progression.
⚠️ Risk Warning: Aggressive risk settings — recommended for experienced traders or demo testing first.
3. Auto GMT Detection
- AutoGMT Live & Backtest:
true→ Automatically syncs time for accurate backtesting & trading. - GMT Offsets: Winter:
2, Summer:3→ Adjusted for EU daylight saving time.
👍 Verdict: Proper GMT handling ensures reliable performance across brokers and sessions.
4. News Filters for Fundamental Risk Management
✅ NFP Filter:
- EnableNFP_Filter:
true - Closes Trades & Pending Orders: Yes, both.
- Minutes Before/After:
50/30
🚫 Interest Rate Filter:
- EnableIR_Filter:
false
🚫 CPI Filter:
- EnableCPI_Filter:
false
💡 Expert Tip: NFP filter is crucial for protecting trades from extreme volatility. Consider enabling CPI and IR filters for added safety.
📈 Additional EA Features
1. Info Panel
- ShowInfoPanel:
true - Adjustable Positioning: Yes, via
Adjustment for Infopanel size
2. Trade Types & Order Behavior
- Enable_BuyTrades / SellTrades: Both enabled
- Use Virtual Expiration:
true→ Hides expiry time from broker, enhancing stealth. - AdjustSL_After_Slippage:
false→ Disables SL adjustment post slippage. - Comment for trades: “The ORB Master”
🕒 Trading Hours Management
- Enable Trading Hours Filter:
true - Delete Pending Orders:
true - Time Source: Optimized (recommended)
🌐 Multi-Symbol Trading Configuration
US500 (S&P 500)
- Symbol:
US500 - Time Window:
15:30 – 17:00 - STRAT1, STRAT2, STRAT3: All enabled
- Max Spread:
0.0
US30 (Dow Jones)
- Symbol:
US30 - Same Time Window & Strategy Configuration as US500
NAS100 (NASDAQ)
- Symbol:
USTEC - Time Window:
15:30 – 17:00 - STRAT1, STRAT2, STRAT3: All enabled
- Max Spread:
0.0
📌 Observation: U.S. indices are configured to trade during the U.S. stock market open – a period of high liquidity and volatility.
📌 Final Thoughts – Is The ORB Master MT5 Worth It?
✅ Pros:
- Designed for prop firm challenges (tight drawdown controls, equity management).
- Multi-index support with time-optimized entries.
- Built-in news filters (NFP, optional CPI & IR).
- Fully automated with detailed control over risk and lot sizing.
⚠️ Cons:
- Aggressive risk settings by default (Max Risk Per Strategy: 5.0%).
- Requires a low-spread ECN broker for best performance.
- News filters for CPI and Interest Rates are disabled — manual review may be needed.
📊 Conclusion: The ORB Master MT5 Review
The ORB Master MT5 is a solid, high-performance EA for traders looking to capitalize on breakout strategies across major indices like DE40, US500, US30, and NAS100. It’s packed with prop firm-friendly features, risk controls, and robust automation. However, users should adjust the risk parameters based on their trading capital and objectives.
🔒 Best For: Experienced traders, Prop Firm Challenge participants, and those who prefer data-driven breakout strategies during high-volume market opens.
