# Fairway

Trades AUDCAD on M5, opens baskets when price is stretched beyond H1 Envelopes band, and closes them in profitable pairs.

Canonical: https://prismaticalgos.com/compendium/algo/12683-fairway
Record ID: 12683
Catalog rank: 489 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Risk, Money Management & Portfolio Overlays (J)
Source: https://www.mql5.com/en/market/product/203336
Evidence label (unverified): backtest_shown

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

No automated warnings recorded; this is not validation.

## Recorded profile

- symbols: AUDCAD
- timeframes: M5
- sessions: Not specified
- market_regime: ranging

## Indicators

- Envelopes: {"deviation": 0.2, "period": 14}; applied to: close

## Recorded long-entry rules

- Ask below the lower Envelopes band on H1

## Recorded short-entry rules

- Bid above the upper Envelopes band on H1

## Recorded exit rules

- Single order closes at +10 pips
- Best order closes with part of the worst order if 8.5 pips in profit
- Basket stop at -150 USD per 3,500 USD of balance

## Recorded filters

- Spread filter for new baskets
- Margin and volume checks before every order

## Risk controls

- Stop loss: Basket stop at -150 USD per 3,500 USD of balance
- Take profit: null
- Position sizing: 0.01 lot per 3,500 USD by default