SMC Series on Fair Value Gap 外汇EA

This is the second series of SMC series that focuses on Multi Timeframe (mtf) Fair Value Gap. You can get all this series for free if you purchase our SR Imbalance Scalping Indicator at https://www.mql5.com/en/market/product/66401?source=Site+Profile+Seller. The difference is only that the free version will need the indicator previously attached to run the EA.

Market is very dynamic, both manual trading and automatic trading has their own strengths and weaknesses. I believe you know about it already. To win this market you have to stay on your strategy that you believe in and be consistent with it. When you win you need to extend your winning as big as you can until it reaches your tp with less hesitation, when you lose you lose with your calculated amount. In the end your winning will cover all your losses with the profit. This truly applies on SMC other strategy with low winning rate but high return when it hits right.

This EA studies on our custom selected Fair Value Gap / Imbalance, opens the trade and manages the trade to the above purposes. You can choose different timeframe than your current chart and treat it as your second timeframe and trade is based on that second timeframe. You won’t see the Fair Value Gap on chart as it is algorithmically calculated. Use default setting running on H1 above pair. 

Inside the settings :

– Number of Candles Analyzed

– Time frame chosen.

– FVG Zone :

  – Apply Min Max Zone

  – Minimum Zone Width

  – Max Zone Width

  – Apply Premium Zone Only

  – Apply Follow Trend

  – Number of Candles For Trend

– Basic Trade Setup : 

  – Fixed Lot Size

  – Auto Lot Size

  – Risk Per Trade

  – TP Method Options : Fixed TP, TP by Risk Reward, and Opposite Zone

  – Fixed TP in points

  – Reward Risk Ratio

– Apply Prop Firm Challenge Like Limitation

  – Challenge Amount

  – Percent Max Daily

  – Percent Max Loss

– Open Trade Options :

  – Apply Partial Close. 

  – Percent Distance for TP1

  – Percent Distance for TP2

  – Percent Close for TP1

  – Percent Close for TP2

  – Apply Trailing Stop Loss. Default is false. 

  – ATR Period

  – ATR Multiplier

– Grid & Trade Limitation ( just in case you want to exercise on this)

  – Max Pair

  – Apply Grid

  – Max Grid

  – Grid Pair Risk Percent

  – Grid Pair RR Target 

  – Number of Grid per ADR

  – Apply Martingale

  – Martingale Multiplier

– Magic Number

Note : 

– Run it on demo account first for few months before you are comfortable running it on live account.