Naji El ChemalyNANDR ORB + Order Block EA
A MetaTrader 5 Expert Advisor for scalping XAUUSD (Gold/USD) on M15 (also supports M5 and M1), combining two strategies:
- Opening Range Breakout (ORB) — tracks the high/low of the first 15 real minutes of each trading session and trades confirmed breakouts + retests
- Order Block Detection — identifies institutional order blocks using volume pivot analysis (LuxAlgo methodology) and uses them as trade confirmation and SL anchors
Strategy Logic
Opening Range Breakout
- At the start of each enabled session, accumulate the ORB High and ORB Low over the first 15 real-time minutes
- Detect a confirmed breakout using a strict N-bar filter (no false breaks)
- Wait for price to retest the broken ORB level
- Enter on the retest
Order Block Confirmation
- A volume pivot is identified where the bar at index
[length]has the highest volume in a symmetric window - Market structure determines direction: bullish OB if the pivot was a swing low, bearish OB if a swing high
- Bullish OB zone:
[low, hl2]of the pivot bar - Bearish OB zone:
[hl2, high]of the pivot bar - OBs are removed (mitigated) when price penetrates the zone
Entry is taken when the ORB retest aligns with a nearby Order Block (optional — configurable).
Timeframe Scaling
The ORB window is always 15 real minutes regardless of chart timeframe:
| Timeframe | ORB Bars | Breakout Confirm | OB Pivot Length |
|---|---|---|---|
| M15 (default) | 1 | 2 bars | 5 |
| M5 | 3 | 3 bars | 5 |
| M1 | 15 | 5 bars | 10 |
All values auto-configured by timeframe and individually overrideable via inputs.
Sessions
All sessions are disabled by default — enable the ones you want to trade:
| Session | UTC Start | Best for XAUUSD |
|---|---|---|
| Daily Open | 00:00 | Asian range setup |
| Tokyo | 00:00 | Low volume, range-bound |
| London | 07:00 | High volatility ✓ |
| NY | 12:00 | High volatility ✓ |
| NY ORB (Stock open) | 13:30 | Strong momentum ✓ |
Input Parameters
Symbol Settings
| Parameter | Default | Description |
|---|---|---|
InpSymbolName |
XAUUSD |
Symbol base name — auto-detected from broker (supports XAUUSD, XAUUSD.s, XAUUSD_, etc.) |
Timeframe Settings
| Parameter | Default | Description |
|---|---|---|
InpOrbTimeframe |
M15 |
Chart timeframe for ORB (M1 / M5 / M15) |
InpBreakoutConfBars |
0 |
Breakout confirmation bars — 0 = auto by TF |
Session Settings
| Parameter | Default | Description |
|---|---|---|
InpUseDailyOpen |
false |
Enable Daily Open session |
InpUseTokyoSession |
false |
Enable Tokyo session |
InpUseLondonSession |
false |
Enable London session |
InpUseNYSession |
false |
Enable NY session |
InpUseNYOrbSession |
false |
Enable NY ORB session (13:30 UTC) |
Order Block Settings
| Parameter | Default | Description |
|---|---|---|
InpOBPivotLength |
0 |
Pivot window length — 0 = auto by TF |
InpOBMaxCount |
5 |
Max active OBs stored per direction |
InpOBMitig |
Wick |
Mitigation method: Wick or Close |
InpOBRequireConf |
false |
Require OB near entry to take trade |
InpOBProximityPips |
50 |
Distance in pips to consider OB "nearby" |
Entry Settings
| Parameter | Default | Description |
|---|---|---|
InpEntryMode |
Market |
Market order on retest close, or Limit at ORB level |
InpUseStrictFilter |
true |
Strict N-bar breakout filter (recommended) |
Lot Size & Risk
| Parameter | Default | Description |
|---|---|---|
InpLotMode |
Risk % |
Fixed lot or auto-calculated from risk % |
InpFixedLotSize |
0.01 |
Fixed lot (used when LotMode = Fixed) |
InpRiskPercent |
1.0 |
% of balance to risk per trade |
Stop Loss
| Parameter | Default | Description |
|---|---|---|
InpSLMode |
OB Boundary |
SL placement: OB Boundary / Fixed Pips / ATR-based |
InpSLPips |
20.0 |
SL in pips (Fixed mode) |
InpATRMultiplier |
1.5 |
ATR multiplier for SL (ATR mode) |
InpATRPeriod |
14 |
ATR period |
Take Profit
| Parameter | Default | Description |
|---|---|---|
InpTPMode |
RR Ratio |
TP by fixed pips or Risk:Reward ratio |
InpTPPips |
40.0 |
TP in pips (Fixed mode) |
InpRRRatio |
2.0 |
Risk:Reward ratio (RR mode) — 2.0 = 1:2 |
Trade Management
| Parameter | Default | Description |
|---|---|---|
InpBreakevenTrigPips |
15.0 |
Move SL to breakeven when profit reaches this |
InpBreakevenOffPips |
2.0 |
Breakeven SL offset above/below entry |
InpTrailingStopPips |
0.0 |
Trailing stop distance — 0 = disabled |
InpMaxTradesPerDay |
3 |
Max trades opened per calendar day |
InpMaxPosPerSession |
1 |
Max simultaneous positions per session |
Risk Management
| Parameter | Default | Description |
|---|---|---|
InpMaxDailyLossUSD |
0.0 |
Halt trading if daily loss exceeds this USD amount — 0 = off |
InpMaxDailyLossPct |
0.0 |
Halt trading if daily loss exceeds this % of equity — 0 = off |
Display Settings
| Parameter | Default | Description |
|---|---|---|
InpShowDashboard |
true |
Corner stats panel |
InpShowORBLines |
true |
ORB High/Low/Mid lines on chart |
InpShowOBZones |
true |
Order block rectangles on chart |
InpShowTradeLabels |
true |
Entry arrows and SL/TP lines on chart |
Dashboard
A real-time HUD is drawn in the top-left corner showing:
▌ NANDR ORB+OB EA
─────────────────────────
Symbol : XAUUSD TF: M15
OrbTF : M15 BarsNeeded: 1
─────────────────────────
London H:2685.50 L:2672.30 [BULL↑]
NY H:2690.10 L:2681.00 [ARMED]
─────────────────────────
BullOBs: 2 BearOBs: 1
─────────────────────────
Trades : 1 / 3
W/L : 1 / 0 WR: 100%
Today PnL: +48.20 USD
Equity : 10048.20
Chart Visuals
| Object | Color | Description |
|---|---|---|
| ORB High/Low lines | Session color | Solid horizontal lines at ORB levels |
| ORB Mid line | Session color (dotted) | Midpoint of ORB range |
| Bullish OB zone | Green rectangle | Active bull order block |
| Bearish OB zone | Red rectangle | Active bear order block |
| Entry arrow | Green (buy) / Red (sell) | Trade entry marker |
| SL line | Red dashed | Stop loss level |
| TP line | Green dashed | Take profit level |
Session line colors: Tokyo = Blue · London = Red · NY / NY ORB = Gold · Daily = Silver
Installation
- Copy
NANDR_ORB_OB_EA.mq5to your MetaTrader 5MQL5/Experts/folder - Open MetaEditor (F4 in MT5) and compile the file (F7) — should produce zero errors
- In MT5, open a XAUUSD M15 chart
- Drag the EA onto the chart, enable "Allow Algo Trading"
- In the inputs dialog, enable at least one session (e.g.
InpUseLondonSession = true) - Click OK — the EA will auto-detect the broker's XAUUSD symbol variant
Requirements
- MetaTrader 5 (build 2755+)
- XAUUSD (or broker equivalent: XAUUSD.s, XAUUSD_, GOLD, etc.)
- Recommended chart timeframe: M15
- Account type: any (ECN recommended for tighter spreads on Gold)
Files
| File | Description |
|---|---|
NANDR_ORB_OB_EA.mq5 |
Expert Advisor source code |
orb.pine |
Reference Pine Script — ORB indicator (TradingView) |
order_block_detector.pine |
Reference Pine Script — LuxAlgo Order Block Detector |
Disclaimer
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.