Strategy template · early access
Silver bullet strategy, automated
A fair value gap forms in the 10:00 to 11:00 New York window; the first candle back into it before 11:00 is the signal. The bot runs it on real candles, draws each signal and posts it to your Telegram channel, built with you in early access.
What the silver bullet is
The silver bullet is a fair value gap strategy that works inside one hour. Instead of watching every gap all day, the trader waits for a set window, most often 10:00 to 11:00 New York, and takes only a gap that forms in it and is retraced before it closes. The hour is chosen because it follows the US data releases and the stock market open, when gold and the dollar pairs tend to move.
It is a time filter laid over the three-candle gap, which makes it simple to automate: a clock, a gap of a set size, and the first candle to return into it. The rules leave no room for a second look, so a bot applies them the same way every day.
The bot's rules
- The window is 10:00 to 11:00 New York. A gap counts if its third 5-minute candle closes inside the window: three candles where the third one's low is above the first one's high (a buy), or its high below the first one's low (a sell), at least 0.25 times the ATR(14) tall.
- Buy at the close of the first later candle whose low reaches the gap's top and which closes above its bottom (a sell mirrors it). That candle must close before 11:00; if a candle closes through the gap first, it is void.
- Stop beyond the three candles that made the gap, plus 0.1 times the ATR(14). Targets at 1, 2, 3 times the stop distance.
- One signal per window: the first.
Which version. The New York morning window, as it is usually taught: a 5-minute fair value gap whose third candle closes between 10:00 and 11:00 New York, entry on the first retrace into it before 11:00, one trade a window.
The settings
The defaults the example was found with. Each one is a setting, not a rewrite.
| Setting | Default | What you can change |
|---|---|---|
| Market | XAUUSD | Gold or any of the seven US-dollar majors; other markets need a price feed first. |
| Candles | 5 minutes | The gap is found and retraced on these. |
| Window starts | 10:00 New York | The 10:00 to 11:00 window is the default. The 03:00 to 04:00 and 14:00 to 15:00 New York windows are a setting away. |
| Window ends | 11:00 New York | The retrace must close before this. Some traders use a longer window. |
| Smallest gap | 0.25 × ATR(14) | A gap under this size is ignored. |
| Stop buffer | 0.1 × ATR(14) | Added beyond the three candles that made the gap. |
| Targets | 1, 2, 3 × the stop | Or the window's high and low. |
The example, as the bot would post it
The signal in the chart above: found by the template's code on XAUUSD 5 min candles at . Its levels, and the message the bot would send with the chart:
- Entry4000.90
- Stop4014.45 · 14 pips
- TP13987.35 · +14 pips
- TP23973.81 · +27 pips
- TP33960.26 · +41 pips
🔴 SELL XAUUSD · Silver bullet Entry: 4000.90 (market) Stop: 4014.45 (14 pips) TP1: 3987.35 (+14 pips) TP2: 3973.81 (+27 pips) TP3: 3960.26 (+41 pips) A gap formed in the 10:00 to 11:00 New York window and price came back into it. Stop beyond the three candles that made it; targets at 1, 2, 3 times the stop. Not financial advice. Trade at your own risk.
The same signal in another of the bot's chart templates, Daylight, with a space for your logo:
How often it fires
Signals the template's code found with the defaults over the last twelve months of candles. A count of signals, not of wins: we publish no results for templates.
- Gold (XAUUSD)
- 11.9signals a month: 143 from 2025-10-23 to 2026-10-23
- EURUSD
- 12.1signals a month: 145 from 2025-10-23 to 2026-10-23
Automation, not an edge. A template does the work of watching the chart, finding the setup and posting it. It does not make the strategy win. Before it goes live in your channel we run it over past candles on your markets and show you every signal it would have sent, losses included, privately.
What can be changed
- The rules: every setting above, and any filter or confirmation you can write down.
- The markets: gold and the seven US-dollar majors, one or all of them.
- The chart: your logo where the placeholder is, a chart template in your colours, and the marks your method uses.
- The channels: every signal to a paid channel and a paced share to a free one, the way our own channels run.
Or bring a strategy that is not here: every template started as rules someone wrote down.
Questions
Which window does it use?
The 10:00 to 11:00 New York window is the version most often taught, and it is the default here. The 03:00 to 04:00 and 14:00 to 15:00 New York windows are also taught, and are a setting away.
What if the gap is not retraced before the window ends?
Then there is no signal. The first candle back into the gap must close before the window ends, and a candle that closes through the gap first voids it. Some days have no setup at all, and the bot sends nothing.
How is it different from a plain fair value gap?
Two things: the gap must form inside the window, and the retrace must come inside it too. It takes only the first signal of the window, so it sends at most one a day. The gap itself is found the same way, on 5-minute candles.
Does the bot place trades?
No. It finds the setup, draws the chart, posts the signal to your Telegram channel and follows it with a reply at each target and at the stop. It does not connect to a broker or trade any account.
Can I change the rules?
Yes. Every setting in the table above is yours to change, and so is anything else that can be written down: a filter, a session, a second confirmation, a different stop. If a step is a judgement call, we work out with you how to write it as a rule.
Will it make money?
We do not say it will, for this template or any other. A template is automation, not an edge. Before it goes live we run it over past candles on your markets and show you every signal it would have sent, losses included, privately. How a strategy behaved on past candles is not what it will do.
Is it AI?
No. It follows the written rules on this page. The same candles always give the same signals.
Which markets and timeframes?
The seven US-dollar majors and gold today, on any timeframe from 5 minutes to daily. Other markets need a price feed for them first; ask us.
What does it cost?
Templates are in early access: built with you, for your channel, and priced before launch. Early-access members hear the price first. For a broker, prop firm or educator, write to us.
Other strategy templates
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EMA crossover
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Supertrend
The Supertrend line (ATR 10 × 3) flips from above price to below it, or the other way: the candle that closes through it is the signal.
London breakout
The Asian session sets a range; the first 15-minute close above its high or below its low after the London open is the signal.
Break and retest
Price closes beyond a swing high or low, comes back to the level within twelve candles and closes on the broken side: that close is the signal.
RSI divergence
Price makes a lower swing low while the RSI makes a higher one, the first in oversold territory: a buy once the second swing is confirmed. The mirror is a sell.
MACD crossover
The MACD line crosses its signal line below zero in an uptrend, or above zero in a downtrend, with price on the 200 EMA's side.
Judas swing
A candle runs through the Asian range early in London, then a 15-minute candle closes back inside it: that close is the signal.