Explore the latest free tools from the MQL5 community. Here's a new indicator, expert advisor, or script for MetaTrader.
Important Notice
- SB1 (3-4am GMT): Sydney Session High or Low
- SB2 (10-11am GMT): Tokyo Session High or Low
- SB3 (2-3pm GMT): London Session High or Low
- Intelligent selection (high if price below, low if price above)
Stop Loss Implementation:
- Placed below FVG bottom (for buys) or above FVG top (for sells)
- Configurable buffer in points (default 5 points)
- Protects against adverse moves
- Loss threshold still applies in dollar terms
One-Trade-Per-Window Rule:
- Each Silver Bullet window can have maximum one active trade
- Once window's trade is filled, no new trades in that window
- Window becomes available when trade is closed
- Prevents over-trading within sessions
Input Parameters:
- Silver Bullet sub-mode toggle (fixed vs DOL)
- Stop loss buffer points
- DOL target percentage
- Minimum DOL distance
- Session-specific window toggles
- All standard FVG and filter settings
Improvements:
- More disciplined trade management
- Better risk control with SL buffers
- Clearer session targeting
- Prevents window over-trading
- Flexible profit target methods
- Better logging and status tracking
Magic Numbers:
- Silver Bullet: 1004
- Simple Mode: 1005
Common Features Across All Versions
FVG Detection
- Detects three-candle Fair Value Gaps
- Configurable minimum gap size
- Optional accuracy mode using lower timeframe
- Visual plotting of FVG dots
- Encroachment point calculation (mid-point of gap)
- Reset detection for inverse candles
Entry Logic
- Core rule: Close above ENC = BUY, Close below ENC = SELL
- Optional filters (minimum gap size, trend alignment)
- FVG type validation
- Encroachment confirmation
Position Management
- Dollar-based profit targets
- Dollar-based loss thresholds
- Trade tracking with FVG association
- Proper position closure handling
- Error handling and logging
Visual Elements
- FVG formation dots (green for bullish, red for bearish)
- Encroachment dots (orange for bullish bias, blue for bearish bias)
- Optional liquidity level lines (v1.00, v1.02-v1.04)
Technical Specifications
Library Dependencies
- FVGLibrary.mqh: Required for all versions
- LiquidityLibrary.mqh: Required for v1.00, v1.02, v1.03, v1.04
Compatibility
- Platform: MetaTrader 5
- Language: MQL5
- Minimum Build: Recent MT5 versions with updated MQL5 syntax
Performance Notes
- Not optimized for speed
- Suitable for experimentation and learning
- May generate volume or margin errors in testing
- Code prioritizes readability over efficiency
Usage Recommendations
- Start with v1.01 for understanding basic encroachment logic
- Use v1.04 for production testing with enhanced features
- Adjust lot sizes conservatively
- Monitor margin requirements in testing
- Review logs to understand trade decisions
Known Limitations
General
- Volume errors may occur during testing
- Margin errors possible with certain broker configurations
- Not optimized for high-frequency trading
- Requires proper FVG and Liquidity library setup
Version-Specific
- v1.00: Liquidity mode non-functional, immediate closures
- v1.02: Confusing mode selection, time zone issues
- All versions: Public test code may show errors (adds personality)
Future Development Ideas
- Implement risk-based position sizing
- Add session volatility adjustments
- Create composite liquidity targeting
- Develop multi-timeframe FVG confirmation
- Add correlation filters
- Implement partial profit strategies
- Create backtesting optimization tools
Disclaimer
This Expert Advisor series is provided for educational and experimental purposes only. The author makes no guarantees about profitability or performance. Trading involves substantial risk of loss. Always test thoroughly on demo accounts before considering live trading.
The code represents experimental work and learning exercises. Use at your own risk.
Version Summary Table
| Version | Key Feature | Trading Modes | Status |
|---|---|---|---|
| v1.00 | Dual mode with volatility sizing | Encroachment + Liquidity Scalp | Broken |
| v1.01 | Simplified single mode | Encroachment only | Working |
| v1.02 | Silver Bullet introduction | SB + Simple (enum) | Functional |
| v1.03 | Parallel mode execution | SB + Simple (both) | Improved |
| v1.04 | Session-specific targeting | SB (sub-modes) + Simple | Refined |
Contact & Contributions
This code is open for community use and improvement. Feel free to:
- Modify and enhance the code
- Share improvements with the community
- Report bugs or issues
- Suggest new features or modes
Created by: loki Series: Playground EA (Experimental FVG & Liquidity Testing)
End of Documentation
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