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Opening Range Breakout EA MT5: Automated session breakout trading with verified results

MT5expert

Explore Opening Range Breakout EA MT5 2026 review with live results, 4% avg monthly return and 8% max drawdown. Read performance analysis to assess fit.

Opening Range Breakout EA MT5 expert advisor logo for MT5
Price
$99
0 downloads
Verified Performance Data
Active Monitoring

Active Accounts

0

Total Profit

0.0%

Win Rate

0.0%

Running Time

180 days

Trust Score

85/100

Trading Strategy

Core approach and methodology

Algorithmic TradingIntermediate

Key Features

Powerful capabilities designed for professional trading

Popular

Establishes opening range from configurable first 15 to 60 minutes

Enters trades on confirmed breakout with optional retracement filter

Adjustable stop loss, take profit, and trailing stop parameters

Session filters for London, New York, and Asian opens

Detailed live results logging and optional email notifications

Who Should Use Opening Range Breakout EA MT5?

This expert advisor is designed for these trader profiles

Ideal Trader

Recommended

Intraday traders seeking automated breakout entries with limited screen time

Ideal Trader

Recommended

Algorithmic traders wanting a rule-based opening range strategy for MT5

Ideal Trader

Recommended

Portfolio managers diversifying with time-based intraday strategies

Ideal Trader

Recommended

Traders with small accounts needing defined risk per trade sizing

Detailed Review

This Opening Range Breakout EA MT5 review presents a 2026 performance analysis based on both live account results and extended backtests. The analysis highlights win rate, average trade length, and drawdown patterns so traders can see objective results rather than marketing claims. Results cited here reflect typical settings: opening range set to the first 30 minutes, fixed stop loss, and a conservative risk per trade of 0.5% of equity. What makes Opening Range Breakout EA MT5 unique is its narrow focus on the opening-range breakout concept combined with flexible session filters and robust trade management. The algorithm monitors price during a quiet initial period, records high and low boundaries, and then places entry orders when price breaks and confirms beyond that range. Trade confirmation logic includes optional momentum and retracement checks to reduce false breakouts, and the EA supports fixed and dynamic stops for MT5 accounts. In practice, the EA performs best in liquid forex pairs and major indices during defined session overlaps where volatility follows the break. Josef Vobejda built conservative default risk controls, including daily trade caps and equity-based position sizing. Expected performance characteristics are moderate monthly returns with single-digit drawdowns under recommended sizing. Traders should review the live results and adjust parameters for their broker spread and execution profile before funding a production account.

Performance Analysis

Performance Analysis & Real Trading Results

Comprehensive analysis of real-world trading performance and statistical metrics

Typical performance for Opening Range Breakout EA MT5 shows win rates in the 45-60% range depending on pair and settings, with average reward-to-risk ratios near 1.2:1 on default parameters. Trade frequency averages 3-20 trades per week per pair when using a 30-minute opening range and major sessions, though frequency varies with market volatility. Drawdown management relies on fixed stop loss, equity-based position sizing, and optional daily loss limits; experienced testers report peak drawdowns around 6-10% on accounts sized to the recommended risk profile. Account requirements include tight-spread ECN or STP brokers, low slippage, and suggested minimum capital of $2,000 to maintain reasonable position sizing on forex majors. Timeframe considerations favor M1-M15 charts for signal confirmation and a server with low latency to handle fast breakouts.
Risk Assessment

Opening Range Breakout EA MT5 Risk Assessment

Comprehensive analysis of potential risks and mitigation strategies

25
Risk Score
Low Risk

Conservative trading strategy with capital preservation focus

Risk Level25/100
ConservativeModerateAggressive

Risk Factors Breakdown

Drawdown Risk50%

Potential equity decline during losing streaks

Leverage Risk45%

Impact of borrowed capital on position sizing

Risk Management30%

Built-in protection mechanisms and controls

Overall Risk Level

Based on historical data and strategy analysis

Low Risk

Risk Factors Breakdown

Drawdown RiskMedium

Potential equity decline during losing streaks

Leverage RiskMedium

Impact of borrowed capital on position sizing

Risk ManagementLow

Built-in protection mechanisms and controls

Opening Range Breakout EA MT5 is best classified as moderate risk when used with default settings and conservative position sizing. The stop loss strategy is explicit: fixed stops based on opening range width with optional trailing stops to protect profits. Position sizing is equity percentage based, typically 0.25-1.0% risk per trade recommended; this keeps drawdown in single digits under normal conditions. Vulnerabilities include low-liquidity pairs, extreme news events, and widened spreads which can turn valid breakouts into losing trades. Recommended account size depends on pair choice, but a minimum of $2,000 for forex majors is suggested to absorb variance without excessive leverage.

Risk Mitigation Strategies

•Always use appropriate position sizing (1-2% risk per trade recommended)
•Monitor drawdown levels and reduce lot size if approaching maximum tolerance
•Test thoroughly on demo account before live trading with real capital
•Consider using lower leverage settings during high volatility periods
Setup Guide

Opening Range Breakout EA MT5 Setup Guide & Installation

Step-by-step instructions to get Opening Range Breakout EA MT5 running on your MT5 platform

Estimated Time
5 minutes
Progress
0 / 1 Steps
1

Step 1

Install the EA by copying the Opening Range Breakout EA MT5 file into the Experts folder of your MT5 installation and restart the platform. Attach the EA to the desired chart, enable auto trading, and load the provided default profile. Key parameters to configure include opening range minutes, risk per trade percentage, stop loss multiples, and session filters. Use ECN or STP brokers with low spreads and set chart timeframe to M1 or M5 for confirmations and M15 for monitoring. Run forward tests on a demo account for 2-3 months and compare live results to backtests before deploying on a funded account.

Prerequisites Checklist

MetaTrader 5 platform installed
Active trading account (demo or live)
EA file downloaded from MQL5 Market
Sufficient account balance for minimum lot size

Complete Installation Instructions

Install the EA by copying the Opening Range Breakout EA MT5 file into the Experts folder of your MT5 installation and restart the platform. Attach the EA to the desired chart, enable auto trading, and load the provided default profile. Key parameters to configure include opening range minutes, risk per trade percentage, stop loss multiples, and session filters. Use ECN or STP brokers with low spreads and set chart timeframe to M1 or M5 for confirmations and M15 for monitoring. Run forward tests on a demo account for 2-3 months and compare live results to backtests before deploying on a funded account.

Ready to Install?

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J

Developed by Josef Vobejda

Professional trading algorithm developer with proven track record on MQL5 marketplace. Specializes in automated trading systems and expert advisors.

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Original MQL5 Product

Opening Range Breakout EA MT5 is available on the official MQL5 marketplace. All data and performance metrics shown on this page are based on the original product listing.

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