London, UK – December 22, 2025 — FxMagnetic, the developer of chart-based strategy automation tools for MetaTrader users, has announced the global release of version 1.6.0, featuring a major expansion of its product suite and several upgrades across its trading tools. The update includes the debut of FxMagnetic FVG Trader, along with new trade filters, SL/TP logic, and advanced risk management options for algorithmic and proprietary trading strategies.
With the demand for structured, testable strategies growing among both retail traders and those participating in forex prop firm challenges, this release brings tools typically used by institutional-level traders into a visual, no-code environment.
New Module: FxMagnetic FVG Trader
Version 1.6.0 introduces FxMagnetic FVG Trader, a new app built around Fair Value Gap (FVG) logic—an institutional concept based on price imbalances between candles. This tool allows traders to design, backtest, and automate strategies that exploit unfilled liquidity zones in the market.
Expanded Filtering and SL/TP Capabilities
The update also brings new trade filters accessible across all major FxMagnetic tools:
- RSI Rebound: Filters trades where RSI returns from overbought or oversold territory—ideal for mean-reversion and reversal strategies.
- RSI Trend Direction: A directional filter that only allows long trades when RSI is above a set threshold and shorts when below.
Both filters now support a third setting, allowing more flexible conditional logic—part of a wider plan to introduce multi-condition filtering across future versions.
Additionally, FxMagnetic 1.6.0 includes a new SL/TP type based on Swing High/Low structure. Instead of relying on indicator values, stop-loss and take-profit levels are now aligned with the most recent market structure, providing a more logical placement for volatility-aware strategies.
New Daily Trade Limit Function
In response to feedback from prop firm traders, the Autotrader module now supports a “Max Trades Per Day” parameter. This risk control feature allows users to define how many trades each strategy is allowed to execute within a single day. Once the limit is reached, that strategy will automatically pause for the remainder of the day.
“The ability to cap trades per day helps align automated systems with the pacing and discipline required by funding firms,” said a product engineer involved in the release. “Combined with other SL/TP upgrades, this gives traders more granular control over their strategy behavior.”
Optimization and Execution Enhancements
The Scanner now includes a new optimization target: Highest Expectancy (R-Multiples). This mode prioritizes strategy results that generate the highest expected return per unit of risk, enabling traders to focus on performance consistency rather than just raw profit.
The Autotrader component has also been improved for easier troubleshooting and strategy tracking. When a Max Consecutive Loss (MCL) event is triggered, the Magic Number of the responsible strategy is now displayed in the Journal, helping users quickly identify which configuration requires attention—particularly when running multiple Autotraders simultaneously.
About FxMagnetic
FxMagnetic develops modular tools for automated strategy creation, backtesting, and live trading inside the MetaTrader ecosystem. The suite includes specialized tools for RSI, MACD, Candlestick Patterns, Parabolic SAR, Moving Averages, Bollinger Bands, and now, Fair Value Gaps. The platform is widely used by retail traders, prop firm challengers, and algorithmic strategists seeking a no-code approach to strategy design.
Version 1.6.0 is now available to all active users. To learn more or access the full toolset, visit www.fxmagnetic.com.
