Saturday, October 7, 2017

Opening Range Strategy

Opening Range Strategy


Fully automated trading system that makes transactions breakout High and Low price levels during the opening exchanges. Advisor offers a variety of features and options, variable for profit. High Rates and Low when opening Exchange (Opening Range) = OR


External appearance


Before you consider all changeable options, we refer to that which is directly on the chart. And there we see a few lines and some of the data:

  • Take-profit short position

  • Take-profit long position

  • Stop-loss is a short position

  • Stop-loss is a long position

  • Opening times (always check time option)

  • High and Low Prices at opening (Always check the price range)


Options and features



  • UseAverageFilter = moving average filter

  • MovingAverageFirst = periods of the first moving average

  • MovingAverageSecond = periods second moving average

  • MovingAverageTimeFrame = timeframe moving averages (5 = M5, 30 = M30, 60 = H1, 240 = H4, etc.)

  • AllowChangingTradeDirection = change in the direction of the transaction (True= On. ->The system will enter the market in the opposite direction after actuation TA or CA (only when certain requirements (signal)). False= Off. -> System not will open new positions after tripping TP or SL)

  • UseMoneyManagement = automatic calculation of position

  • MaxRiskInPercent = maximum risk per trade in%

  • RangeFromHour = initial hour OR

  • RangeFromMinute = initial minute OR

  • RangeToHour = final hour OR

  • RangeToMinute = final minute OR

  • EntryOnlyOnBreakoutClose = True = the system will open a position at the close above / below OR

  • Lotsi = position size (value operated at a false UseMoneyManagement function)

  • TakeProfit = Take Profit

  • RangeWidthSL = True = stop loss over / under OR

  • FixedStopLoss = fixed stop loss (only at the value false RangeWidthSL function)

  • UseTrailSL = automatic change of the stop-loss

  • TrailSL = a number of pips will be added to or FixedStopLoss RangeWidthSL (only when the function UseTrailSL)


Opening Range Strategy

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