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WH Fair Value Gap EA MT5 is an expert advisor that looks for fair value gaps on the chart and places trades around them. It is built for H1 and can run on several forex pairs and gold (XAUUSD) on a hedging account.
Get one message the moment it launches, with its price.
WH Fair Value Gap EA MT5 is an automated trading tool for MetaTrader 5 that trades around fair value gaps, the price imbalances that appear when a fast move leaves a gap between the candles on either side of it. It is aimed at H1 charts on a handful of forex pairs and on gold.
A fair value gap forms when three consecutive candles move strongly in one direction and the first and third candles do not overlap. The space between them marks an area where price moved quickly and traded little. Many traders treat such areas as zones that price may revisit, which gives them a role similar to support and resistance.
The expert advisor scans the chart for these gaps on its own, follows them in real time and opens trades according to its internal rules when price interacts with a zone. The exact entry, exit and filtering logic is set by the author, so read the product page and any guide you receive, and confirm the behaviour in testing before relying on it.
Gold is more volatile than most currency pairs and its spread, lot size and tick value vary between brokers. Check your broker's contract specifications before you set a position size.
The inputs are shown in the EA properties window when you attach it to a chart. I cannot list exact default values here, so open the Inputs tab and review each field before going live. The table below shows the kinds of options to look for.
| Area | What to check |
|---|---|
| Lot size or risk | Choose a size that suits your balance and stop distance |
| Stop loss and take profit | Confirm how they are set and whether they suit each symbol |
| Trading hours | Look for any session filter and match it to your broker's server time |
| Magic number | Use different values if you run several charts |
Any automated system can lose money, and a strategy that performed well in a test can behave differently in live markets. Slippage, spread widening and swap costs all change results. Test on a demo account first and start with small sizes.
Trading carries risk, and past results do not predict future ones. Do not trade money you cannot afford to lose.
If the symbol names at your broker carry a suffix, make sure the EA is attached to the exact symbol shown in Market Watch. A VPS can help keep the EA running without interruption.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (MT5) |
| Strategy focus | Gold or XAUUSD, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Strategy | Fair value gap detection with support and resistance style entries |
| Markets | EURUSD, GBPUSD, GBPJPY, USDCAD, USDCHF, XAUUSD |
| Recommended timeframe | H1 |
| Account type | Hedging account with low spreads |
| Requirements | Algo trading enabled; a VPS is helpful for continuous running |
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The tool is designed around the H1 timeframe, so attach it to H1 charts. Other timeframes are not the intended use, and if you try them, test thoroughly in the Strategy Tester and on a demo account first.
Yes. XAUUSD is among the symbols the EA is meant for, together with several forex pairs. Gold spreads and contract specifications differ between brokers, so check yours and test before trading live.
The EA is intended for hedging accounts with low spreads. Check your account type with your broker before you buy, because behaviour on a netting account may differ.
It is described as a multi-symbol EA. The usual approach is to attach it to a separate H1 chart for each symbol you want to trade. Watch the combined exposure across all of them.
The input parameters can be adjusted in the EA properties window. Check the product page and contact the author about any manual or preset files that come with it, rather than assuming specific values.
No result can be promised. Trading carries risk, and past results, including backtests, do not predict future ones. Test on a demo account first and only risk money you can afford to lose.
WH Fair Value Gap EA MT5
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