Available soon
Loading product…
An MT4 expert advisor for gold (XAUUSD) that looks for fair value gaps on the M15 chart, waits for price to pull back into the gap, then enters with optional trend, RSI and ATR filters and built-in loss controls.
Get one message the moment it launches, with its price.
Shauns FVG EA is an automated trading system for MetaTrader 4 that focuses on gold. It looks for fair value gaps on the chart, waits for price to return into the gap, and only then opens a trade, rather than entering while price is moving fast.
A fair value gap is an area where price moved so quickly that it left an imbalance between candles. The EA marks these zones and watches for a pullback into them. A trade is considered only after price has come back into the gap, which is meant to reduce late, chasing entries.
The EA is built for gold (XAUUSD) and is intended for the M15 timeframe. Symbol names differ between brokers, so confirm how your broker labels gold. Spreads and execution on gold can vary a lot, which affects any short-term system, so compare conditions across brokers on a demo account.
The input list is broad. Exact default values are not given here, so review each one after attaching the EA.
| Input group | What to check |
|---|---|
| Trade direction | Buy only, sell only or both |
| Session filter | Trading hours, based on your broker's server time |
| Trend, RSI, ATR, margin | Whether each filter is on and how strict it is |
| Break-even | Trigger distance and buffer |
| Equity loss and loss pause | Drawdown limit and number of losses before a pause |
| Lot scaling | Starting lot and balance increment |
| Trade comment | Label used to track the EA in reports |
An on-chart panel shows profit for today, yesterday, the month and in total, along with the current spread, broker time, whether the EA is running or paused, and the status of the equity loss limit.
Trading carries risk, and you can lose some or all of your capital. Past results, including any backtest, do not predict future ones. Loss limits and pauses reduce exposure but cannot remove risk, especially on a volatile market such as gold. Test on a demo account first.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor, .ex4) |
| Strategy focus | Gold or XAUUSD, Signals, Trend, Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, automated trading |
| Main market | Gold, XAUUSD |
| Intended timeframe | M15 |
| Trade style | Fair value gap pullback with trend and momentum filters |
| Direction modes | Buy only, sell only or both |
| Risk controls | Break-even, max equity loss, loss pause, max open trades |
| Requirements | MT4 with automated trading enabled; a broker offering gold |
No reviews yet. Customers who own Shauns FVG EA can review it here.
No. This listing is the MetaTrader 4 build (an .ex4 file) and it will not load in MetaTrader 5. If you use MT5, look for a separate MT5 product.
It is designed for gold, XAUUSD, on the M15 chart. Your broker may name the symbol differently, for example with a suffix, so check the symbol name and test on a demo account before using it live.
Extract the download, copy the .ex4 file into the MQL4/Experts folder through File, Open Data Folder in MT4, then restart the terminal or refresh the Navigator. Drag the EA onto an XAUUSD M15 chart and make sure AutoTrading is switched on.
Yes. Inputs cover the trend, RSI, ATR and margin filters, break-even, equity loss limit, loss pause, trading hours, trade direction, lot scaling and trade comment. Check the input tab after attaching the EA, as defaults may not suit your account size or broker.
It stops the EA from trading after a drawdown you define. Setting it to 0 turns the limit off. It is a safeguard, not a guarantee against loss, so choose a value that fits your own risk tolerance.
Recommended settings and a minimum deposit are not stated here. Check the product page or the author's published instructions for any set file, and test on a demo account to find a suitable balance and lot size for your broker.
Shauns FVG EA
Notify me at launchQuestions about this tool?
Ask us on Telegram Install guide for MT4 and MT5 Get a custom version builtFree, practical help with testing, sizing and running expert advisors.
More MT4 tools with a similar focus.
Own Shauns FVG EA? Sign in to review it.