Fair Value Gap strategyvsPrior Period Levels strategy
Fair Value Gap strategy: Buy the imbalance bar of a fresh bullish FVG; short the mirror. Exit when the gap fills. · Prior Period Levels strategy: PDH / PDL breakouts — long above the prior day high, short below the prior day low.
Fair Value Gap strategy
Buy the imbalance bar of a fresh bullish FVG; short the mirror. Exit when the gap fills.
Prior Period Levels strategy
PDH / PDL breakouts — long above the prior day high, short below the prior day low.
Indicators
- Fair Value Gap (min gap 0.1%)
- Prior Period Levels (daily / weekly / monthly)
- SMA(1) close wrapper
Timeframes
Bias
Long & short
Long & short
Market fit
Range-bound
Strong directional trends
Entry rules
- Long on the bar a bullish FVG opens (bull_signal > 0).
- Short on a bearish FVG.
- Long when close crosses above the prior day's high.
- Short when close crosses below the prior day's low.
Exit rules
- Position closes the bar the gap is filled (rebalanced).
- 4% trailing stop, 3-bar cooldown.
- Opposite-side breakout closes the trade.
- 4% trailing stop, 2-bar cooldown.
Expected behavior
Momentum-into-imbalance — fires on explosive bars, exits when the imbalance reverts. Equity curve is choppy with frequent small trades; works best when price respects imbalances and gives the bot a chance to ride the displacement.
Intraday classic — fires on the first decisive break of yesterday's range. Strong in trend days, choppy when price oscillates around the PDH/PDL.
Complexity
Which one is right for you?
Derived from the bias, timeframe and indicator profile of each strategy — not a back-test forecast.
When to pick Fair Value Gap strategy
- You expect range-bound — the thesis is "Buy the imbalance bar of a fresh bullish FVG; short the mirror. Exit when the gap fills."
- You want a long & short bot on 5m–4h candles with a balanced rule-set.
- You're comfortable monitoring 1 indicator (Fair Value Gap (min gap 0.1%)).
Buy the imbalance bar of a fresh bullish FVG; short the mirror. Exit when the gap fills.
When to pick Prior Period Levels strategy
- You expect strong directional trends — the thesis is "PDH / PDL breakouts — long above the prior day high, short below the prior day low."
- You want a long & short bot on 15m–4h candles with a balanced rule-set.
- You're comfortable monitoring 2 indicators (Prior Period Levels (daily / weekly / monthly), SMA(1) close wrapper).
PDH / PDL breakouts — long above the prior day high, short below the prior day low.
Fair Value Gap strategy
Buy the imbalance bar of a fresh bullish FVG; short the mirror. Exit when the gap fills.
Prior Period Levels strategy
PDH / PDL breakouts — long above the prior day high, short below the prior day low.
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