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Name: New Rate MT5
Version: Latest Version
Developer by: Richard Cajo
The Right Platform: Meta Trader 5 (MT5)
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New Rate EA MT5 – Precision Breakout Algorithm for Serious Traders
New Rate EA MT5 is a fully automated Expert Advisor built to capture daily breakout opportunities with surgical precision.
It’s designed around a disciplined Opening Range Breakout (ORB) model — a proven institutional concept that focuses on one high-quality trade per day, avoiding the noise, emotion, and overtrading that destroy most retail accounts.
This EA doesn’t gamble on predictions. It locks in the day’s range, sets calculated breakout levels, and executes only when the market confirms momentum — no re-entries, no averaging, no overfitting.
New Rate EA defines a precise intraday range, sets pending orders at the breakout levels, and executes one trade only.
This “one-shot precision” approach mirrors professional institutional trading — reducing drawdowns, eliminating emotional decisions, and ensuring consistency in long-term results.
Using the first N candles of your defined session, the EA calculates the high and low boundaries of the initial market range.
It then places Buy Stop and Sell Stop orders at those levels.
Once a position is triggered, the opposite order is instantly canceled — no duplicates, no confusion, pure logic.
Every trade comes with fixed Stop Loss and Take Profit — not as safety measures, but as integrated components of the trading logic.
This guarantees that every position has a controlled risk, ensuring mathematical consistency and capital longevity.
Although optimized for XAUUSD (Gold), New Rate EA’s structure works across Forex majors, indices, metals, and even crypto pairs.
It adapts dynamically to volatility and remains stable on brokers with various spreads or execution models.
✅ Precision at the Break: Orders trigger exactly at the pre-defined breakout point — no delays or misfires.
✅ No Martingale, No Grid: Every position is unique, risk-managed, and self-contained.
✅ Time-Efficient: One trade per day — ideal for traders who prefer strategic consistency over high-frequency chaos.
✅ Transparent Logic: All parameters are visible and auditable — no hidden algorithms, no manipulation.
✅ Confidence Through Control: You know your risk, your reward, and your exact entry before it happens.
Name | Fit |
---|---|
Trading platform | Meta Trader 5 (MT5) |
Time frames | M5 to M3 |
Currency pairs | XAUUSD |
Min / Recommended deposit | $1000 |
Min / Recommended leverage | Any |
VPS | Optional, for uninterrupted advisor operation. |
🤗WISH YOU SUCCESSFUL TRADING🤗