val_fvg_mt5_ea

val_fvg_mt5_ea

This Expert Advisor (EA) is built around the SequenceFVG indicator to identify high-probability trade zones based on value areas and fair value gaps (FVGs). The strategy uses two key zones—Undervalued and Overvalued—to determine directional bias and entry conditions.

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🧭 Value Areas from SequenceFVG

The EA dynamically uses values from the SequenceFVG indicator:

• VAL (Value Area Low): Lower bound of the perceived value range.
• VAH (Value Area High): Upper bound of the perceived value range.
• Absolute Low: Lowest price within the analyzed session or indicator-defined range.
• Absolute High: Highest price within the analyzed session or indicator-defined range.

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🔍 Entry Conditions

🟩 Undervalued Zone (Buy-Only Area)

Condition: Price closes below VAL and inside the undervalued range (VAL to Absolute Low). Confirmation: At least one Fair Value Gap (FVG) formed today overlaps the undervalued zone. Action: → Enter Long (Buy) position.

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🟥 Overvalued Zone (Sell-Only Area)

Condition: Price closes above VAH and inside the overvalued range (VAH to Absolute High). Confirmation: At least one Fair Value Gap (FVG) formed today overlaps the overvalued zone. Action: → Enter Short (Sell) position.

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🎯 Take Profit (TP) Options

1. Zone-Based TP

   • Long trades: TP at VAH
   • Short trades: TP at VAL

2. Risk-to-Reward TP

   • TP is calculated based on user-defined risk-to-reward ratio (e.g., 1:2, 1:3)

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🛡️ Stop Loss (SL) Options

1. Zone-Based SL

   • Longs (Undervalued): SL at Absolute Low
   • Shorts (Overvalued): SL at Absolute High

2. FVG-Based SL

   • Based on high/low of the third candle in the FVG formation, plus optional buffer.

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📊 Lot Management

• Fixed Lot: User defines a constant lot size.
• Risk-Based Lot: EA calculates lot size based on account balance and stop-loss distance.

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⚙️ Additional Features

• Time Filter: Restricts trading to specific hours or sessions.

• Daily Trade Limit: Choose between:

  • Only 1 Buy and 1 Sell per day
  • Or only 1 Trade total per day