FVG (Fair Value Gaps) Strategy + Grid (Made with AlgoBuilderX)

// This cBot was created with AlgoBuilderX
//
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This cBot is an example, made for demonstration purposes using AlgoBuilderX and works only on demo accounts.

Strategy: This strategy draws two horizontal lines when a Fair Value Gaps / Imbalance occurs.
When price fills the imbalance and touches the darker line, a position is opened based on the current trend.

Then, when the position is open, it is managed with the Grid strategy. An Equity Stop Loss can also be set for proper risk management.

Parameters:

Backtest example:

AlgoBuilderX Project:

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Important Note:
This cBot is a demonstration example created with AlgoBuilderX and is not optimized for live use. It is designed to illustrate the functionality of AlgoBuilderX and serve as a starting point for creating custom strategies. It is recommended that you carefully test and optimize any strategy before implementing it on a real trading account.