Modification of MGL5 Fair-Value-Gap EA

Modification 2

Other alterations/notes:

1. Opening breakout range option for 15min or 30 min from session start.

2. 5 min fair value gap (FVG) break outside of the range (instead of 1 min).

1. At least one of the candles must be within the opening range (wick is fine).

3. Instead of a market order, this version places a pending order at the open of the third candle in the FVG.

4. Stop loss at the low at the first candle in the FVG pattern.

5. Option to close open orders at session end

6. Option to close pending orders at session end.

7. EA must be able to work on forex and indices (e.g. SP500, US100 or US30)

8. Direction filter yes or no. 

1. ATR value

2. Distance %

3. Rule: 

1. Longs allowed only if: Price > Daily Open by at least X% of Daily ATR(14)

2. Shorts allowed only if: Price < Daily Open by at least X% of Daily ATR(14)