Order Block and Smart Money Concept MT5 Ea Bots | Forex Factory

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Attachments: Order Block and Smart Money Concept MT5 Ea Bots
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Order Block and Smart Money Concept MT5 Ea Bots

  • #1
  • First Post: Edited Jan 7, 2023 10:11am Jan 3, 2023 1:46am | Edited Jan 7, 2023 10:11am
This is my attempt to code smart money concepts and order block in to MT5 .
Attached File(s)
File Type: mq5 SMCstar.mq5   182 KB | 14,684 downloads | Uploaded Jan 7, 2023 4:27am
I have code the order block rules using Ann from Starseed and those described by various people on YouTube
Attached File(s)
File Type: mq5 SMCstarV02.mq5   190 KB | 15,658 downloads | Uploaded Jan 7, 2023 10:11am
  • #2
  • Jan 3, 2023 10:41am Jan 3, 2023 10:41am
Hello, I need a simple indicator that works on the basis of HH.HL LL.LH and the rule for calculation a new level is only new prices. The zigzag indicator is not suitable for my idea. I tried a lot to edit it, but in the end the result was not right.
Something similar to zigzag in the show(on chart) but based on master LOWs and Highs.

could you help me. thanks
  • #3
  • Jan 5, 2023 12:41am Jan 5, 2023 12:41am
Quoting aryobarzan22
Hello, I need a simple indicator that works on the basis of HH.HL LL.LH and the rule for calculation a new level is only new prices. The zigzag indicator is not suitable for my idea. I tried a lot to edit it, but in the end the result was not right. Something similar to zigzag in the show(on chart) but based on master LOWs and Highs. could you help me. thanks
unfortunately indicators are difficult for me to work with code
  • #4
  • Jan 7, 2023 4:32am Jan 7, 2023 4:32am
Attached File(s)
File Type: mq5 SMCstar.mq5   182 KB | 3,638 downloads
This also in post one. This draws order blocks using rules from Ann at Starseed and the normal standard Order block rules. The EA waits for price to approach the order block when in the order block it will wait for another order block (of a smaller time frame) to form and then execute trade in the smaller time frame Order block
  • #5
  • Jan 7, 2023 5:28am Jan 7, 2023 5:28am
I am watching the EA play in visual mode and saw that it needed a change of character filter on the lower time frame Order block. What was happening is that immediately the price entered order block it opened the trade.
Let me deal with it
  • #6
  • Jan 7, 2023 6:16am Jan 7, 2023 6:16am
Quoting candyman752
This is my attempt to code smart money concepts and order block in to MT5 .{file}I have code the order block rules using Ann from Starseed and those described by various people on YouTube
I haven't watched the videos, but they promise a pretty good RR ratio.
  • #7
  • Jan 7, 2023 8:02am Jan 7, 2023 8:02am
Hello Candy! suscribed! I trade manually using order block concepts, so the idea to automatically code OB is good.
  • #8
  • Jan 7, 2023 9:06am Jan 7, 2023 9:06am
Quoting fonline
Hello Candy! suscribed! I trade manually using order block concepts, so the idea to automatically code OB is good.
As a completely lay trader, may I ask what your RR ratio is?
  • #9
  • Jan 7, 2023 10:10am Jan 7, 2023 10:10am
Quoting jacem
{quote} As a completely lay trader, may I ask what your RR ratio is?
Unfortunately have not been able to carry out optimization tests. So have to use suck the thumb but using smart money concepts.
The EA is risking 13 pips. In hope of striking a 170 pip run. trail it using 32pip
  • #10
  • Jan 7, 2023 10:11am Jan 7, 2023 10:11am
I have updated the EA to use change of character filter before diving into a trade
Attached File(s)
File Type: mq5 SMCstarV02.mq5   190 KB | 6,350 downloads
  • #11
  • Jan 7, 2023 10:13am Jan 7, 2023 10:13am
Quoting fonline
Hello Candy! suscribed! I trade manually using order block concepts, so the idea to automatically code OB is good.
Nice one. Hope you have chance to carry out visual testing on the optimization tester for MT5 . The EA draws order blocks let me know how best to polish it up.
  • #12
  • Jan 8, 2023 6:49am Jan 8, 2023 6:49am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB
  • #13
  • Jan 10, 2023 12:15pm Jan 10, 2023 12:15pm
Quoting mafrosty11
{image}
which tool is this?
  • #14
  • Jan 11, 2023 1:45pm Jan 11, 2023 1:45pm
Right traders last EA. Its frustrating testing the EA. The strategy tester is playing making it difficult to fine tune the change of character
Attached File(s)
File Type: mq5 Smart_Money_Order_Block_Choc.mq5   193 KB | 13,755 downloads
I hope someone benefits from this work.ciao
  • #15
  • Jan 11, 2023 11:55pm Jan 11, 2023 11:55pm
One exception to coming to post. THere is a new thing taking place called Chat GPT. It is about to put google out of business. Anywaay I will be spending my time using it. One of the things it does is you ask to write or code for you. SO i am going to ask it to code a change of character. I encourage you guys go to youtube type Chat GPT you will waartch videos explaining what it is and can do. THis is nowa move from the information age to the knowledge age.
  • #16
  • Jan 12, 2023 3:32pm Jan 12, 2023 3:32pm
Quoting candyman752
One exception to coming to post. THere is a new thing taking place called Chat GPT. It is about to put google out of business. Anywaay I will be spending my time using it. One of the things it does is you ask to write or code for you. SO i am going to ask it to code a change of character. I encourage you guys go to youtube type Chat GPT you will waartch videos explaining what it is and can do. THis is nowa move from the information age to the knowledge age.

I hate what i will write but i will do it anyways...

You quit tooooo fast... Your ideas are good but you thinking on one way... So it is change of character or nothing? What would happen if you had put change of character and it was still fail?

One of the problems is the most people pretend they know to trade but they dont.

Why not let the candle tap into the order block that you have identify and go in the next candle, if it reverse you have choch.
Sl 5 pips below ob.....

Yes the sl is bigger, but who cares of the trade and trend is confirmed....

Another idea, on ob to look the candles, so which candles usually appear? Pinbar? Hammer?

Maybe ema 12-25..

So its not choch or it wont work, in fact you might create something better....

I understand you might have day job etc
But do not settle with mediocrity.... If you quit before truly explore your options and truly call it quits, then you will quit on the next similar situation and the next and the next....

Thats some of my thoughts
  • #17
  • Jan 14, 2023 10:37am Jan 14, 2023 10:37am
Quoting candyman752
Right traders last EA. Its frustrating testing the EA. The strategy tester is playing making it difficult to fine tune the change of character{file}I hope someone benefits from this work.ciao
Yeah, testing extremely slow.
  • #18
  • Jan 15, 2023 9:42am Jan 15, 2023 9:42am
can you translate this TV indicator into mq4 and mq5 ?
https://www.tradingview.com/script/C...-Concepts-LUX/

This all-in-one indicator displays real-time market structure (internal & swing BOS / CHoCH), order blocks, premium & discount zones, equal highs & lows, and much more...allowing traders to automatically mark up their charts with widely used price action methodologies. Following the release of our Fair Value Gap script, we received numerous requests from our community to release more features in the same category.

"Smart Money Concepts" ( SMC ) is a fairly new yet widely used term amongst price action traders looking to more accurately navigate liquidity & find more optimal points of interest in the market. Trying to determine where institutional market participants have orders placed (buy or sell side liquidity) can be a very reasonable approach to finding more practical entries & exits based on price action.

The indicator includes alerts for the presence of swing structures and many other relevant conditions.

Features

This indicator includes many features relevant to SMC , these are highlighted below:

 

  1. Full internal & swing market structure labeling in real-time
  2. Break of Structure (BOS)
  3. Change of Character (CHoCH)
  4. Order Blocks ( bullish & bearish )
  5. Equal Highs & Lows
  6. Fair Value Gap Detection
  7. Previous Highs & Lows
  8. Premium & Discount Zones as a range
  9. Options to style the indicator to more easily display these concepts


Settings

 

  1. Mode: Allows the user to select Historical (default) or Present, which displays only recent data on the chart.
  2. Style: Allows the user to select different styling for the entire indicator between Colored (default) and Monochrome.
  3. Color Candles: Plots candles based on the internal & swing structures from within the indicator on the chart.
  4. Internal Structure: Displays the internal structure labels & dashed lines to represent them. (BOS & CHoCH).
  5. Confluence Filter: Filter non-significant internal structure breakouts.
  6. Swing Structure: Displays the swing structure labels & solid lines on the chart (larger BOS & CHoCH labels).
  7. Swing Points: Displays swing points labels on chart such as HH, HL, LH, LL.
  8. Internal Order Blocks: Enables Internal Order Blocks & allows the user to select how many most recent Internal Order Blocks appear on the chart.
  9. Swing Order Blocks: Enables Swing Order Blocks & allows the user to select how many most recent Swing Order Blocks appear on the chart.
  10. Equal Highs & Lows: Displays EQH / EQL labels on chart for detecting equal highs & lows.
  11. Bars Confirmation: Allows the user to select how many bars are needed to confirm an EQH / EQL symbol on chart.
  12. Fair Value Gaps: Displays boxes to highlight imbalance areas on the chart.
  13. Auto Threshold: Filter out non-significant fair value gaps.
  14. Timeframe: Allows the user to select the timeframe for the Fair Value Gap detection.
  15. Extend FVG: Allows the user to choose how many bars to extend the Fair Value Gap boxes on the chart.
  16. Highs & Lows MTF: Allows the user to display previous highs & lows from daily, weekly, & monthly timeframes as significant levels.
  17. Premium/ Discount Zones: Allows the user to display Premium, Discount , and Equilibrium zones on the chart

  • #19
  • Feb 12, 2023 5:42pm Feb 12, 2023 5:42pm
Quoting candyman752
One exception to coming to post. THere is a new thing taking place called Chat GPT. It is about to put google out of business. Anywaay I will be spending my time using it. One of the things it does is you ask to write or code for you. SO i am going to ask it to code a change of character. I encourage you guys go to youtube type Chat GPT you will waartch videos explaining what it is and can do. THis is nowa move from the information age to the knowledge age.
candyman752, I'm testing your smart_money_order_block bot and it doesn't open orders, the blocks appear on the chart but the bot doesn't open any orders, is there any parameter to activate?
  • #20
  • Feb 13, 2023 6:14am Feb 13, 2023 6:14am
Attached File(s)
File Type: ex4 ZeusArrow_SmartOrderBlock_Demo.ex4   332 KB | 5,298 downloads
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 470 KB
Here this may help
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