London AVWAP Reversion
- Uzmanlar
- Sürüm: 1.21
- Etkinleştirmeler: 5
London AVWAP Reversion — trade like the institutions.
Institutional traders don't chase price. They buy CHEAP below fair value and sell EXPENSIVE above it. This EA automates exactly that, with TWO institutional references working together:
1. THE 2AM BENCH (context / bias)
At 02:00 London — deep in the Asian session — the EA freezes the overnight equilibrium price (HLC3 of the 2am M5 candle). Price accepted ABOVE the bench = bullish context (buys only). Price accepted BELOW = bearish context (sells only). No trades against the institutional context.
2. THE 9AM ANCHORED VWAP (location / trigger)
At 09:00 London the EA starts building the session VWAP (volume-weighted average price), the benchmark institutions use all day. When price stretches too far from the VWAP (configurable distance in ATR):
- BUY below the VWAP (cheap) → target: the VWAP
- SELL above the VWAP (expensive) → target: the VWAP
Every trade carries its own stop-loss. No martingale, no grid, no hedging — one clean position at a time.
WHAT YOU SEE ON THE CHART
- Live dashboard: London clock, VWAP value, 2am bench value, distance in ATR, EA status and today's trade count.
- The session VWAP drawn as a gold line, updated every bar.
- The 2am bench drawn as a dashed steel-blue line.
- Buy/sell arrows marking every entry.
RISK CONTROL (pure intraday — nothing held overnight)
- One position at a time, max trades per day (default 2).
- Automatic end-of-day close (default 21:00 London).
- Fixed lot or % risk position sizing.
- Spread filter and slippage control.
SMART TIME HANDLING
- Automatic London time with daylight-saving adjustment.
- Works on ANY broker server time — no manual GMT offset needed.
RECOMMENDED
- Symbols: EURUSD, GBPUSD (works on any symbol)
- Timeframes: M5, M15
- Always backtest on your broker's data before going live.
INPUTS (all configurable)
- 2am bench on/off and bench hour (London)
- VWAP anchor hour (London), entry distance in ATR, ATR period
- Stop-loss: pips or ATR (buyer's choice, default 20 pips)
- Take-profit: at the VWAP, fixed pips (default 30) or ATR multiple
- Max trades per day, end-of-day close hour (London)
- Max spread, fixed lot / risk %, magic number, slippage
- Show/hide the on-chart panel
Version 1.21 — clean MQL5, no DLLs, built to pass Market validation.
Risk disclaimer: trading foreign exchange carries risk. Past performance in backtests does not guarantee future results.
