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FairPrice

Overview

You know how you always hear that it is very hard to make a mechanical algorithm for consistent profits? I am here to tell you that it is hard but the best thing you could do is rely on the setups with the highest probabilities. I am here to transcribe hand trading algorithms into expert advisors. This algorithm relies on Fair Value Gaps to make profits. THE DEFAULT INPUTS ARE SET FOR XAUUSD 5M TIMEFRAME.

Optimal Pairs

XAUUSD, XAUAUD, XAUGBP, XAUSGD

Optimal time frames

1M, 5M, 15M, 30M

Features of Algorithm

This algorithm allows you to choose your own risk management by asking for a risk-to-reward, how much you are willing to risk per trade, how long until the order expires and even the amount of points you want to win per trade.

UPDATE: Added trailing stoploss

Other Details

I recommend optimizing the algorithm for the pair you want to trade before using it or email me at Pentaflouride@proton.me. In general, the algorithm works better on lower time frames such as the 5 and 15 minute time frames. If there are any problems and you need set files you can email me and I will get back to you. I already have ideas to improve this algorithm so stay tuned!



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Version 1.11 2025.02.19
Added better default values
Version 1.10 2025.02.19
Added extra functionalities