Edgeweasel ORB
- Experts
- Edgellence
- Version: 1.16
- Updated: 26 March 2024
Edgeweasel ORB: The EA that goes beyond the typical Opening Range Breakout (ORB) Expert Advisor. This versatile multi-asset tool excels in scanning multiple instruments simultaneously for trading opportunities immediately after the market opens. With its configurable RSI filter, it precisely targets overbought and oversold market conditions, significantly enhancing overall performance and success rates.
To serve our diverse global user base, the advisor offers multilingual support, encompassing English, Russian, Chinese, Spanish, Portuguese (Brazil) and German*. Its strategy is both proven and robust, avoiding reliance on grid or Martingale tactics. In line with the strategy's design, all positions and open orders are systematically closed at the end of each trading day. Additionally, a distinctive feature is the inclusion of a random hour setting, which allows users to compare backtested results against outcomes generated under random conditions. This feature highlights the critical importance of accurate Expert Advisor (EA) settings.
Support and Assistance: Our dedicated team is committed to providing outstanding support, ready to address any questions or challenges promptly. Our aim is to ensure a smooth and supportive experience, offering dependable assistance as needed.
Communication: Feel free to contact us via email or DM and or check the Edgeweasel channel https://www.mql5.com/en/channels/edgeweasel to keep up you updated!
Test period | 2019/01/01 - 2023/12/31 Hourly timeframe | Scenario 1 | Scenario 2 |
---|---|---|---|
Description | Parameter | Value | Value |
Alias | Alias | Scenario 1 | Scenario 2 |
Configuration | Configuration | My test | My test |
Auto lot | RiskAdjustedPositionSize | true | true |
Lot size | LotSize | 0.2 | 0.2 |
Risk percentage | RiskPercentage | 0.5 | 0.4 |
Risk return ratio (1:N / 0) | RiskReturnRatio | 0 | 0 |
Instruments (,) | Instruments | USDJPY,EURJPY | USDJPY,GBPUSD,EURUSD |
Start trading | StopOrderOpenHour | 4 | 12 |
End trading | PositionCloseHour | 20 | 16 |
Box size in hours | BoxSizeInHours | 1 | 4 |
RSI adjustment (0-100) | RSIAdjustment | 30 | 60 |
Cumulative RSI | CumulativeRSI | true | true |
Random start trading | RandomHour | false | false |
Override file | OverrideFile | scenario1-override.ini | scenario2-override.ini |
Forecast file | ForecastFile | forecast.ini | forecast.ini |
* Other language packages are available upon request.
** If you're unable to directly access the file system of your VPS, our VPSToolkit is available free of charge to move the files to the appropriate location for you.
*** If you're looking to adjust default settings via an external file, note that MQL5 Market products can't automatically apply these to the Strategy Tester. Our team is here to help you find a secure, effective solution.