Fair Value Gap (FVG) SMC EA

Overview

The Fair Value Gap (FVG) SMC EA is a free Expert Advisor for MetaTrader 5 (MT5), harnessing Smart Money Concepts (SMC) to automate forex trading by targeting Fair Value Gaps. Crafted for traders of all levels, this EA detects bullish and bearish FVGs, visualizes them clearly, and executes trades with sophisticated risk management. Its core strength lies in its professional-grade SMC-based strategy, delivering high-probability trade setups in a user-friendly, cost-free package.

Features

This EA offers a cutting-edge SMC trading solution. FVG Identification: Detects bullish FVGs (low of bar 0 > high of bar 2) and bearish FVGs (low of bar 2 > high of bar 0) with a minimum gap size (default 100 points). Visualization: Renders lime-green rectangles for bullish FVGs and red for bearish FVGs, extending 10 bars by default, with automatic updates when gaps are filled. Automated Trading: Initiates buy orders below bullish FVGs and sell orders above bearish FVGs, using a 0.01 lot size, a 10:1 risk-reward ratio for stop-loss, and the opposite FVG boundary as take-profit. Risk Management: Ensures trade validity through volume, margin, and stop/freeze level checks, aligning with broker constraints. Customizable Parameters: Supports adjustments for lot size, risk-reward ratio, FVG range, bar extension, and colors, with open-source code access.

Benefits

The Fair Value Gap (FVG) SMC EA streamlines SMC trading by automating gap detection and trade execution, enhancing efficiency and accuracy. Its vibrant visualizations simplify market analysis, making it ideal for traders leveraging institutional strategies. Customizable settings and robust risk controls accommodate diverse trading styles, from scalping to swing trading. As a free tool backed by Allan Munene Mutiiria, it provides a professional, accessible solution for exploiting market gaps with confidence.

Specifications

• Type: Digital software (Expert Advisor for MetaTrader 5)
• Platform: Compatible with MetaTrader 5 (MT5)
• Language: Written in MQL5
• Version: 7.00
• Developer: Allan Munene Mutiiria - https://t.me/Forex_Algo_Trader
• Link: https://youtube.com/@ForexAlgo-Trader
• Requirements: Active MT5 platform, access to forex or market symbols
• Analysis Method: Fair Value Gaps (SMC, min 100-point gap)
• Trade Settings: 0.01 lots, 10:1 risk-reward ratio, dynamic SL/TP based on FVG boundaries
• Visualization: Lime-green (bullish) and red (bearish) rectangles, 10-bar extension
• Cost: Free, with source code available via provided link