BESTMT4EA BESTMT4EA
✓ Real Broker Statement Prop Caution ✓ No Martingale

Fair Value Gap Balanced Price Range Indicator Mt4 Mt5 Free Download EA

Better than 61% of systems on drawdown control Better than 29% of systems on track maturity
B+ 81.7/100
AI Trust

Fair Value Gap Balanced Price Range Indicator Mt4 Mt5 Free Download EA is a MT5 trend expert advisor developed by BestMT4EA Quant Lab, verified via myfxbook with +53.7% gain and 10.8% max drawdown over 216 tracked days.

Net Profit Gain
+53.7%

Turned a $1,000 deposit into $1,537 over 216 tracked days.

Max Equity Drawdown
10.8%

Worst peak-to-trough drop was $109 per $1,000 equity.

Profit Factor Edge
2.49

Generated $2.49 in gross profit for every $1.00 lost.

Monthly Return
+9.7%

Average monthly compounding rate across 216 days.

Recommended ECN Brokers → External Statement →

At-a-Glance Specifications

20 Verified Fields

System metrics verified from live trade statements and database records. Missing fields are left unlisted rather than estimated.

System Name Fair Value Gap Balanced Price Range Indicator Mt4 Mt5 Free Download EA
Developer / Author BestMT4EA Quant Lab
Execution Platform MT5 Robot
Algorithmic Strategy TREND
Verification Source MYFXBOOK
Verified Total Gain +53.7%
Monthly Growth Rate +9.7%/mo
Maximum Drawdown 10.8%
Profit Factor 2.49
Track Record Age 216 monitored days
Live Broker Verification Yes (Broker Connected)
Prop Firm Compatibility No (Requires Custom Risk Filter)
Traded Instruments EURUSD
AI Trust Score 81.7/100 (Grade B+)
License Model Free / Open Tier
Martingale Position Sizing Disabled (Linear Risk)
Grid Position Scaling Disabled
News Event Filter Disabled
Myfxbook Track ID 12455825
Last Audit Update 2026-11-06
AI Algorithmic Audit Grounded Schema Verification
AI Trust Score: 81.7/100 Grade B+

Fair Value Gap Balanced Price Range Indicator Mt4 Mt5 Free Download EA achieves an AI Trust Score of 81.7/100 (Grade B+). A MT5 trend system with a verified 53.7% gain and 10.8% max drawdown over 216 tracked days.

6 Grounded Analytical Pillars

Scoring Methodology →
Verification 25%
Live & Statement Linked
Score: 100/100
Formula Live real account verified with external link
Risk Control 25%
10.8% Max DD
Score: 73/100
Formula 100 - (DD × 2.5)
Risk-Adjusted Return 20%
10.74 Calmar (+9.7%/mo)
Score: 100/100
Formula Calmar proxy (annualized gain ÷ max DD, capped at 6.0)
Track-Record Maturity 15%
216 days
Score: 30/100
Formula 216 / 730 days (full marks at 2 years)
Edge Quality 10%
PF 2.49
Score: 100/100
Formula Normalized Profit Factor (PF 2.0 = 100, PF 1.0 = 0)
Community Adoption 5%
4.4★ (46 reviews)
Score: 81/100
Formula Rating weighted by review count (capped at 50 reviews)

✓ Cited Strengths (3)

  • • Automated 24/5 execution with rules-based entry parameters. [source: pros[]]
  • • Built-in spread and slippage filter protection. [source: pros[]]
  • • Compatible with leading ECN and raw spread brokers. [source: pros[]]

⚠ Cited Risks & Limits (2)

  • • Requires stable VPS connection for 24/5 uptime. [source: cons[]]
  • • Performance varies during major central bank news gaps. [source: cons[]]

Trading Regime Suitability

Deployment Scenario Suitability Audit Basis
Prop Firm Challenges ◐ Conditional Evaluated for prop terms (Max DD: 10.8%)
Long-Term Portfolio ✓ Suitable Standard execution model
News Event Trading ✗ Unfiltered Volatility Risk Based on news filter status
Swing vs Scalp Profile ◐ Scalping Profile Timeframe: Discretionary on EURUSD

3 Rule-Based Risk Guardrails

✓ Zero Martingale Compounding

Linear or fixed lot sizing protects equity from compounding tail risk.

✓ Third-Party Verified Track Record

Broker-connected live telemetry verified via MYFXBOOK.

✓ Controlled Drawdown Limit (10.8%)

Drawdown maintained within conservative equity risk limits.

How Fair Value Gap Balanced Price Range Indicator Mt4 Mt5 Free Download EA Works

Strategy Architecture

Fair Value Gap & Balanced Price Range Indicator MT4/MT5 FREE Download algorithmic trading expert advisor.

Standard 4-Step Verification & Deployment Protocol

Step 1: Dedicated VPS Setup

Deploy MetaTrader (MT5) on a dedicated trading VPS close to your broker execution server for sub-5ms order latency.

Step 2: Expert Advisor Installation

Copy Fair Value Gap Balanced Price Range Indicator Mt4 Mt5 Free Download EA file into the MQL Experts folder, restart MetaTrader, and allow automated live trading in options.

Step 3: Risk & Lot Configuration

Attach to EURUSD and configure conservative risk sizing (0.01 lot per $1,000 balance).

Step 4: Live Verification Monitoring

Confirm the terminal Algo Trading button is active and monitor initial trades via forward demo testing before capital scaling.

Verified Pros & Known Constraints

Pass-Through Audit

✓ Verified Strengths (4)

  • • Automated 24/5 execution with rules-based entry parameters.
  • • Built-in spread and slippage filter protection.
  • • Compatible with leading ECN and raw spread brokers.
  • • Customizable risk-per-trade controls.

⚠ Risk Factors & Limitations (2)

  • • Requires stable VPS connection for 24/5 uptime.
  • • Performance varies during major central bank news gaps.

Frequently Asked Questions

Rule-Based Q&A
Is Fair Value Gap Balanced Price Range Indicator Mt4 Mt5 Free Download EA prop-firm safe? ▼

Fair Value Gap Balanced Price Range Indicator Mt4 Mt5 Free Download EA is not recommended for prop firm challenges without custom risk limiting, as its historical drawdown of 10.8% may breach standard daily or maximum loss limits.

What timeframe does Fair Value Gap Balanced Price Range Indicator Mt4 Mt5 Free Download EA work best on? ▼

Fair Value Gap Balanced Price Range Indicator Mt4 Mt5 Free Download EA operates on EURUSD, typically evaluated across M5, M15, or H1 charts depending on your broker spread and latency profile.

Does Fair Value Gap Balanced Price Range Indicator Mt4 Mt5 Free Download EA use high-risk martingale or grid sizing? ▼

Fair Value Gap Balanced Price Range Indicator Mt4 Mt5 Free Download EA utilizes fixed or linear risk allocation with zero martingale multiplier, keeping risk per trade consistent.

How is the performance of Fair Value Gap Balanced Price Range Indicator Mt4 Mt5 Free Download EA verified? ▼

The track record of Fair Value Gap Balanced Price Range Indicator Mt4 Mt5 Free Download EA is verified on a live broker account via MYFXBOOK, reporting 53.7% total gain over 216 days.

Guides for Fair Value Gap Balanced Price Range Indicator Mt4 Mt5 Free Download EA & TREND Trading

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Quantitative research team auditing algorithmic trading systems across Myfxbook, MQL5 Market, and TradingView.

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EA figures come from third-party Myfxbook accounts, and a demo account is labelled as one. Past performance is not a guide to future results. Forex and CFD trading carries a high risk of losing your capital, and results differ by broker and account. Not financial advice.

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The highlighted figure in a row is the best value in that row. It is not a recommendation: read the drawdown beside the gain. Past performance is not indicative of future results. Trading forex and CFDs carries a high level of risk and can result in the loss of all of your capital. The results shown are specific to the broker, account type and settings used on the tracked account and will differ elsewhere. Nothing on this site is financial advice.