🧩 What is WH Fair Value Gap EA MT5?
WH Fair Value Gap EA MT5 is an advanced algorithmic trading Expert Advisor (EA) designed to trade Fair Value Gaps (FVG) using institutional-style price imbalance concepts. The EA combines ATR-based gap validation, noise filtering, EMA trend confirmation, and strict risk management to identify high-probability entries across multiple market conditions.
🔧 General Trading Settings
| Parameter | Value | Explanation |
|---|---|---|
| Preset Mode | Preset 1 | Uses predefined optimized parameter set |
| Symbol(s) | CURRENT | Trades only the current chart symbol |
| Timeframe | Current | Automatically uses chart timeframe |
| Entry Start Time | 02 | Trading starts at server hour 02 |
| Entry End Time | 21 | Trading stops at server hour 21 |
➡️ Insight: The EA avoids low-liquidity sessions and focuses on active market hours, improving execution quality.
📉 Fair Value Gap (FVG) Detection Logic
| Parameter | Value | Purpose |
|---|---|---|
| FVG Gap Range Type | Include | Uses both bullish and bearish FVGs |
| Minimum FVG Gap (ATR-based) | 0.3 | Filters out weak gaps |
| Maximum FVG Gap (ATR-based) | 4.1 | Avoids overly large, risky gaps |
➡️ Why this matters: ATR-based FVG sizing adapts automatically to volatility, making the EA robust across different instruments and market regimes.
🔊 Noise & Market Quality Filters
| Parameter | Value | Description |
|---|---|---|
| Noise Range Type | Include | Applies noise filtering |
| Minimum Noise Filter | 1.0 | Excludes low-quality price action |
| Maximum Noise Filter | 6.6 | Prevents over-volatile conditions |
➡️ These filters ensure the EA trades clean price imbalances, not random market noise.
📈 Trend Confirmation (MA Filter)
| Parameter | Value | Explanation |
|---|---|---|
| MA Filter Type | EMA | Faster response to price changes |
| MA Filter Period | 160 | Long-term trend confirmation |
➡️ Trading logic: Only FVGs aligned with the dominant EMA trend are traded, significantly reducing false signals.
🎨 Visual Customization
| Feature | Setting |
|---|---|
| Bearish Arrow Color | Red |
| Bullish Arrow Color | Blue |
| Bearish FVG Color | Red |
| Bullish FVG Color | BlueViolet |
| Show Bearish FVG Fill | true |
| Show Bullish FVG Fill | true |
➡️ These visual tools help traders manually validate EA logic directly on the chart.
⚙️ Core EA Execution Settings
| Parameter | Value | Description |
|---|---|---|
| Magic Number | 709802 | Unique trade identifier |
| Show Trade Levels | true | Displays SL/TP visually |
| Show Trade Prices | false | Cleaner chart view |
| Show Trade Pips | false | Minimalist display |
| Trade Bar Delay | 10 | Prevents instant re-entries |
💰 Risk & Position Management
| Parameter | Value | Explanation |
|---|---|---|
| Lot Size | 0.2 | Fixed lot trading |
| Lot Based on Equity | false | Balance-based logic |
| Account Balance (Reference) | 10,000 | |
| Risk per Position (%) | 1.0 | Conservative risk |
| Number of Positions | Two Positions | Partial position scaling |
| Friday Trading | true | Trades allowed on Fridays |
➡️ Key advantage: The EA supports multi-position scaling, allowing partial profits and extended runners.
🎯 Stop Loss & Take Profit (ATR-Based)
| Parameter | Value | Meaning |
|---|---|---|
| Stop Loss (ATR Multiplier) | 2.0 | Adaptive risk control |
| Target 1 (ATR Multiplier) | 2.0 | Conservative first target |
| Target 2 (ATR Multiplier) | 4.0 | Extended profit target |
➡️ This creates a balanced risk-to-reward structure, ideal for institutional-style setups.
🔄 Trailing Stop Configuration
| Parameter | Value |
|---|---|
| Use Trailing | true |
| Trailing Step | 15 |
Trailing activates after price moves favorably, locking in profits while allowing trend continuation.
🔔 Alert & Notification System
| Alert Type | Enabled |
|---|---|
| Alert on New FVG | true |
| Alert on New Signal | true |
| Platform Alerts | true |
| Push Notifications | true |
| Email Alerts | true |
➡️ This makes WH Fair Value Gap EA suitable for semi-automated and monitoring-based trading.
📊 Strategy Profile Summary
WH Fair Value Gap EA MT5 combines:
- Institutional Fair Value Gap logic
- ATR-based dynamic filtering
- EMA trend alignment
- Multi-target trade management
- Strong noise and volatility control
- Full alert and visualization system
✅ Conclusion
WH Fair Value Gap EA MT5 is a high-quality institutional trading robot designed for traders who follow Smart Money Concepts (SMC) and price imbalance strategies. Its adaptive ATR logic, EMA trend filter, and noise controls make it well-suited for volatile markets while maintaining disciplined risk management.
Best suited for:
- Traders using Fair Value Gap strategies
- Medium to large MT5 accounts
- Swing and intraday trading
- Traders seeking institutional-style confirmation
Final Verdict:
WH Fair Value Gap EA MT5 delivers a robust, professional-grade approach to automated FVG trading, combining precision entries with intelligent risk and trade management.
For optimal performance, traders should backtest the EA per symbol and timeframe, especially when adjusting ATR multipliers or noise filters.
