MT5GBPUSD, EURUSD, USDCAD · M15Updated 21 Oct 2026

OrionMT5 EA (Latest version) - Unlimited

Orion MT5 trades consolidation zones and candle patterns on M15 with a stop loss, take profit, trailing stop and no averaging.

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Trading platform

MetaTrader 5 (MT5)

Time frames

M15

Currency pairs

GBPUSD, EURUSD, USDCAD

Minimum / Recommended deposit

$100+

Minimum / Recommended leverage

Any

Account type

Any

Additional services

Unlock and Decompile

Recommended brokers

Exness Broker, Icmarkets Broker

What you get

In the download

FILEOrionMT5

Optimize Settings

Recommended settings for OrionMT5 EA

🔢 Orion MT5: Complete EA Settings Guide and Configuration Explained

Orion MT5 is an automated trading Expert Advisor with configurable risk management, take-profit and stop-loss levels, Parabolic SAR (SAR) parameters, trailing-stop protection, trading-hour restrictions, and execution filters. Its settings allow traders to adjust risk exposure, define trade exit targets, control trailing-stop behavior, and restrict trading to a specific time window.

The configuration includes a risk parameter, a fallback lot size, SAR-step settings, slippage and spread limits, and a Magic Number for trade identification. This guide explains every visible input and preserves the original parameter names, numerical values, and Boolean settings.

⚙️ Risk Management and Trade Targets

🔹 MaxRisk = 2.0 — Sets the maximum-risk parameter to 2.0. This may represent a risk percentage or another risk-management value, depending on the EA’s internal calculation. Verify whether it means 2% risk per trade, total account risk, or another measure before live trading.

🔹 if MaxRisk = 0, Lot will be = 0.01 — Sets the fallback lot size to 0.01 when MaxRisk is set to 0. Since the current MaxRisk value is 2.0, the fallback condition is not selected according to the input label.

🔹 orion0 = Section heading — Identifies a configuration section for the primary trade targets. No separate value is displayed for this heading.

🔹 Take Profit = 1000 — Sets the take-profit parameter to 1000. This defines the configured profit target or target distance according to the EA’s implementation. The unit is not specified, so confirm whether it represents points, pips, or another measurement.

🔹 Stop Loss = 600 — Sets the stop-loss parameter to 600. This configures the intended loss-protection threshold or stop distance. The actual price distance depends on the unit used by the EA and the broker’s symbol specifications.

⚙️ Parabolic SAR Settings

🔹 orion1 = SAR-settings — Identifies the Parabolic SAR configuration section. It serves as a descriptive heading for the SAR-related parameter below.

🔹 SAR-step = 0.02 — Sets the SAR step to 0.02. In the Parabolic SAR indicator, the step controls how quickly the indicator’s acceleration factor increases as a trend develops. The EA may use this value to calculate SAR levels for signal generation or trade management.

⚙️ Trailing-Stop Settings

🔹 orion2 = Section heading — Identifies the section containing trailing-stop configuration parameters.

🔹 Trailing-stop on/off = true — Enables trailing-stop management. When the relevant activation conditions are met, the EA can adjust stop-loss levels as price moves favorably, potentially helping protect unrealized profits.

🔹 Trailing Start = 100 — Sets the trailing-stop activation threshold to 100 units. Trailing management may begin once the EA’s required profit or price movement reaches this threshold. Confirm the unit and exact activation rule.

🔹 First Trailing Level = 20 — Sets the first trailing level to 20. This may define the initial stop adjustment or the first stage of trailing management after activation. Its precise relationship to Trailing Start depends on the EA’s internal logic.

🔹 Trailing Step = 1 — Sets the trailing adjustment step to 1 unit. Depending on the EA’s implementation, this determines the increment used when updating the trailing stop. Confirm whether the value represents points, pips, or another measurement.

⚙️ Trading Time Settings

🔹 orion3 = Section heading — Identifies the trading-time configuration section.

🔹 Use the adviser's working time? = false — Disables the adviser’s predefined working-time schedule through this option. The manual start and end times below are therefore expected to apply if the EA follows the displayed input logic.

🔹 The hour of commencement of trade = 9 — Sets the trading start hour to 9, corresponding to 09:00 on a 24-hour clock.

🔹 Minute of commencement of trade = 0 — Sets the trading start minute to 0, making the configured start time 09:00.

🔹 Hour of the end of trade = 21 — Sets the trading end hour to 21, corresponding to 21:00 on a 24-hour clock.

🔹 Minute of the end of trade = 0 — Sets the trading end minute to 0, making the configured end time 21:00.

The configured manual trading window is 09:00–21:00, assuming the EA combines the hour and minute inputs and uses the same time reference throughout.

⚙️ Order Identification and Execution Settings

🔹 orion4 = Section heading — Identifies the final configuration section containing the order comment and execution-related parameters.

🔹 Comment to order = OrionMT5 — Sets the order comment to OrionMT5. This text may appear in trade details and history, helping identify positions associated with the EA.

🔹 Slippage = 10 — Sets the slippage parameter to 10. This commonly defines the permitted price deviation during order execution, often in points. The exact unit and behavior depend on the EA and broker’s execution rules.

🔹 Max Spread = 15 — Sets the maximum spread threshold to 15. If the EA uses this parameter as an entry filter, it may block new trades when the current spread exceeds the configured limit. Confirm the unit and how the spread is calculated for the selected instrument.

🔹 Magic Number = 335577 — Assigns the Magic Number 335577 to trades managed by Orion MT5. This identifier helps distinguish the EA’s trades from positions opened by other Expert Advisors or manually, provided the order-management logic uses Magic Numbers consistently.

🔢 Conclusion

The displayed Orion MT5 configuration uses MaxRisk = 2.0, a fallback lot size of 0.01 when the risk parameter is zero, a take-profit value of 1000, and a stop-loss value of 600. The Parabolic SAR step is set to 0.02, and trailing-stop management is enabled with a start threshold of 100, a first trailing level of 20, and a step of 1.

The manual trading schedule is configured from 09:00 to 21:00, while the adviser’s predefined working-time option is disabled. The execution settings include slippage of 10, a maximum spread of 15, order comment OrionMT5, and Magic Number 335577.

Before running Orion MT5 on a live account, confirm the units used for take profit, stop loss, trailing thresholds, slippage, and spread. Verify how MaxRisk = 2.0 translates into actual lot size and monetary exposure. Backtesting and demo trading are recommended to evaluate the EA’s behavior under the intended broker’s conditions.

Full review

Quick Overview

OrionMT5 is a forex robot for the M15 chart that calculates price consolidation zones and the most likely price movements. It reads recent candlestick patterns to adapt quickly to the market. Each position has a stop loss and a take profit, a trailing stop manages open trades and averaging and lot increases are stated to be absent.

Best For:

✅ Forex traders who use the M15 chart.

✅ Users who want a stop loss on every trade.

✅ Traders who avoid averaging methods.

✅ Users who need a trading time window.

✅ Traders who prefer a FIFO compliant EA.

What is OrionMT5?

OrionMT5 is an Expert Advisor (EA) for MetaTrader 5. Its algorithm calculates price consolidation zones and the most likely price movements.

It is said to adapt to changing market conditions with minimal delay and was developed with floating order execution delay and a real spread.

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⭐ You will receive the current version without any limitations (ID+Time).

How Does OrionMT5 Work?

Zone Analysis

The algorithm calculates consolidation zones and the possible price movements around them, using a method that detects candle patterns in the recent past.

Exit Rules

Each position has a stop loss and a take profit, and a built in trailing stop controls each position and can be turned off.

Order Handling

Averaging and lot increasing methods are absent, and that the adviser follows the FIFO rule.

Trading Controls

Risk based lot setting, a working time window, a maximum spread and a slippage limit control how the EA trades.

OrionMT5 Trading Strategy

Calculate Consolidation Zones

The algorithm finds zones where price is consolidating and estimates the most tentative variants of price movement around them.

Read Recent Candle Patterns

A method for determining candlestick patterns in the near past lets the EA adapt to changing conditions with minimal delay, as described.

Use a SAR Step

The settings include a Parabolic SAR indicator step, which suggests that the Parabolic SAR plays a role in the logic of the EA.

Set a Stop Loss and Take Profit

Every position is opened with both levels, and a built in Trailing stop controls each position after it moves into profit.

Avoid Averaging

Methods of Averaging and increasing the lot are absent, so positions are not added to a losing trade.

Historical Trading Results Performance

The Orion MT5 backtest covered 1 trading symbol with 100% history quality. The EA generated a net profit of $46,697.35 from an initial deposit of $10,000, with a profit factor of 1.71.

Parameter	Results
Initial Deposit	$10,000
Total Net Profit	$46,697.35
Profit Factor	1.71
Maximum Equity Drawdown	36.41%
Recovery Factor	5.85
Sharpe Ratio	0.19
History Quality	100%

Key Features of OrionMT5

Consolidation Zone Analysis

The algorithm calculates areas where the price consolidates and the most likely movements around them, which gives the trades a defined price structure.

Candlestick Pattern Method

A method for detecting candle patterns in the recent past lets the EA adapt to market changes with minimal delay, as described.

Stop Loss and Take Profit

Each position carries a stop loss and a take profit, so every trade has a planned exit, and the loss of one order is limited by design.

Built In Trailing Stop

A trailing stop controls each position, and it can be switched on or off, with settings for the start, the first level and the step.

No Averaging

Averaging and lot increasing methods are absent, which keeps the strategy away from grid and martingale style risk.

FIFO Compliance

The adviser follows the FIFO rule, which makes it suitable for brokers and account types that require first in, first out order handling.

Risk Management

No Averaging Claim Is Unverified

Averaging and lot increases are said to be absent, but the number of open orders should be watched in a demo test.

Stop Loss Can Slip

A gap or a wide spread can close a trade beyond its stop-loss, so the real loss can be bigger than planned.

Zones Can Fail

Price can break out of a consolidation zone and keep moving, so several stop losses can hit in a row in a trending market.

Trailing Stop Can Cut Profit

A trailing stop can close a trade early during a normal pullback, before the take-profit is reached.

What Sets It Apart

Zone Based Logic

The EA works from calculated consolidation zones instead of a simple indicator crossing, which gives a different view of the market.

No Averaging by Statement

Averaging and lot increases are absent, which avoids a common source of large losses in other robots.

FIFO Ready

Compliance with the FIFO rule makes the EA usable on accounts and brokers where this order rule is required by the trading conditions.

Real Condition Development

The EA was built with floating execution delay and real spread, which brings the design closer to live trading.

Who Should Use Orion EA MT5?

Forex Swing Scalpers

People who trade the M15 chart on major pairs and like entries that follow consolidation zones and candle patterns.

Risk Aware Traders

Users who want a stop loss on every trade and do not want a system that averages down or raises the lot after a loss.

FIFO Account Users

Traders whose broker requires first in, first out handling and who need an EA that follows this rule.

Not for Traders Who

Want a published track record, need many symbols or expect a guaranteed profit from an automated system.

Product Download Package?

The download package of the product suite includes:

✅ Experts: OrionMT5.ex5

➡️ Reviewed by David Easton

Final Verdict

OrionMT5 is a forex robot for the M15 chart that calculates consolidation zones, reads recent candle patterns and opens trades with a stop loss, a take profit and an optional trailing stop. Averaging and lot increases are stated to be absent. It suits traders who prefer simple risk limited trades on major pairs. Strategy details are limited and no verified results are published, so a careful demo test with a small lot, a watch on spread and a check of the order count should come before any live trading.