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my brother from Jannah, great job
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Thanks a lot
指定
Trading Guidelines for the Fair Value Gap (FVG TRADER) Expert Advisor
Firstly, we must identify the optimal FVG (Fair Value Gap). This involves focusing on specific market time frames, all referenced in New York time.
1. The Asian session's active period starts from 8 PM NY time and concludes at 00:00 NY time.
2. The London session's active period begins at 2 AM NY time and concludes at 5 AM NY time.
3. The New York session's active period starts at 9:30 AM NY time and ends at 11:00 AM.
Our focus is solely on the FVG within these three session-based Killzones.
For a bullish FVG:
- We consider 3 consecutive candles.
- The middle candle (candle 2) is always bullish, defining the bull FVG.
- Candle 1's high sets the FVG's low, and candle 3's low defines the FVG's high.
To initiate a buy:
- Place a buy stop at the close of candle 2, after a candle has interacted with the bull FVG.
- Determine risk based on a percentage and set the stop at the exact low of the FVG.
Take Profit (TP) options:
- TP is set at 1 to 1 or equal to the stop loss pip amount.
- You have the option to double or triple TP, up to 10 times.
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