ORB Revolution

User Guide

Complete guide to ORB Revolution Expert Advisor

1. About ORB Revolution EA

ORB Revolution EA is a next-generation MetaTrader 5 Expert Advisor that automates the Opening Range Breakout (ORB) strategy, a proven approach for capturing market momentum after the initial range of the trading session. This EA is engineered for both breakout and reversal trading, offering a suite of advanced features: multi-layered filters (volatility, trend, time, day, news), comprehensive risk management system (daily loss limiter, profit targets, partial TP, trailing stop, breakeven), trade obfuscation, and a real-time performance panel. It is ideal for traders who demand precision, flexibility, and transparency in their automated trading.

2. Supported Strategies

Mix and match these features to create a strategy that fits your risk profile and market view:

Classic ORB

Trade breakouts from the morning range, with or without confirmation candle.

ORB with Volatility/Trend Filter

Only trade when the market is volatile or trending.

ORB with News Avoidance

Avoid trading during major news or holidays.

ORB with Risk Management

Enforce daily loss limits and profit targets for prop firm compliance and disciplined trading.

ORB with Partial TP and Trailing

Take profits in stages and lock in gains with trailing stops.

ORB + Reversal

Trade reversals after failed breakouts or wick rejections.

Day/Time-Filtered ORB

Only trade on specific days or during certain hours.

Obfuscated ORB

Hide your trading logic from brokers for added security.

3. Using the Features – Step-by-Step

Initial Setup

  1. 1. Attach the EA to your desired chart and timeframe
  2. 2. Configure all input parameters according to your trading plan
  3. 3. Enable/disable features as needed (breakout, reversal, news filter, etc.)

Range Calculation

The EA calculates the high, low, open, and close between your specified start and end times. This range is visually drawn on the chart (if enabled). All trade logic is based on this range.

Breakout Trades

When price breaks above the range high (for buys) or below the range low (for sells), the EA checks all filters (time, volatility, trend, day, news). If all filters pass, a trade is opened with your specified lot size, SL, and TP. Optional features include partial TP, breakeven, and trailing stop.

Reversal Trades

If enabled, reversal trades are triggered after a breakout, under certain conditions (e.g., failed breakout, wick rejection). All filters are checked before opening a reversal trade. Reversal trades have their own independent risk and management settings.

Filters

  • • Volatility Filter: Only allows trades if the range size is within your specified min/max percentage
  • • Trend Filter: Uses Bollinger Bands to determine if the market is trending or ranging
  • • Time/Day Filter: Restricts trading to certain hours or days
  • • News Filter: Blocks trading during high-impact news or holidays

Risk Management

  • • Daily Loss Limiter: Monitors daily loss and blocks trading if the limit is breached
  • • Profit Target System: Stops trading or closes positions when daily or cumulative profit goals are achieved
  • • Partial Take Profit: Closes a portion of the position at predefined profit levels
  • • Breakeven: Moves SL to entry price after a certain profit is reached
  • • Trailing Stop: Dynamically moves SL to lock in profits using range multiples or candle highs/lows

Obfuscation

When enabled, the EA randomizes order prices and execution times, and can hide SL/TP from the broker, making your trading less predictable and more private.

4. ORB Revolution EA — Inputs Guide

This section explains every input in ORB Revolution in plain language, with practical notes on how each setting affects execution. The EA is designed for disciplined, risk-controlled automation. Many parameters use RSM (Range Size Multiples), which means values scale automatically with the session's opening range.

Important Notes

  • • RSM (Range Size Multiples) = a multiplier of the calculated opening range size. Example: if the range is 100 points, 0.5 RSM = 50 points.
  • • Use different Magic Numbers for different EA instances to avoid trade-management conflicts.
  • • If you enable News Filter, ensure the news URL is whitelisted in MT5 (WebRequest allowed URLs).
  • • When using Obfuscation (virtual TP/SL), your broker will not "see" the real TP/SL. Make sure your VPS/terminal is stable.
  • • For prop-firm style trading, combine: Risk Management System + News Filter + Day/Time Filters.

General EA Settings

  • • Magic Number: Unique identifier for the EA's trades. Use a different number for each EA instance to avoid trade conflicts. Example: 20260107
  • • Strategy Name: A new concept introduced by ORB Revolution to identify, track, and analyze trading strategies beyond the traditional Magic Number. Example: ORB_EA
  • • Log Level: Controls the verbosity of EA logging output in the Experts tab:
    • ◦ Errors Only: Only critical errors are logged
    • ◦ General Information: Standard operational logs (recommended for most users)
    • ◦ Detailed Debug: Comprehensive logging for troubleshooting and validation
  • • Show Information Panel: If enabled, displays a real-time dashboard on the chart with strategy status, filters, trades, and performance metrics.
  • • Panel Scale: Adjusts the panel display size to match your screen resolution:
    • ◦ Standard (1080p): Default size optimized for Full HD displays (recommended for most users)
    • ◦ Large (1440p): Increased size for 2K/QHD monitors
    • ◦ Extra Large (4K): Maximum size for 4K/UHD displays and ultra-wide monitors
  • • Push Notifications: Sends real-time alerts to your MetaTrader mobile app. Two levels are available:
    • ◦ Critical — High-priority events only:
      • – Trade opened
      • – Trade closed (with reason)
      • – Daily drawdown limit hit
      • – Target profit reached
    • ◦ Important — All Critical alerts, plus:
      • – Breakeven triggered
      • – Partial TP triggered
      • – Trailing stop triggered
      • – Range is building
      • – Range is trading
      • – Range closed

⚠ Setup Required — MT5 Push Notifications

To receive push notifications on your phone, you must link your MetaQuotes ID (MQID) in MetaTrader 5:

  1. Open MetaTrader 5 on your mobile device and tap the notification bell icon (top bar) to find your MetaQuotes ID.
  2. In MT5 on your PC, go to Tools → Options → Notifications.
  3. Check Enable Push Notifications and enter your MQID in the field provided.
  4. Click Test to confirm the connection, then OK.

Step 1 — Find your MQID in the mobile app

Finding MetaQuotes ID in the MT5 mobile app

Step 2 — Enter MQID in MT5 desktop Options

Entering MetaQuotes ID in MT5 desktop Options → Notifications

Why this matters

Traditionally, Expert Advisors rely solely on a Magic Number to differentiate trades. While technically effective, this approach has a major practical limitation: traders rarely remember which Magic Number belongs to which strategy. Over time—especially when running multiple EAs, presets, or optimizations—tracking the performance of a specific strategy becomes confusing and error-prone.

To solve this, ORB Revolution introduces the concept of a human-readable Strategy Name. Instead of remembering whether your strategy was assigned Magic Number 1021 or 2045, you simply name it something meaningful—such as "NASDAQ ORB", "London ORB Conservative", or "US Open Reversal".

By using the same Strategy Name consistently:

  • • The EA can automatically retrieve historical trades linked to that strategy
  • • Performance metrics are aggregated and displayed in the panel
  • • You gain clear long-term visibility over a strategy's behavior and results
  • • Strategy tracking remains intact even if the Magic Number changes

You may forget whether a strategy used Magic Number 1, 17, or 4096 — but you will never forget that you named it "NASDAQ ORB".

In short, Strategy Name transforms the EA from a trade executor into a strategy-aware system, making analysis, optimization, and long-term tracking significantly clearer and more intuitive.

Panel Components Explained

The information panel is a powerful real-time dashboard that provides comprehensive visibility into your strategy's performance, current market conditions, and filter status—all directly on your chart. Enable it in General EA Settings and adjust the scale to match your screen resolution.

ORB Revolution Information Panel

Components Overview

Strategy Information

Displays your strategy name, EA version, and current trading session details including range start/end times.

Range Data

Shows the current opening range's high, low, open, and close values, along with the calculated range size. This is the foundation for all breakout and reversal calculations.

Active Trades Section

Displays all open positions (breakout and reversal) with entry price, stop loss, take profit, current profit/loss, and trade direction. Each trade shows real-time P&L updates.

Filter Status Indicators

Visual indicators (green = pass, red = blocked) for all active filters:

  • • Time Filter: Shows if current time is within allowed trading window
  • • Volatility Filter: Indicates if range size meets volatility requirements
  • • Trend Filter: Shows trend alignment status based on Bollinger Bands
  • • Day Filter: Confirms if today is an allowed trading day
  • • News Filter: Alerts when news events block trading
Risk Management Status

Displays current daily loss percentage, profit target progress, distance to limits, and time until daily reset. Shows breach status, remaining protection buffer, and profit target achievement.

Performance Table (Top 5 Strategies)

Ranks your top-performing strategies based on the Strategy Name parameter. Shows:

  • • Total profit/loss per strategy
  • • Win rate percentage
  • • Total number of trades executed
  • • Average profit per trade

This allows you to compare multiple strategies running simultaneously and identify which configurations perform best.

Alerts & Notifications

Real-time warnings for upcoming news events, daily loss approaching limit, profit targets nearly reached, filter blocks, and session time changes.

Pro Tip

The panel is designed to be your central command center. Keep it visible during live trading to monitor filter status, track daily loss and profit targets in real-time, and compare strategy performance—all without switching windows or opening trade history.

Range Settings

The EA builds an Opening Range between the start and end time. The highest high and lowest low in that window define the range, and the EA uses it to compute breakout/reversal levels and risk distances.

📘 Helper Text

RSM means Range Size Multiples - values scale automatically with the session's opening range size.

  • • Range Start Hours (0-23) / Minutes (0-59): Time when the EA starts calculating the opening range. Example: 10:30
  • • Range End Hours (0-23) / Minutes (0-59): Time when the range calculation ends. The high/low between start and end define the range. Example: 15:45
  • • Range Close Hours (0-23) / Minutes (0-59): Time when all trades are closed and the range is reset for the next session. Example: 20:00
  • • Close trades at Range Close Time: If enabled, all open trades are automatically closed at the session close time (hard session cut-off). Useful for intraday strategies.
  • • Shift Mode: Controls how the shift from range extremum is calculated. Options:
    • ▸ Disabled: No shift applied - entries trigger exactly at range high/low.
    • ▸ Points: Shift measured in fixed points (standard MT5 points).
    • ▸ Range Size Multiples (RSM): Shift scales automatically based on the range size. More adaptive to market volatility.
  • • Shift from Range Extremum (Points or RSM): Adds a buffer to breakout levels. The value interpretation depends on the Shift Mode:
    • ▸ When Points mode: Value is in fixed points. Example: 10 = 10 points buffer.
    • ▸ When RSM mode: Value is a multiplier of the range size. Example: 0.1 = 10% of range size.
    • ▸ Higher values = fewer triggers (less sensitive). Lower values = more triggers (more sensitive). Set to 0 for immediate breakout.
  • • Draw Range: If enabled, the EA draws the calculated range on the chart for visual reference.
  • • Range Color: The color used for the range box/lines on the chart. Example: DodgerBlue

General Trade Settings

These settings control fundamental trade execution behavior, including entry timing, breakout/reversal enablement, and directional permissions.

  • • Trade on Candle Close (false = Immediate): If enabled, entries trigger only after a candle closes beyond the range. If disabled, entries can trigger immediately on breakout. Example: false for immediate execution.
  • • Confirmation Candle Timeframe: Timeframe used for the confirmation candle (e.g., 5 Minutes, 15 Minutes). Relevant when "Trade on Candle Close" is enabled.
  • • Max Breakout Distance in RSM (0 = disabled): Maximum distance from range boundary to allow breakout entries, measured in Range Size Multiples. Set to 0.0 to disable this filter and allow breakouts at any distance.
  • • Deactivate Breakout: If enabled, breakout trades are completely disabled for the session. Only reversal trades (if enabled) will be taken.
  • • Deactivate Reversal: If enabled, reversal trades are completely disabled for the session. Only breakout trades (if enabled) will be taken.
  • • Deactivate Reversal when Breakout closes in profit: If enabled, reversal is not allowed if the breakout trade ended profitably. This prevents "flipping" direction after a successful breakout move.
  • • Allow Buy Trades: Enable or disable buy (long) direction independently. Useful for directional bias or one-way strategies.
  • • Allow Sell Trades: Enable or disable sell (short) direction independently. Useful for directional bias or one-way strategies.
  • • ATR Period (for volatility filters): ATR period used by volatility filters to measure market movement intensity. Example: 3 for short-term volatility assessment.

Breakout Trade Settings (BO)

Breakout logic trades the range expansion beyond the opening range boundary. BO parameters affect sizing, entry eligibility, and how the position is managed.

Independent Risk Configuration

IMPORTANT: Breakout (BO) and Reversal (RE) trades have completely independent risk settings. Each strategy type calculates position size separately based on its own Volume Type and risk parameters. Pay close attention when configuring both—if you set BO to 1% risk and RE to 1% risk, you could have 2% total account risk if both trade simultaneously.

Position Sizing (Risk Per Position)

  • • BO: Volume Type: Defines how risk per position is calculated. Options include:
    • ◦ Fixed Lot: Always trade a fixed lot size regardless of account balance or stop loss distance
    • ◦ % Risk: Risk a percentage of your account equity on each trade (recommended for most traders)
    • ◦ Fixed Money Risk: Risk a fixed dollar/currency amount per trade
  • • BO: Volume / Risk / Money Value: The numeric value used for the selected sizing method. Examples: 0.01 lots, 1% risk, 100$ risk.

Stops & Targets (RSM-based)

  • • BO: Stop Loss in RSM: Stop loss distance as a multiple of the range size (e.g., 0.5 = SL is half the range away from entry).
  • • BO: Take Profit in RSM (0 = No TP): Take profit distance as a multiple of the range size. Use 0 to disable fixed TP.

Time Filter (Optional Gate)

  • • BO: Use Time Filter: Restrict breakout entries to a specific time window.
  • • BO: Not Before Hour / Minute: Earliest time breakout entries are allowed.
  • • BO: Not After Hour / Minute: Latest time breakout entries are allowed.

Volatility Filter

  • • BO: Use Volatility Filter: Trade only if volatility conditions are met.
  • • BO: Volatility Action: Defines whether to trade when volatility is above, below, or within a target range.
  • • BO: Volatility Condition: The exact rule applied (e.g., Range > max, Range < min, min < Range < max).
  • • BO: Min / Max Range %: Minimum and maximum allowed range size as a % of the reference (commonly ATR-based).

Trend Filter (Bollinger-based)

  • • BO: Use Trend Filter: Trade only if the trend filter passes.
  • • BO: Timeframe: Timeframe used for Bollinger trend reading.
  • • BO: Period: Bollinger period.
  • • BO: Deviation 1 / 2: Deviation settings used by the EA's internal trend logic.

Breakeven

  • • BO: Use Breakeven: If enabled, the EA moves SL to breakeven once profit reaches the trigger threshold.
  • • BO: BE Trigger in RSM: Profit distance (in RSM) required to trigger breakeven.
  • • BO: BE Buffer in Points: Extra points added beyond breakeven for safety (helps prevent stop-outs on spread/reticks).

Trailing Stop

  • • BO: Use Trailing Stop: Enables trailing stop management.
  • • BO: Trail Trigger in RSM: Profit distance required to start trailing.
  • • BO: Trail Step Mode: Trailing method: by range size step (SD) or by candle high/low.
  • • BO: Trail Step in RSM: Trailing step size (when using SD/range mode).
  • • BO: Candle Lookback: Number of candles used for trailing (candle mode).
  • • BO: Candle Timeframe: Timeframe used for trailing (candle mode).
  • • BO: Trail only when SL in profit: If enabled, trailing starts only after the SL is already in profit.

Partial Take Profit

  • • BO: Use Partial Take Profit: Enables partial position closes at pre-defined levels.
  • • BO: TP1 Enabled / Trigger / Close %: Enable TP1, set trigger (RSM), and define the percentage to close.
  • • BO: TP2 Enabled / Trigger / Close %: Enable TP2, set trigger (RSM), and define the percentage to close.

Practical Tip (Breakout)

If you want fewer trades and cleaner conditions, use Trade on Candle Close + a stricter Volatility Filter. If you want more responsive entries, use immediate mode but consider adding a larger Shift from Range Extremum.

Reversal Trade Settings (RE)

Reversal logic attempts to trade a rejection/rotation after an extension beyond the range. RE parameters mirror BO, but apply to reversal entries and management.

Independent Risk Configuration

IMPORTANT: Reversal (RE) and Breakout (BO) trades have completely independent risk settings. Each strategy type calculates position size separately based on its own Volume Type and risk parameters. Pay close attention when configuring both—if you set RE to 1% risk and BO to 1% risk, you could have 2% total account risk if both trade simultaneously.

Position Sizing (Risk Per Position)

  • • RE: Volume Type: Defines how risk per position is calculated for reversal trades. Options include:
    • ◦ Fixed Lot: Always trade a fixed lot size regardless of account balance or stop loss distance
    • ◦ % Risk: Risk a percentage of your account equity on each trade (recommended for most traders)
    • ◦ Fixed Money Risk: Risk a fixed dollar/currency amount per trade
  • • RE: Volume / Risk / Money Value: The numeric value used for the selected sizing method. Examples: 0.01 lots, 1% risk, 100$ risk.

Stops & Targets (RSM-based)

  • • RE: Stop Loss in RSM: Stop loss distance as a multiple of the range size.
  • • RE: Take Profit in RSM (0 = No TP): Take profit distance as a multiple of the range size.

Time Filter (Optional Gate)

  • • RE: Use Time Filter: Restrict reversal entries to a specific time window.
  • • RE: Not Before Hour / Minute: Earliest time reversals are allowed.
  • • RE: Not After Hour / Minute: Latest time reversals are allowed.

Volatility & Trend Filters

  • • RE: Use Volatility Filter: Enable volatility filtering for reversal trades.
  • • RE: Min / Max Range %: Range size thresholds for reversals.
  • • RE: Use Trend Filter: Enable trend filtering for reversals.
  • • RE: Bollinger Bands Settings: Timeframe/Period/Deviation values used by the trend filter.

Breakeven / Trailing / Partial TP

  • • RE: Use Breakeven: Moves SL to breakeven after a defined gain.
  • • RE: Use Trailing Stop: Enables trailing stop logic.
  • • RE: Use Partial Take Profit: Enables partial closes (same logic as BO, applied to reversal positions).

Practical Tip (Reversal)

If you trade both BO and RE, consider enabling Deactivate Reversal when Breakout closes in profit to reduce overtrading and prevent "flip-flopping" behavior.

News Filter Settings

The news filter blocks trading around economic events. It can also take pre-news actions to reduce exposure. Want to backtest with news filtering? See the News Backtesting section below.

⚙️ MT5 WebRequest Configuration Required

For the news filter to work, you must whitelist the Investing.com news feed URL in MetaTrader 5:

  1. In MT5, go to Tools → Options → Expert Advisors
  2. Check "Allow WebRequest for listed URLs"
  3. Add this URL: https://sslecal2.investing.com/
  4. Click OK and restart MT5
  • • Avoid News: If enabled, blocks trading during news events.
  • • Currencies: Comma-separated list of currencies to monitor (e.g., USD, EUR).
  • • Keywords: Comma-separated list of event keywords (e.g., CPI, FOMC).
  • • Don't trade on Holidays: If enabled, blocks trading on detected holidays.
  • • Don't trade all day on High Impact News: If enabled, disables trading for the entire day if high-impact news is detected.
  • • Use Window Restriction on High Impact News: Restricts trading to a pre/post window around high-impact news.
  • • Stop trading before / after news in minutes: Minutes before/after the event where trading is blocked.
  • • Take action before news: If enabled, the EA takes a pre-news action (close trades, set BE, etc.).
  • • Action before X minutes: How long before news the action is executed.
  • • Action on Open Trades: What to do with open trades (close all, close winners, set BE, etc.).

How to Backtest News?

The EA now supports backtesting of news-driven strategies by replaying a historical news feed from your own Backtest.csv file.

To enable this feature, simply place Backtest.csv into MetaTrader 5's common files folder before launching your backtests:

  1. In MetaTrader 5, go to File → Open Data Folder.
  2. In the Explorer window that opens (e.g. …\AppData\Roaming\MetaQuotes\Terminal\<InstanceID>\MQL5\Files), click the "Up" button or navigate back to the Terminal folder.
  3. Open the Common subfolder (full path example: C:\Users\<YourUser>\AppData\Roaming\MetaQuotes\Terminal\Common\Files).
  4. Copy Backtest.csv into that Common folder.
  5. Restart the Strategy Tester (or reload the EA) so it picks up the new news feed.

Note: The CSV is updated every end of month, and contains data from 2020 and forward.

Download Backtest.csv →

Days Filter Settings

  • • Use Day Control: Enable/disable day-based trading rules.
  • • Trade Monday–Sunday?: Choose which weekdays the EA is allowed to trade.

Obfuscation Settings (Optional)

Obfuscation is an advanced option that can randomize execution and hide levels. Use carefully and only if you understand the operational implications.

  • • Enable Trade Obfuscation: If enabled, hides trade details and randomizes execution.
  • • Min / Max Price Offset (points): Randomizes entry/exit prices within this points range.
  • • Min / Max Time Delay (ms): Randomizes order execution timing.
  • • Hide TP/SL (use virtual levels): Conceals stop loss/take profit from the broker (EA manages them virtually).

Operational Note

If you enable virtual TP/SL, keep the EA running continuously (VPS recommended). If the terminal is offline, virtual protection cannot be enforced.

Risk Management System (Optional)

The Risk Management System provides comprehensive safety for strict risk regimes, including prop-firm challenge rules and funded account requirements. It offers two independent protection mechanisms: Daily Loss Limiter and Profit Target System. When either threshold is hit, trading is blocked and optional actions may be executed.

⚠️ Multi-EA Risk Management Coordination

IMPORTANT: Only ONE ORB Revolution EA instance should have Risk Management enabled on your account. This designated "master" EA monitors the entire account and coordinates protection across all ORB Revolution EAs using global variables.

How it works:

  • • The EA with Risk Management enabled acts as the master controller
  • • All other ORB Revolution EAs should have Risk Management disabled
  • • When the master EA detects a breach (daily loss or profit target), it sets global variables
  • • All ORB Revolution EAs on the account read these global variables and respect the breach
  • • This ensures account-wide protection even with multiple EAs/charts running simultaneously

Best Practice: Enable Risk Management on your primary chart/symbol only. Disable it on all other ORB Revolution instances. The master EA will protect your entire account regardless of which EA opens trades.

Alert When Multiple EAs Enabled

Risk Management Multi-EA Coordination Alert

MT5 will show this warning if Risk Management is enabled on multiple ORB Revolution instances

Daily Loss Limiter Settings

  • • Enable Drawdown Limiter: If enabled, blocks trading after the daily loss threshold is reached.
  • • Daily Loss Calculation Mode: Defines how daily loss is measured. Choose based on your prop firm's rules:
    • ◦ % of Initial Balance (FundedNext style): Daily limit always X% of initial balance. Tracking resets each day from that day's starting equity.
    • ◦ % of Day Start Balance: Limit calculated as X% of today's starting balance.
    • ◦ % of Day Start Equity: Limit calculated as X% of today's starting equity (includes floating P&L at rollover).
    • ◦ % of Highest(Balance, Equity) at rollover (FTMO, The5ers style): Limit from the higher of balance or equity at day start.
    • ◦ % Track equity drop from day start (simple): Monitors equity drop from day start. Reference stays fixed all day.
    • ◦ % Track equity drop from high watermark (trailing daily): Monitors equity drop from the highest point reached during the day. Reference updates as you make profit—stricter protection for intraday profits.
    • ◦ Fixed Money Value: Absolute dollar amount (e.g., $500/day). Simple and predictable.
  • • Daily Loss (%) / Money Value: Maximum allowed daily loss before trading is blocked. Enter percentage or dollar amount depending on mode.
  • • Include Floating P&L (Daily Loss): If enabled, includes unrealized profit/loss from open trades in the loss calculation. Recommended for stricter prop firm compliance.
  • • Daily Reset Mode: Defines when the limiter resets:
    • ◦ Reset on daily bar open (broker time)
    • ◦ Reset at specific time (configurable timezone)
    • ◦ Reset at specific UTC time
  • • Rollover Hour / Minute: Time when the daily limiter resets (0-23 hours, 0-59 minutes).
  • • Timezone Offset (Hours): Adjusts calculations to your local or broker's timezone. Critical for accurate daily resets.
  • • Safety Buffer (%): Early warning buffer. When you reach (100% - buffer%) of your limit, new trades are blocked but positions remain open. Example: 10% buffer blocks trades at 90% of limit.
  • • Action on Daily Loss Breach: What happens when the limit is hit:
    • ◦ Do Nothing (only blocks new trades)
    • ◦ Close All Trades
    • ◦ Close & Disable EA
    • ◦ Alert Only
  • • Pause Until Next Day After Breach: If enabled, blocks all trading until the next daily reset after a breach occurs.

Profit Target System Settings

  • • Profit Target Mode: Defines when profit targets are evaluated:
    • ◦ Cumulative: Fixed $ from initial: Total profit from initial balance (e.g., "Make $1,000 total"). Does NOT reset daily. Requires manual reset after passing the challenge.
    • ◦ Cumulative: % of initial balance: Total profit as % of initial balance (e.g., "Make 8% total"). For multi-phase challenges.
    • ◦ Daily: Fixed $ earned today: Profit goal resets each day (e.g., "$500/day target"). Resets at rollover automatically.
    • ◦ Daily: % of day start balance: Daily profit as % of today's starting balance (e.g., "2%/day target"). Resets at rollover automatically.
    • ◦ Disabled: Profit target system is off.
  • • Profit Target Value (% or $): Target amount. Enter percentage or dollar amount depending on mode.
  • • Include Floating P&L (Profit): If enabled, includes unrealized profit from open trades when calculating profit earned. If disabled, only counts closed trade profit.
  • • Action on Profit Target Hit: What happens when the profit goal is reached:
    • ◦ Do Nothing (only blocks new trades - default)
    • ◦ Close All Trades (locks in profit)
    • ◦ Close & Disable EA
    • ◦ Alert Only

Note: Cumulative Profit Targets

For cumulative profit targets (challenges), trades remain blocked until you manually reset by deleting all global variables: Tools → Options → Expert Advisors → Delete All Global Variables.

Additional Settings

  • • Magic Filter (0 = all trades): Apply the risk management system to specific magic numbers only. Set to 0 to apply globally to all trades on the account (recommended for multi-EA setups).
  • • Enable Debug Logs: Logs all daily loss and profit target events for later review. Useful for troubleshooting and compliance verification.

Recommended Settings

For Prop Firm Challenges (FTMO, FundedNext, The5ers)

Daily Loss Settings:

  • • Enable Drawdown Limiter: Yes
  • • Daily Loss Mode: % of Highest(Balance, Equity) at rollover (FTMO/The5ers) or % of Initial Balance (FundedNext)
  • • Daily Loss (%): 5% (or per your firm's rules)
  • • Include Floating P&L (Daily Loss): Yes (stricter protection)
  • • Daily Reset Mode: Reset at specific time
  • • Rollover Hour/Minute: 00:00 (or your firm's server reset time)
  • • Timezone Offset: Match your broker's server timezone
  • • Safety Buffer (%): 10% (blocks trades at 90% of limit)
  • • Action on Breach: Close All Trades
  • • Pause Until Next Day: Yes

Profit Target Settings (Challenge Phase):

  • • Profit Target Mode: Cumulative: % of initial balance or Cumulative: Fixed $
  • • Profit Target Value: 8% (Phase 1) or 5% (Phase 2) - adjust per firm
  • • Include Floating P&L (Profit): No (most firms count closed trades only)
  • • Action on Profit Target Hit: Do Nothing (let current trades finish)

Profit Target Settings (Funded Account):

  • • Profit Target Mode: Daily: Fixed $ (e.g., $500/day goal)
  • • Profit Target Value: Set your daily target
  • • Include Floating P&L (Profit): Yes or No (your preference)
  • • Action on Profit Target Hit: Close All Trades (lock in daily profit)

For Conservative Personal Trading

Daily Loss Settings:

  • • Daily Loss Mode: % Track equity drop from high watermark (protects intraday profits)
  • • Daily Loss (%): 3-5%
  • • Include Floating P&L (Daily Loss): Yes
  • • Safety Buffer (%): 20%
  • • Action on Breach: Close All Trades

Profit Target Settings:

  • • Profit Target Mode: Daily: % of day start balance
  • • Profit Target Value: 2%/day
  • • Include Floating P&L (Profit): Yes
  • • Action on Profit Target Hit: Close All Trades (take profit and stop)

Important Notes

  • • Reset Behavior: Daily Loss Limiter ALWAYS resets at rollover. Daily Profit Targets reset automatically at rollover. Cumulative Profit Targets do NOT reset automatically—must be manually reset after challenge completion.
  • • Multi-EA Coordination: Only ONE ORB Revolution EA should have Risk Management enabled per account (see warning above). The system uses global variables to coordinate across all EAs. When the master EA detects a breach, ALL ORB Revolution EAs respect the limit automatically.
  • • Manual Reset (Cumulative Targets): After passing a challenge: Go to Tools → Options → Expert Advisors → Delete All Global Variables, then restart your EAs.
  • • Close Reasons: When positions are closed by the risk management system:
    • ◦ "EA DD": Daily Drawdown breach
    • ◦ "EA DP": Daily Profit target hit
    • ◦ "EA CP": Cumulative Profit target hit (challenge passed)
  • • Testing Your Settings: Enable Debug Logs during initial setup. Test with small amounts to verify reset behavior. Confirm timezone offset matches your broker's server time.