This is a sophisticated automated trading robot for cTrader designed to trade the Opening Range Breakout (ORB) strategy. Unlike standard breakout bots that enter immediately at market price, this algorithm uses Limit Orders to capture "break-and-retest" setups, offering a better Risk-to-Reward ratio. It includes advanced filtering using EMA trends and Previous Day High/Low (PDH/PDL) logic to filter out low-probability trades.

1. Core Strategy & Entry Logic

• Opening Range Definition: The bot monitors a user-defined initial period (e.g., the first 15 minutes of the session) to establish the ORB High, ORB Low, and ORB Mid levels.
• Breakout Detection: Once the range closes, it waits for a candle close outside the defined range (Close > High or Close < Low).
• Limit Order Entry: Instead of buying/selling immediately, it places a Limit Order at the breakout level (the ORB High or Low). This relies on the price retracing to "test" the breakout level before continuing the trend.
• Retracement Logic: If a trade is closed or missed, the bot monitors for price to retrace back to the ORB Mid line before allowing a new setup, preventing "chasing" the market.

2. Advanced Trade Filters

To ensure high-quality entries, the bot applies two major filters before placing an order:

• EMA Trend Filter: Checks if the price is on the correct side of a specific Exponential Moving Average (e.g., 200 EMA on the H1 chart).
• • Buy: Price must be > EMA.
  • Sell: Price must be < EMA.
• PDH/PDL Obstruction Filter: A "Smart Logic" feature that checks if the Previous Day’s High (PDH) or Low (PDL) is blocking the path to the Take Profit.
• • Example: If a Buy signal is generated, but the PDH is sitting right between the entry and the Take Profit, the bot cancels the trade to avoid resistance rejection.

3. Risk & Money Management

• Dynamic Position Sizing: Calculates lot size automatically based on a percentage of the account balance (Risk %) relative to the Stop Loss distance.
• Stop Loss (SL): Placed based on the ORB range width (configurable via SL Ratio).
• Take Profit (TP): Calculated as a multiple of the risk distance (configurable via TP Ratio).
• Order Cancellation: If the price breaks out and runs immediately to a certain profit level (e.g., 1:1 RR) without filling the Limit Order, the pending order is automatically cancelled to prevent entering a stale setup.

4. Trade Management Features

• Auto-BreakEven: Automatically moves the Stop Loss to the entry price (plus a configurable pip offset) once the trade moves in profit by a specific Ratio.
• Re-Entry Mechanism: Option to re-enter the market if the initial Take Profit is hit, provided the session is still active and the PDH/PDL path is clear.
• Session Hard Stop: Can be configured to forcefully close all open positions and delete pending orders precisely at the session end time.

5. Visual & Operational Utilities

• Chart Visuals: Draws the ORB High (Red), ORB Mid (Yellow), ORB Low (Green), and Previous Day High/Low (Blue Dots) directly on the chart for visual verification.
• Daily Limits: Includes a "Max Trades Per Session" cap to prevent over-trading on choppy days.
• Day-of-Week Control: Specific toggles to enable or disable trading on specific days (e.g., avoid trading on Fridays).

Logic Flow Summary

1. Wait for Session Start.
2. Calculate High/Low of the first $X$ minutes.
3. Wait for a confirmed Breakout (Candle Close).
4. Check Filters (EMA + PDH/PDL Clearance).
5. Place Limit Order at the breakout line.
6. Manage the trade (Move to BE, TP, or SL).
7. Clean up at Session End.