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The Chart Mechanics Opening Range Indicator (MT4) — review, price and free alternatives
MT4 indicator$340 on MQL5by Daniel Reynolds
The Chart Mechanics Opening Range Indicator is a MetaTrader 4 indicator by Daniel Reynolds, sold on the MQL5 Market for $340. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
The Chart Mechanics Opening Range Indicator — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Indicator
- Developer
- Daniel Reynolds
- Price
- $340
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded The Chart Mechanics Opening Range Indicator on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
TCM ORB Indicator for MetaTrader 4 draws the opening range of the Asia, London and New York sessions and marks breakouts from each range on closed candles.
Before you buy The Chart Mechanics Opening Range Indicator
What to check first
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT4 indicator in the Strategy Tester before you buy.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on The Chart Mechanics Opening Range Indicator
Compiled from its public MQL5 listing. FxRobotEasy has not traded The Chart Mechanics Opening Range Indicator; what these notes say about how it works comes from that listing.
Overview
This comprehensive 2026 The Chart Mechanics Opening Range Indicator review examines real performance and trading analysis to help you make informed decisions. The Chart Mechanics Opening Range Indicator by Daniel Reynolds represents a comprehensive automated trading solution for MT4 traders. What sets The Chart Mechanics Opening Range Indicator apart is its balanced approach to trade execution and capital preservation.
Risk notes
The Chart Mechanics Opening Range Indicator implements a moderate risk profile with configurable parameters for different trading styles. The system uses stop losses on all positions and employs dynamic position sizing based on account equity. Recommended minimum account size ensures proper risk distribution.
Listed strengths
- MT4 platform compatibility
- Developed by experienced Daniel Reynolds
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing The Chart Mechanics Opening Range Indicator on MT4 requires copying the EA file to your platform's Experts directory. After restart, attach to appropriate charts and configure risk parameters. Always backtest with historical data before live deployment.
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The Chart Mechanics Opening Range Indicator or Trendopedia AI?
| The Chart Mechanics Opening Range Indicator | Trendopedia AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($340) | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Daniel Reynolds | FxRobotEasy |
The Chart Mechanics Opening Range Indicator — questions
What is The Chart Mechanics Opening Range Indicator?
The Chart Mechanics Opening Range Indicator is a MetaTrader 4 indicator published on the MQL5 Market by Daniel Reynolds, priced at $340 USD. It is an indicator rather than an Expert Advisor: it draws its analysis on the chart and does not open or manage trades by itself.
Does The Chart Mechanics Opening Range Indicator work on MT4 or MT5?
The Chart Mechanics Opening Range Indicator runs on MetaTrader 4, not MetaTrader 5. The listing reviewed on this page is the MT4 build; if its developer also publishes a MetaTrader 5 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does The Chart Mechanics Opening Range Indicator cost?
The Chart Mechanics Opening Range Indicator is a paid product listed at $340 USD on the MQL5 Market, the price recorded when its listing was last checked on 2026-10-18. It is sold and downloaded through the developer's (Daniel Reynolds) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for The Chart Mechanics Opening Range Indicator?
FxRobotEasy has not traded The Chart Mechanics Opening Range Indicator on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for The Chart Mechanics Opening Range Indicator elsewhere comes from its developer or from a third party.
Similar expert advisors
Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.