KS Q Fair Value Gap EA FV G with Regime Detection and Dual SL TP Mode
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use KS Q Fair Value Gap EA FV G with Regime Detection and Dual SL TP Mode
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
KSQ Fair Value Gap EA is a fully automated Expert Advisor that
trades institutional Fair Value Gaps (FVGs) with built-in regime
detection to avoid low-quality setups in ranging markets.
━━━ CORE STRATEGY ━━━
Detects bullish and bearish 3-bar FVG patterns and enters when
price pulls back into the unfilled zone. Each FVG is tracked
individually — once traded, it will not fire again.
━━━ REGIME DETECTION ━━━
- EMA Filter — Higher timeframe EMA50/EMA200 bias (configurable TF)
- ADX Filter — Minimum trend strength + DI+/DI- directional check
- Combined Mode — Both conditions must align for a valid signal
- Off Mode — Trade all FVGs without restriction
━━━ STOP LOSS & TAKE PROFIT ━━━
Both SL and TP support two independent modes:
- ATR-Based — Multiplier × ATR for dynamic volatility-adjusted levels
- Fixed Points — Set exact point distance for consistent sizing
━━━ LOT SIZING ━━━
- Fixed Lot — Consistent lot size every trade
- Risk-Based — Auto-calculates lot size from account % risk per trade
━━━ TRADE MANAGEMENT ━━━
- Partial close at mid-TP or configurable R:R level
- ATR or points-based trailing stop
- Max simultaneous trades cap
━━━ RISK PROTECTION ━━━
- Daily drawdown kill switch (%)
- Total drawdown kill switch (%)
- Session time filter (hour-based)
- Push notification and alert support
