Fvg Hunter
How Fvg Hunter Works?
Fvg Hunter is designed to capitalize on pivot points and Fair Value Gaps (FVGs) in trading charts. Pivot points are key price levels that indicate potential market turning points. Fvg Hunter identifies these points first, marking them on the chart for reference. When the price interacts with these pivot points, it signals the possibility of a market move.
Next, Fvg Hunter looks for an FVG, which is a pattern of three candles where the wicks of the first and third candles do not overlap. This gap suggests an imbalance in market pricing, indicating a trading opportunity.
How FVG Hunter Opens a Position?
Once an FVG is identified and confirmed to be within the current trading range, Fvg Hunter evaluates its size based on predefined criteria, ensuring it meets a minimum tick size. If the conditions align with user configurations, the tool will execute a long or short position through traderspost.io, which integrates with Tradovate. This seamless integration allows for precise and timely order execution.
Features
Trailing Stop Loss
This feature adjusts the stop loss level as the market moves in favor of the trade, protecting gains.
Time Blocks
Users can block out specific time periods to avoid trading during events like major news releases.
Stop Loss Configuration
Set stop losses based on previous pivot highs or lows for strategic risk management.
Minimum Tick Size
Only engage with FVGs that meet a specified minimum size, ensuring trades are based on significant market movements.
