Description
ORB Precision Pro – Updated Description 🚀
ORB Precision Pro is an Opening Range Breakout (ORB) cBot designed to trade major indices using a structured session approach (ET). It calculates the ORB High/Low during a configurable time window, draws levels and triggers on the chart, and executes entries using two breakout modes:
- 🤚 Touch Mode: trades as soon as price touches/exceeds the trigger
- 🕯️ Candle Close Mode: trades only when a candle closes beyond the trigger
It also includes professional-grade protections and trade management:
- 🛡️ Prop Risk Control: blocks trading when daily loss / overall drawdown limits are reached (optionally closes positions)
- 🧯 Spread Filter: blocks entries when spread is too high (optional log)
- 🎯 Break Even: automatic BE with trigger + offset
- 🧲 Trailing Stop: trailing start + distance + step
- 📈 Pyramiding on Retracement: adds positions on pullbacks with bounce confirmation + cooldown + max adds/day
- 🔁 Re-Entry Logic: if price is already outside the ORB zone at ORB end, the bot can wait for a return “Inside ORB” and open Long/Short/None based on your rules
- 🔄 Opposite Signal Handling: Block / AllowIfCapacity / Reverse (useful when MaxOpenPositions=1)
📸 Backtest Gallery Note:
In the photos, you can clearly see that the backtests produced excellent past results across all indices (results are historical and not guaranteed in the future).
Key Parameters Overview ⚙️
🧩 BASE
- 🏷️ Label
- ✅ Enable Long / Enable Short
⏰ ORB / SESSION (ET)
- 🕘 ORB Start (ET) Hour/Minute
- ⏳ ORB Duration (Minutes)
- 🏁 Session Close (ET) Hour/Minute
- 🧮 ORB Calc TimeFrame
📌 TRADES / TARGETS
- 🎚️ Breakout Entry Mode (Touch / CandleClose)
- 📅 Daily Trade Mode (AllAtOnce / OneThenPyramid_LockSide / Split50_50)
- 🔢 Max Trades Per Day (Total / Long / Short)
- 🧱 One Breakout per Side/Day
- 📏 Buffer (Pips)
- 🛑 Stop Loss (Pips) / 🎯 Take Profit (Pips)
- 🔄 Opposite Position Handling (Block / AllowIfCapacity / Reverse)
📦 POSITION SIZING
- 🎛️ Sizing Mode (FixedLots / RiskPercent)
- 🧾 Lots (FixedLots)
- 💰 Risk % (RiskPercent)
- 🔻 Min Volume (Units) (0 = Symbol/Broker Min)
- 🔺 Max Volume (Units) (0 = Symbol/Broker Max)
✅ The bot converts lots → units, clamps to symbol limits, respects step size, and logs the final size to avoid wrong minimum sizes.
💨 SPREAD FILTER
- 💨 Max Spread (Pips)
- 🧾 Print Spread Skips
📈 PYRAMIDING
- ➕ Max Adds/Day
- ↩️ Retrace (Pips)
- ✅ Bounce Confirm (Pips)
- ⏱️ Cooldown (Seconds)
- 🔁 Volume Multiplier
🧯 BREAK EVEN + 🧲 TRAILING STOP
- BE trigger + offset
- Trailing start + distance + step
🛡️ PROP RISK CONTROL
- 📉 Daily Max Loss (Currency / %)
- 🧱 Overall Max Drawdown (%)
- 🔒 Close on breach (optional)
📊 STOCHASTIC FILTER
- ✅ Enabled/Disabled
- 🎛️ Mode + TimeFrame + OB/OS settings
- ➕ Optional on pyramiding
🔁 RE-ENTRY / RETURN TO ORB
- 🔁 Re-Entry Enabled
- ⬆️ From BELOW → Inside ORB: Long/Short/None
- ⬇️ From ABOVE → Inside ORB: Long/Short/None
- ⏱️ Cooldown + optional logs
🛒 Also available as an Indicator (cTrader Store)
You can purchase the indicator version here: https://ctrader.com/it/products/2490?u=Labot
Summary
The bot includes advanced trade management and risk controls such as daily loss and overall drawdown limits with optional position closure, spread filtering to block trades during high spreads, automatic break-even adjustment with offset, and customizable trailing stops. It supports pyramiding by adding positions on pullbacks with bounce confirmation, cooldown periods, and maximum additions per day. Re-entry logic allows trades when price returns inside the opening range after moving outside, with configurable long/short/none rules. Opposite signal handling options include blocking, allowing if capacity permits, or reversing positions.
Key configurable parameters cover session timing, trade entry modes, daily trade limits, stop loss and take profit settings, position sizing (fixed lots or risk percent), and filters including stochastic indicators. The bot converts lot sizes to units respecting broker limits and logs trade sizes. It is suitable for indices and supports various risk and trade management features tailored to user-defined rules.
Customer reviews
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