Smart Market structure concept
50 USD
Demo heruntergeladen:
506
Veröffentlicht:
6 Dezember 2022
Aktuelle Version:
4.11
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Hi. I bought your indicator. How to identify buy or sell signals? How to work with this indicator?
Hi Evgenii Smirnov. This indicator is about smart money concept (aka trade following bank) strategy. The easiest way is to enter a buy order when we have Order buy block and BOS buy signal. Vice versa. In my opinion i recommened that you should read my document about this indicator here.This intructior have detail about order block, fair value gap... and how to enter an order.
One other way is you can buy a book about SMC (there are many on amazon).
Hope you success. And this indicator is helpfull for you.
you can set:
+ Show fair value gap=true
+ Alert when FVG detection=true
+ Notification type = alert.
Default alert of mt5 terminar should play sound
If the entry points were highlighted, it would help novice traders and me)))
It is difficult to give a specific entry point because Smart money concept is a collection of research on market patterns under the influence of bigboy. Personally, I think when bigboys go hunting, the most effective methods include two things:
1. They choose prey that is much weaker than them (in the market, it is the majority of individual players with a small amount of capital, they are often dominated by emotions and FOMO)
2. Bigboy will create traps and put his prey into that trap. When there is a large enough number of prey, they fall into a trap.
In fact, I often look for traps set by bigboys and try to act on them. Specifically, I always look for active areas of BIGBOY like OB, FVG, .... Wait until those areas are filled, ob -> breaker , fvg will be counted as filled if the price fills about 50% of the zone. imbalance (Consequent encroachment). I will consider entering when the price goes out of the OB zone, FVG has been filled in the opposite direction.
At my indicator:
+ when the OB is filled, there will be an announcement
+ When FVG is filled, it will be displayed on the chart with a triangle with the character BPR: balance price range and a message.
In the attached photo is the gold price yesterday 31 Mar 2023 at the end of the European session and the beginning of the US session. It's a case where I think bigboy has set the trap and acted.
NOTE: What I wrote above is my personal opinion about the SMC method, I welcome other ideas about this method. Please contribute to have a good profitable trading strategy.
I am ready to edit and add new content and requirements to this indicator.
Finally, sorry about my english