256 lines
11 KiB
Markdown
256 lines
11 KiB
Markdown
# NANDR ORB + Order Block EA
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A MetaTrader 5 Expert Advisor for scalping **XAUUSD (Gold/USD)** on **M15** (also supports M5 and M1), combining two strategies:
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- **Opening Range Breakout (ORB)** — tracks the high/low of the first 15 real minutes of each trading session and trades confirmed breakouts + retests
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- **Order Block Detection** — identifies institutional order blocks using volume pivot analysis (LuxAlgo methodology) and uses them as trade confirmation and SL anchors
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---
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## Strategy Logic
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### Opening Range Breakout
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1. At the start of each enabled session, accumulate the **ORB High** and **ORB Low** over the first 15 real-time minutes
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2. Detect a **confirmed breakout** using a strict N-bar filter (no false breaks)
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3. Wait for price to **retest** the broken ORB level
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4. Enter on the retest
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### Order Block Confirmation
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- A **volume pivot** is identified where the bar at index `[length]` has the highest volume in a symmetric window
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- Market structure determines direction: bullish OB if the pivot was a swing low, bearish OB if a swing high
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- **Bullish OB zone**: `[low, hl2]` of the pivot bar
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- **Bearish OB zone**: `[hl2, high]` of the pivot bar
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- OBs are removed (mitigated) when price penetrates the zone
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Entry is taken when the ORB retest aligns with a nearby Order Block (optional — configurable).
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Active exposure is session-scoped: one open trade is allowed per session, and different sessions may each hold one trade on the same day.
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### Session Level Ladder (New)
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- After a confirmed session breakout direction, the EA can trade between that session's ORB levels:
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- Bullish ladder: `Low -> Mid`, then `Mid -> High`
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- Bearish ladder: `High -> Mid`, then `Mid -> Low`
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- Confirmation for ladder entries uses wick retest plus bar-close context.
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- Priority is ORB retest first, with ladder as fallback.
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- Ladder TP is always the next session level. SL is user-selectable (fixed pips or source-level buffer).
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---
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## Timeframe Scaling
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The ORB window is always **15 real minutes** regardless of chart timeframe:
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| Timeframe | ORB Bars | Breakout Confirm | OB Pivot Length |
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|-----------|----------|-----------------|-----------------|
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| **M15** (default) | 1 | 2 bars | 5 |
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| M5 | 3 | 3 bars | 5 |
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| M1 | 15 | 5 bars | 10 |
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All values auto-configured by timeframe and individually overrideable via inputs.
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---
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## Sessions
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All sessions are **disabled by default** — enable the ones you want to trade:
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| Session | UTC Start | Best for XAUUSD |
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|---------|-----------|-----------------|
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| Daily Open | 22:00 | Asian range setup |
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| Tokyo | 00:00 | Low volume, range-bound |
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| London | 08:00 | High volatility ✓ (8AM GMT) |
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| NY | 12:00 | High volatility ✓ |
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| NY ORB (Stock open) | 13:30 | Strong momentum ✓ (9:30 EDT) |
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All session start times are **UTC-based** and individually configurable via the
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`Inp<Session>Hour` / `Inp<Session>Min` inputs. The EA converts them to broker
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server time internally.
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---
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## Input Parameters
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### Symbol Settings
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| Parameter | Default | Description |
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|-----------|---------|-------------|
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| `InpSymbolName` | `XAUUSD` | Symbol base name — auto-detected from broker (supports XAUUSD, XAUUSD.s, XAUUSD_, etc.) |
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### Timeframe Settings
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| Parameter | Default | Description |
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|-----------|---------|-------------|
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| `InpOrbTimeframe` | `M15` | Chart timeframe for ORB (M1 / M5 / M15) |
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| `InpBreakoutConfBars` | `0` | Breakout confirmation bars — `0` = auto by TF |
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### Session Settings
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| Parameter | Default | Description |
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|-----------|---------|-------------|
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| `InpUseDailyOpen` | `false` | Enable Daily Open session |
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| `InpUseTokyoSession` | `false` | Enable Tokyo session |
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| `InpUseLondonSession` | `false` | Enable London session |
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| `InpUseNYSession` | `false` | Enable NY session |
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| `InpUseNYOrbSession` | `false` | Enable NY ORB session (13:30 UTC) |
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| `InpDailyOpenHour` / `InpDailyOpenMin` | `22` / `0` | Daily Open start (UTC) |
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| `InpTokyoHour` / `InpTokyoMin` | `0` / `0` | Tokyo start (UTC) |
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| `InpLondonHour` / `InpLondonMin` | `8` / `0` | London start (UTC = 8AM GMT) |
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| `InpNYHour` / `InpNYMin` | `12` / `0` | NY start (UTC) |
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| `InpNYOrbHour` / `InpNYOrbMin` | `13` / `30` | NY ORB start (UTC = 9:30 EDT) |
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### Order Block Settings
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| Parameter | Default | Description |
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|-----------|---------|-------------|
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| `InpOBPivotLength` | `0` | Pivot window length — `0` = auto by TF |
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| `InpOBMaxCount` | `5` | Max active OBs stored per direction |
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| `InpOBMitig` | `Wick` | Mitigation method: Wick or Close |
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| `InpOBRequireConf` | `false` | Require OB near entry to take trade |
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| `InpOBProximityPips` | `50` | Distance in pips to consider OB "nearby" |
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### Entry Settings
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| Parameter | Default | Description |
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|-----------|---------|-------------|
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| `InpEntryMode` | `Market` | Market order on retest close, or Limit at ORB level |
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| `InpUseStrictFilter` | `true` | Strict N-bar breakout filter (recommended) |
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| `InpUseBreakoutVolFilter` | `false` | Require a volume spike on the breakout bar (fakeout filter) |
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| `InpBreakoutVolMult` | `1.5` | Breakout bar volume must be ≥ this × average volume |
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| `InpBreakoutVolAvgBars` | `20` | Number of bars used for the volume average |
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### Session Level Ladder Settings
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| Parameter | Default | Description |
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|-----------|---------|-------------|
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| `InpUseSessionLevelLadder` | `true` | Enable level-to-level ladder entries after breakout direction confirmation |
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| `InpLadderOnDailyOpen` | `true` | Enable ladder entries on Daily Open session |
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| `InpLadderOnTokyo` | `true` | Enable ladder entries on Tokyo session |
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| `InpLadderOnLondon` | `true` | Enable ladder entries on London session |
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| `InpLadderOnNY` | `true` | Enable ladder entries on NY session |
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| `InpLadderOnNYORB` | `true` | Enable ladder entries on NY ORB session |
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| `InpUseLadderATRVolCeiling` | `false` | Enable ATR volatility ceiling filter for ladder entries |
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| `InpLadderATRMaxPips` | `200.0` | Skip ladder entries when ATR exceeds this pips threshold |
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| `InpUseLadderSessionCaps` | `false` | Enable per-session ladder trade caps |
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| `InpLadderCapDailyOpen` | `2` | Daily Open ladder cap (`0` = unlimited) |
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| `InpLadderCapTokyo` | `2` | Tokyo ladder cap (`0` = unlimited) |
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| `InpLadderCapLondon` | `2` | London ladder cap (`0` = unlimited) |
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| `InpLadderCapNY` | `2` | NY ladder cap (`0` = unlimited) |
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| `InpLadderCapNYORB` | `2` | NY ORB ladder cap (`0` = unlimited) |
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| `InpLadderSLMode` | `Fixed Pips` | Ladder SL mode: fixed pips or buffer beyond source level |
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| `InpLadderSLBufferPips` | `5.0` | Buffer size when ladder SL mode is level-buffer |
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| `InpLadderMaxTradesPerSession` | `2` | Global ladder cap per session (`0` = unlimited); combined with per-session cap using the stricter limit |
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### Lot Size & Risk
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| Parameter | Default | Description |
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|-----------|---------|-------------|
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| `InpLotMode` | `Risk %` | Fixed lot or auto-calculated from risk % |
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| `InpFixedLotSize` | `0.01` | Fixed lot (used when LotMode = Fixed) |
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| `InpRiskPercent` | `1.0` | % of balance to risk per trade |
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### Stop Loss
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| Parameter | Default | Description |
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|-----------|---------|-------------|
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| `InpSLMode` | `OB Boundary` | SL placement: OB Boundary / Fixed Pips / ATR-based / ORB Opposite Boundary (buy=ORL, sell=ORH) / ORB Range Midpoint |
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| `InpSLPips` | `20.0` | SL in pips (Fixed mode) |
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| `InpATRMultiplier` | `1.5` | ATR multiplier for SL (ATR mode) |
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| `InpATRPeriod` | `14` | ATR period |
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### Take Profit
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| Parameter | Default | Description |
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|-----------|---------|-------------|
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| `InpTPMode` | `RR Ratio` | TP by fixed pips or Risk:Reward ratio |
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| `InpTPPips` | `40.0` | TP in pips (Fixed mode) |
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| `InpRRRatio` | `2.0` | Risk:Reward ratio (RR mode) — 2.0 = 1:2 |
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### Trade Management
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| Parameter | Default | Description |
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|-----------|---------|-------------|
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| `InpBreakevenTrigPips` | `15.0` | Move SL to breakeven when profit reaches this |
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| `InpBreakevenOffPips` | `2.0` | Breakeven SL offset above/below entry |
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| `InpTrailingStopPips` | `0.0` | Trailing stop distance — `0` = disabled |
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| `InpMaxTradesPerDay` | `3` | Max trades opened per calendar day |
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| `InpMaxPosPerSession` | `1` | Max simultaneous positions per session |
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### Risk Management
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| Parameter | Default | Description |
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|-----------|---------|-------------|
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| `InpMaxDailyLossUSD` | `0.0` | Halt trading if daily loss exceeds this USD amount — `0` = off |
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| `InpMaxDailyLossPct` | `0.0` | Halt trading if daily loss exceeds this % of equity — `0` = off |
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### Display Settings
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| Parameter | Default | Description |
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|-----------|---------|-------------|
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| `InpShowDashboard` | `true` | Corner stats panel |
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| `InpShowORBLines` | `true` | ORB High/Low/Mid lines on chart |
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| `InpShowOBZones` | `true` | Order block rectangles on chart |
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| `InpShowTradeLabels` | `true` | Entry arrows and SL/TP lines on chart |
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---
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## Dashboard
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A real-time HUD is drawn in the top-left corner showing:
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```
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▌ NANDR ORB+OB EA
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─────────────────────────
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Symbol : XAUUSD TF: M15
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OrbTF : M15 BarsNeeded: 1
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─────────────────────────
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London H:2685.50 L:2672.30 [BULL↑]
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NY H:2690.10 L:2681.00 [ARMED]
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─────────────────────────
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BullOBs: 2 BearOBs: 1
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─────────────────────────
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Trades : 1 / 3
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W/L : 1 / 0 WR: 100%
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Today PnL: +48.20 USD
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Equity : 10048.20
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```
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---
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## Chart Visuals
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| Object | Color | Description |
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|--------|-------|-------------|
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| ORB High/Low lines | Session color | Solid horizontal lines at ORB levels |
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| ORB Mid line | Session color (dotted) | Midpoint of ORB range |
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| Bullish OB zone | Green rectangle | Active bull order block |
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| Bearish OB zone | Red rectangle | Active bear order block |
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| Entry arrow | Green (buy) / Red (sell) | Trade entry marker |
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| SL line | Red dashed | Stop loss level |
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| TP line | Green dashed | Take profit level |
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Session line colors: **Tokyo** = Blue · **London** = Red · **NY / NY ORB** = Gold · **Daily** = Silver
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---
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## Installation
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1. Copy `NANDR_ORB_OB_EA.mq5` to your MetaTrader 5 `MQL5/Experts/` folder
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2. Open **MetaEditor** (F4 in MT5) and compile the file (F7) — should produce zero errors
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3. In MT5, open a **XAUUSD M15** chart
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4. Drag the EA onto the chart, enable **"Allow Algo Trading"**
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5. In the inputs dialog, enable at least one session (e.g. `InpUseLondonSession = true`)
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6. Click OK — the EA will auto-detect the broker's XAUUSD symbol variant
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---
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## Requirements
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- MetaTrader 5 (build 2755+)
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- XAUUSD (or broker equivalent: XAUUSD.s, XAUUSD_, GOLD, etc.)
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- Recommended chart timeframe: **M15**
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- Account type: any (ECN recommended for tighter spreads on Gold)
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---
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## Files
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| File | Description |
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|------|-------------|
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| `NANDR_ORB_OB_EA.mq5` | Expert Advisor source code |
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| `orb.pine` | Reference Pine Script — ORB indicator (TradingView) |
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| `order_block_detector.pine` | Reference Pine Script — LuxAlgo Order Block Detector |
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---
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## Disclaimer
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This EA is provided for educational purposes. Past performance does not guarantee future results. Always test thoroughly on a **demo account** before using on live funds. Trading Gold (XAUUSD) carries significant risk.
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