FVG Pro Scalper

Utilizing the latest in market analysis technology, this robot employs the Fair Value Gap (FVG) strategy, an innovative method that identifies optimal areas in the market for buying and selling. you can either just get signal or also trade with it.

Features:

•  Non-repainting, non-redrawing and non-lagging indicators
•  Free
•  News Filter
•  Drawdown Monitor System
•  Clear Presentation of the FVG and other components
•  FVG Strategy
•  True SMC Components
•  Day and swing trading
•  Trend following, reversal and scalping strategies
•  Custom strategies
•  Prop firm strategies
•  Market Session Indicator
•  Previous Day High/Low Indicator
•  Previous Week High/Low Indicator
•  MTF analysis
•  Support and resistance

Now, Lets understand the Major FVG components and how they can help to trade.

1. BOS (Buyer/Seller Imbalance):

   • BOS, or Buyer/Seller Imbalance, is a key component that highlights the prevailing market sentiment. It identifies whether buyers or sellers have the upper hand, providing crucial insights into potential price movement. Understanding the imbalance helps traders anticipate market direction, enabling them to align their strategies with the prevailing sentiment and make more informed trading decisions.

2. Identifies The FVG.

   • Identifying a FVG is a huge task for human looking deep into the screen and trying to find gap between 1st and 3rd candle. But with help of computer you can do it in a glance. After identifying you have the option to either only get signal or trade with it.

3. Market Swings:

   •  Market Swings are key turning points in price action. They highlight areas where the market has exhibited significant reversals or momentum shifts. Recognizing Market Swings helps traders identify potential entry and exit points. Utilizing this information aids in setting realistic profit targets and stop-loss levels.

4. Major Liquidity Levels:

• Asian Session High/Low

• London Session High/Low

• New York Session High/Low

• Previous Day, Week, Month High/Low

• Traders can use these levels as reference points for potential support and resistance. Understanding where major liquidity resides enhances decision-making and risk management.

Input Parameters:

General Inputs

• isTradingAllowed: Enables or disables trading. (Default: false )
• slInPips: Stop loss in pips. (Default: 20 )
• tpInPips: Take profit in pips. (Default: 5 )

Lot and Risk Management

• useFixLot: Enables the use of a fixed lot size. (Default: false )
• fixLots: Specifies the fixed lot size to use. (Default: 0.5 )
• useAutomaticLot: Enables the use of automatic lot sizing based on risk percentage. (Default: true )
• riskPercentage: Sets the risk percentage for automatic lot sizing. (Default: 1 )

Drawdown Monitor Settings

• monitorDrawdown: Enables monitoring of drawdown. (Default: false )
• MaxAllowedDrawnDownPercent: Maximum allowed drawdown percentage in a day by equity. (Default: 10 )

News Settings

• minutesToStopTradeingBeforeNews: Specifies the number of minutes to stop trading before and after news events. (Default: 5 )
• comment1: Custom comment for tracking news events. (Default: "Tracking All Major News" )

Market Session Settings

• drawSessionHighLow: Enables the drawing of session high and low on the chart. (Default: true )
• drawSessionColours: Enables the use of distinct colors for different trading sessions on the chart. (Default: true )