@l-andorrà Thanks for the check and spotting the missing part, have fixed now to "NO", could you please explain why you are sure not all values will be valid there? i.e. the youtube post showing actions on trades and info for buy and sell prices is working fine!
cheers,
@FX-Gnosis Hi, thanks for the reply, could you please give me a hint on how to share the project link, thanks
Hi everyone,
I’ve created an Expert Advisor (EA) named Candle Hedging using fxDreema following a YouTube tutorial. After completing the project and running it on the MT5 Strategy Tester, I noticed that no trades are being opened during the backtest, despite my logic appearing correct.
I’ve already checked the following:
Strategy Tester Settings:
The correct symbol and time frame are selected.
Historical data is available for the tested period.
"Allow Trading" is enabled in the tester.
fxDreema Logic:
I’ve used the "Buy Now" and "Sell Now" blocks connected to the correct conditions.
Lot size, stop loss, and take profit are properly defined.
All blocks are logically connected without any errors or gaps.
Trading Permissions:
Automated trading is enabled in Tools → Options → Expert Advisors.
The broker account allows hedging and matches the EA's parameters.
Logs:
The Journal tab in the Strategy Tester shows no critical errors or warnings.
There are no errors like "Not enough money" or "Invalid volume."
Trade Logic:
The conditions for triggering trades seem correct based on the tutorial, but no trades are triggered during the backtest.
I would appreciate it if someone could help me identify why the EA is not opening trades or suggest steps to debug the issue. If needed, I can share screenshots of my fxDreema blocks or export the project for review.
Thank you in advance for your assistance!
@l-andorrà The Opening Range Breakout (ORB) strategy in Forex is a simple yet effective trading approach focusing on price movements at the start of a trading session. Here’s a more concise overview:
Steps to Implement ORB in Forex:
Define the Opening Range (OR):
Time Window: Choose a specific period at the start of a major Forex market session (like London or New York open) to define the OR. Common durations include the first 15, 30, or 60 minutes.
Range Calculation: Identify the high and low prices during this period to establish the OR.
Identify Breakouts:
Bullish Breakout: A move above the OR high signals potential upward momentum. Consider a buy.
Bearish Breakout: A drop below the OR low indicates potential downward momentum. Consider a sell.
Trade Execution:
Entry Point: Enter the trade when a breakout is confirmed, often after a candle closes outside the OR.
Stop Loss: Place it just inside the opposite end of the OR to minimize potential losses.
Take Profit: Set based on previous price levels, a fixed risk-reward ratio, or another strategic metric relevant to the breakout.
Risk Management:
Employ strict risk management, including stop-loss orders and position sizing based on your risk tolerance and account size.
Key Considerations:
Market Volatility: Understand that Forex markets are influenced by global events, news, and the opening times of other markets, affecting volatility.
Currency Pairs: Some pairs may be more suited to ORB based on their volatility patterns and liquidity during certain times.
Adaptation: Tailor the ORB strategy to fit the 24-hour nature of the Forex market, focusing on times when liquidity and volatility are higher.
Summary:
ORB in Forex leverages the concept that the initial market movements can set the tone for the rest of the trading session. By identifying and acting on breakouts from the OR, traders aim to capture momentum-driven price moves. Success with ORB requires a good understanding of market hours, currency pair behavior, and disciplined risk management.