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Simple Fair Value Gaps MT4 (MT4) — review, price and free alternatives
MT4 indicatorfree on MQL5by Felix Bitum
Simple Fair Value Gaps MT4 is a free MetaTrader 4 indicator by Felix Bitum on the MQL5 Market — download it there; we host no third-party files. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you use it.
Simple Fair Value Gaps MT4 — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Indicator
- Developer
- Felix Bitum
- Price
- Free
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Simple Fair Value Gaps MT4 on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Simple Fair Value Gap MT4 Unlock the power of fair value gaps with this simple and precise, easy to use indicator designed to identify and visualize market inefficiencies.
Before you use Simple Fair Value Gaps MT4
What the developer claims
- Simple Fair Value Gap is an mt4 indicator which paints the center of a fair value gap candle with a different color.
Quoted from the listing. We have not tested these claims.
What to check first
- Where you download it. Only from its MQL5 page — copies passed around elsewhere can be altered.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Simple Fair Value Gaps MT4
Compiled from its public MQL5 listing. FxRobotEasy has not traded Simple Fair Value Gaps MT4; what these notes say about how it works comes from that listing.
Overview
This comprehensive 2026 Simple Fair Value Gaps MT4 review examines real performance and trading analysis to help you make informed decisions. Simple Fair Value Gaps MT4 by Felix Bitum represents a comprehensive automated trading solution for MT4 traders. What sets Simple Fair Value Gaps MT4 apart is its balanced approach to trade execution and capital preservation.
Risk notes
Simple Fair Value Gaps MT4 implements a moderate risk profile with configurable parameters for different trading styles. The system uses stop losses on all positions and employs dynamic position sizing based on account equity. Recommended minimum account size ensures proper risk distribution.
Listed strengths
- MT4 platform compatibility
- Developed by experienced Felix Bitum
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing Simple Fair Value Gaps MT4 on MT4 requires copying the EA file to your platform's Experts directory. After restart, attach to appropriate charts and configure risk parameters. Always backtest with historical data before live deployment.
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Simple Fair Value Gaps MT4 or Breakopedia AI?
| Simple Fair Value Gaps MT4 | Breakopedia AI | |
|---|---|---|
| How you get it | Free on MQL5 | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Felix Bitum | FxRobotEasy |
Simple Fair Value Gaps MT4 — questions
What is Simple Fair Value Gaps MT4?
Simple Fair Value Gaps MT4 is a MetaTrader 4 indicator published on the MQL5 Market by Felix Bitum, and it is listed at no charge. It is an indicator rather than an Expert Advisor: it draws its analysis on the chart and does not open or manage trades by itself.
Does Simple Fair Value Gaps MT4 work on MT4 or MT5?
Simple Fair Value Gaps MT4 runs on MetaTrader 4, not MetaTrader 5. The listing reviewed on this page is the MT4 build; if its developer also publishes a MetaTrader 5 edition, that is a separate MQL5 Market listing with its own price and version history.
Is Simple Fair Value Gaps MT4 free to download?
Yes -- Simple Fair Value Gaps MT4 is listed on the MQL5 Market at no charge, as recorded when its listing was last checked on 2026-09-29. The file is downloaded from the developer's (Felix Bitum) product page on mql5.com and installed into MetaTrader 4.
Is there a verified track record for Simple Fair Value Gaps MT4?
FxRobotEasy has not traded Simple Fair Value Gaps MT4 on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Simple Fair Value Gaps MT4 elsewhere comes from its developer or from a third party.
Similar expert advisors
Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.