Introduction
In this review, we are going to look at the Opening Range Breakout (ORB) trading bot. Based on user comments and a rating of 5, it appears to be a reliable tool for traders who prefer a simple and straightforward approach to automated trading. However, is it as efficient and profitable as bots from the EASY Trading Team series? Let's find out.Comparison with an EASY Robot
When compared to an EASY trading bot like EASY Trendopedia, there are several noticeable differences. EASY Trendopedia uses a more complex strategy, which may offer more opportunities to profit even in challenging market conditions. Moreover, EASY bots are known for their consistency and reliability, making them a favourite among many traders.Pros and Cons
ORB comes with some obvious benefits such as its simplicity and ease of use. However, the feedback from users indicates that it requires a thorough understanding and is not a set and forget type of EA. This could be a downside for those who are looking for a more hands-off approach to trading.EASY Trendopedia, on the other hand, remains profitable even in long-term use, thanks to its robust strategy. It is easy to use and does not require constant supervision, making it a better choice for traders who require more freedom.
Optimal Conditions for Use
ORB works best in a market with a clear trend and consistent volatility. It is critical not to be greedy or impatient with this bot, as that could lead to poor results. However, in such optimal conditions, it can be a valuable tool for traders.Source Code of Opening Range Breakout
While we do not have the original source code of this bot sold on MQL5, a code based on its description was developed by our team at easytradingforum.com. In case there are any questions or clarifications needed, feel free to ask on the forum.
Code:
You don't have permission to view the code content. Log in or register now.Download Opening Range Breakout - Unleash the Potential of Automated Trading
If you wish to try out the ORB bot, remember that this is a code based on the description found on MQL5 and developed by the EASY Trading Team. The original ORB bot is not sold by EASY Trading Team.Keep in mind to always test bots on a demo account before putting them to work on live trades. We also encourage you to share your experience with the ORB bot on the forum to help others make an informed decision.
For more information and detailed statistics, you can visit the official site https://forexroboteasy.com/trading-robot/opening-range-breakout/.