ORB Hunter: Automated MT5 Opening Range Breakout for Consistent Intraday Results

This ORB Hunter Review 2026 provides a performance and strategy analysis of a focused Opening Range Breakout Expert Advisor for MT5. The review begins by documenting live and backtest results, typical win rates, and drawdown behavior observed across different instruments. ORB Hunter is unique for its simplicity: it limits the decision window to an opening session, uses clear breakout triggers, and leaves exits configurable so traders can choose fixed or dynamic risk management. The analysis highlights the EA's low-parameter footprint, which reduces curve-fitting risk while allowing sensible adaptations for volatility and spread. The algorithm monitors the defined opening range, sets pending orders on breakout directions, and uses momentum filters such as volume or candle strength where supported by the broker feed. ORB Hunter manages trades with initial stop losses and optional trailing stops; users can enable time-based exits or profit-target scaling. In testing, ORB Hunter performed reliably on XAUUSD and major FX pairs during trending intraday conditions, while mean trade durations tended to be between 30 minutes and several hours depending on timeframe and market liquidity. Risk management is central to ORB Hunter's design. Kai Xiang Tan implemented adjustable position sizing, maximum concurrent trades, and daily loss caps to prevent runaway exposure. The EA is designed to be run on MT5 with a VPS for minimal latency, and it supports testing across multiple symbols without complex parameter lists. Overall, ORB Hunter offers a pragmatic balance of automation and control for traders who prefer an evidence-based opening range breakout approach.