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