Fair Value Gap SMC EA
- Experten
- Allan Munene Mutiiria
- Version: 7.0
- Aktualisiert: 13 März 2024
Fair Value Gap SMC EA is an automated Expert Advisor for MT5 trading platform that basically scans the current market conditions and environment, gets un-mitigated imbalances, or so called Fair Value Gaps, draws these levels on the chart, and trades them accordingly.
For instance, it if finds a bullish FVG, it draws the box for visualization purposes, assigns it the color lime to indicate we anticipate a buy position and reversal momentum, and then if price reverts to the drawn box length, we open a Buy position, with a take profit target at the high of the box, and a stop loss level at 10 times the profit target level.
Many thanks to the developer! This is a very useful EA with great potential for further development. It identifies and visualizes RVG imbalance zones very well. It would be great to have the option to choose between using the bot in Live Run or Dry Run. In Dry Run, this EA would not trigger trades but would only visualize imbalance zones on the chart. The user would then trade based on their own strategy.