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Goblin is an MT4 expert advisor that tracks fair value gaps on the 1-hour and 4-hour charts, waits for a sweep of the gap midpoint, then looks for a 1-minute gap entry with a fixed risk/reward target.
Get one message the moment it launches, with its price.
Goblin is an expert advisor for MetaTrader 4 that trades around fair value gaps, the three-candle patterns in which price moves fast enough to leave an unfilled space on the chart. It follows those gaps on the one-hour and four-hour charts and uses the one-minute chart to time entries.
The EA scans the H1 and H4 charts for valid gaps and stores a limited number of active ones for each timeframe. Gaps from the one-hour chart are given priority over those from the four-hour chart. A gap is removed once it counts as mitigated, and you choose how that is measured: by wicks or by candle bodies, and by a full fill or a fill to the midpoint.
A setup begins when price pushes through the middle level of a gap in the opposite direction, below a bullish gap for a long idea and above a bearish gap for a short idea. After that, the EA opens a short search window, counted in bars. If a matching gap forms on the one-minute chart inside that window, a trade is placed when price touches the entry boundary.
The stop loss is placed beyond the extreme of the sweep candle. The take profit is calculated from the stop distance using a risk/reward multiplier that you set. If the setup breaks down before the trade is triggered, it is marked as invalid on the chart. Only one position is open at a time.
Check the exact defaults in the input tab after loading, because they can differ between brokers and account sizes.
| Input | Purpose |
|---|---|
| Risk/reward ratio | Sets how far the take profit sits relative to the stop |
| Search window | Number of bars after a sweep in which an entry gap may form |
| Minimum loss | Optional minimum stop distance |
| Lot size | Fixed position size |
| Magic number | Identifies the EA's own trades |
| H1 and H4 display | Turns each gap timeframe on or off |
| Maximum gap count | Limits how many gaps are tracked |
| Mitigation type | Chooses wick or body, full or half fill |
Trading carries risk, and you can lose some or all of your deposit. Past results do not predict future ones. Run Goblin on a demo account first, keep the lot size modest and check spreads and stop levels with your broker.
A fixed lot size does not adapt to account balance, and a sweep setup can fail in fast or news-driven markets. Slippage and wide spreads on a one-minute entry can also change the real risk per trade.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Trend, Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Strategy style | Fair value gap sweep, trend and momentum based |
| Analysis timeframes | H1 and H4 gap detection |
| Execution chart | M1 chart for entry timing |
| Markets | Forex pairs, indices, metals and energies, if your broker offers them |
| Position handling | One open position at a time, fixed lot size |
| Requirements | Algo trading enabled; a VPS is useful for continuous running |
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This listing is for MetaTrader 4 and will not load in MetaTrader 5. If you use MT5, look for a separate MT5 product instead of copying this file across.
The logic is built around a 1-minute chart for entries, while the 1-hour and 4-hour gaps are read from higher timeframes in the background. Attach it to an M1 chart of the symbol you want to trade, and confirm this in the input descriptions after loading.
Any MT4 broker that allows expert advisors should work, but spreads, execution speed and symbol names differ. Test on a demo account with your broker first and check the minimum deposit and lot rules before going live.
Yes. The risk/reward multiplier, the entry search window, an optional minimum stop distance, the lot size and the magic number are all inputs. Review the default values in the input tab, as they may not suit your account size.
No. It is designed to hold one position at a time, which limits exposure on a single symbol, though it does not remove the risk of loss on that trade.
No. Trading carries risk, and past results, including any back-test, do not predict future ones. Test on a demo account before using real funds.
Goblin MT4
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