Fvg Gold EA: Free MT5 Expert Advisor

Overview

Fvg Gold EA utilizes institutional trading concepts by identifying high-probability Fair Value Gaps with Order Block confluence. The system employs a scoring algorithm to evaluate trade quality based on displacement, gap size, and higher timeframe trend alignment via exponential moving averages. It executes entries using limit orders within specific London and New York session killzones. Risk is controlled through fixed or percentage-based lot sizing, automated stop losses, a fixed reward-to-risk ratio, and a daily dollar-based loss limit.

Quality-scored Fair Value Gap detection

Order Block confluence filtering

London and New York session killzones

H1 EMA trend bias filter

Daily loss limit protection

Details

Author

foeed on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

SMC / ICT / price action, Indicator crossover

Markets

Gold

Timeframes

M15-H1

Risk profile

No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.

EA files

FvgGold.mq5

Topics

algorithmic-tradingfair-value-gapforex-eagold-tradingmetatrader5mql5order-blocktrading-botxauusdbacktesting

Source

github.com/foeed/FvgGold-EA

Input parameters

Read from FvgGold.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`FVGTimeframe`	`ENUM_TIMEFRAMES`	`PERIOD_M15`	Execution / FVG detection TF
`MinGapSize`	`int`	`25`	Minimum FVG size (points)
`MaxAgeBars`	`int`	`20`	Max FVG age in bars
`MinAgeBars`	`int`	`2`	Min FVG age (bars since formation)
`FVGBuffer`	`double`	`3.0`	Buffer beyond FVG edge for SL (price units, e.g. $3.00)
`MinScoreFVG`	`double`	`50.0`	Minimum FVG quality score (0-100)
`ScoreGapWeight`	`double`	`30.0`	Score weight: gap size (0-30)
`ScoreDispWeight`	`double`	`30.0`	Score weight: displacement (0-30)
`ScoreHTFWeight`	`double`	`20.0`	Score weight: HTF alignment (0-20)
`ScoreFreshWeight`	`double`	`10.0`	Score weight: freshness (0-10)
`ScorePDWeight`	`double`	`10.0`	Score weight: premium/discount (0-10)
`UseOBFilter`	`bool`	`true`	Require Order Block confluence

Show all 37 inputs

Name	Type	Default	Description
`OB_ImpulseATR`	`double`	`1.5`	Min impulse body = ATR * this
`OB_LookbackBars`	`int`	`50`	How far back to scan for OBs
`OB_MinSize`	`double`	`10.0`	Min OB size (points)
`OB_ConfluenceBonus`	`double`	`20.0`	Score bonus for FVG+OB overlap
`OB_MaxDistance`	`double`	`200.0`	Max distance FVG-OB to count (points)
`HTF_Period`	`ENUM_TIMEFRAMES`	`PERIOD_H1`	Higher TF for bias
`EMA_Fast`	`int`	`50`	Fast EMA for trend
`EMA_Slow`	`int`	`200`	Slow EMA for trend
`FixedLot`	`double`	`0.01`	Fixed lot size (0=risk-based)
`RiskPercent`	`double`	`0.5`	Risk per trade (if FixedLot=0)
`MaxTrades`	`int`	`1`	Max concurrent trades
`DailyLossLimit`	`double`	`5.0`	Daily loss limit ($) (0=off)
`ATR_TP_Mult`	`double`	`2.0`	TP = ATR * this multiplier
`RiskRewardRatio`	`double`	`1.5`	TP = entry + SL_distance * this (fixed R:R)
`UseFixedRR`	`bool`	`true`	Use fixed R:R instead of ATR for TP
`UseKillzone`	`bool`	`true`	Enable killzone filter
`KZ_LondonStart`	`int`	`7`	London open start (GMT)
`KZ_LondonEnd`	`int`	`10`	London open end (GMT)
`KZ_OverlapStart`	`int`	`12`	London/NY overlap start (GMT)
`KZ_OverlapEnd`	`int`	`16`	London/NY overlap end (GMT)
`KZ_NYEnd`	`int`	`21`	NY session end (GMT)
`KZ_PreferOverlap`	`bool`	`false`	Only trade overlap (highest quality)
`CloseAtEOD`	`bool`	`false`	Close all at session end
`MagicNumber`	`ulong`	`7777`
`SlippagePoints`	`int`	`20`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone foeed/FvgGold-EA from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.

3Copy the filesCopy the .mq5 file into Experts.

4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.

5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.

Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.

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