KS Fair Value Gap EA with Regime Detection and Dual SL/TP Modes
Info
The KS Fair Value Gap EA with Regime Detection and Dual SL/TP Modes is a Expert Advisor for MetaTrader 5 that ks 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 STRATEGYDetects bullish and bearish 3-bar FVG patterns and enters when price pulls back into the unfilled zone.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use KS Fair Value Gap EA with Regime Detection and Dual SL/TP Modes
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.
What this tool does
KS 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.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Exp Trend Value - another powerful expert for MetaTrader 5 traders.
KS 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.Also recommended: Display open positions total stoploss and takeprofit value MT5 - similar expert with strong performance on MetaTrader 5.
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
You may also like: Exp Brain Trend2 Absolutely No Lag Lwma - excellent alternative for expert users on MetaTrader 5.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.