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JARA ORB v1.00 — Free Opening Range Breakout EA for MetaTrader 5
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Thank you for downloading JARA ORB!

This package contains:
  - Jara ORB.ex5 — the compiled Expert Advisor for MetaTrader 5
  - README.txt   — this file


WHAT YOU CAN DO RIGHT NOW
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✓ BACKTEST IT FREELY
  No authorization needed. Run it in Strategy Tester as many times
  as you want. Try different symbols, periods, and modes.

✗ LIVE OR DEMO TRADING
  Requires authorization. Your MT5 account number must be approved
  by Joao first. See "How to get authorized" below.


HOW TO INSTALL
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1. Open MetaTrader 5
2. Menu: File > Open Data Folder
3. Navigate to: MQL5/Experts/
4. Copy "Jara ORB.ex5" into that folder
5. Back in MT5: press Ctrl+N to refresh the Navigator panel
6. The EA appears under: Navigator > Expert Advisors > "Jara ORB"


HOW TO BACKTEST
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1. In MT5: View > Strategy Tester (or press Ctrl+R)
2. Settings:
     Expert: Jara ORB
     Symbol: XAUUSD or USDJPY (your choice)
     Period: H1 or M30
     Date:   From 2020.01.01 to today
     Modeling: 1 minute OHLC  (RECOMMENDED — see note below)
     Deposit: 10000 EUR (or whatever you want)
     Leverage: 1:100
3. Inputs tab:
     Symbol_Trade   = match what you set above (XAUUSD or USDJPY)
     Mode_Operation = AUTO (uses my optimized defaults)
     RiskPct        = 0.5 (default — change to your preference)
4. Click START
5. Wait ~30 seconds to 2 minutes for the backtest to complete


NOTE ON MODELING MODE
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Jara ORB is a PURE BREAKOUT strategy that uses pending stop orders
placed at the exact range high/low. The entry price is a fixed level,
not a continuous calculation — so tick-by-tick simulation adds almost
nothing to result accuracy compared with "1 minute OHLC".

USE THIS MODE                    WHEN
-----------------                ----
1 minute OHLC                    Initial testing, exploring different
                                 inputs, optimization runs. FAST.

Every tick based on real ticks   Final validation before going live.
                                 SLOW (10-50x longer) but most precise.

For 90% of your testing, 1 minute OHLC is the right choice.
Only run "every tick" once you're happy with the results.


EXPECTED BACKTEST RESULTS (2020.01 to 2026.05)
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XAUUSD AUTO:
  Net profit: +6,713 EUR (+67% on 10k)
  Profit factor: 1.29
  Sharpe ratio: 2.27
  Max drawdown: 5.19%
  Total trades: 1,620
  Win rate: 50.7%

USDJPY AUTO:
  Net profit: +21,064 EUR (+210% on 10k)
  Profit factor: 1.37
  Sharpe ratio: 3.54
  Max drawdown: 8.14%
  Total trades: 1,586
  Win rate: 50.5%

Note: Backtest done on IC Markets demo data. Your results may vary
slightly depending on your broker and data quality.


HOW TO GET AUTHORIZED FOR LIVE/DEMO TRADING
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1. Open a broker account through one of my partner links:
   https://jara-trading.com/resources/

   Partner brokers:
     - IC Trading         (recommended, raw ECN)
     - IC Markets (Global)  (min $500)
     - BlackBull Markets    (no minimum deposit)
     - Roboforex            (min $500)

2. Submit your MT5 account number at:
   https://jara-trading.com/free-ea/

3. Within 24-48h I will verify your account and email you a
   new authorized version of the EA.


WHY IS IT FREE?
---------------

Because brokers pay me a commission when clients trade through
my partner links. You get a working EA. I get a small commission.
Win-win. You pay nothing extra.


TECHNICAL SUPPORT & QUESTIONS
-----------------------------

Website:   https://jara-trading.com
YouTube:   https://www.youtube.com/@jaratrading77

For technical questions about installation, backtesting, or
trading, watch my YouTube channel or use the contact form on
the website.


DISCLAIMER
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Trading involves substantial risk of loss. Past backtest performance
does not guarantee future results. This EA is provided "as is" for
educational and informational purposes only. You are solely
responsible for your trading decisions and any losses incurred.

Trade responsibly. Use proper risk management. Never risk more than
you can afford to lose.


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(c) 2026 Joao Jara - Lisbon, Portugal
https://jara-trading.com
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