GilesExpertSMC v11.2 User Guide

Version: 11.2 Author: Giles Platform: MetaTrader 5 (MQL5) Type: Automated Trading EA based on Smart Money Concepts (SMC) / ICT Theory

Table of Contents

• Chapter 1: Product Overview & Architecture

  • 1.1 Product Introduction

  • 1.2 Core Design Philosophy

  • 1.3 Overall Architecture

  • 1.4 Module Overview

  • 1.5 Embedded Custom Indicators

• Chapter 2: EA Basic Settings

• Chapter 3: Money Management

• Chapter 4: Trailing Stop

  • 4.1 Breakeven Settings

  • 4.2 Main Trailing Stop

  • 4.3 Add-Position Trailing Stop

  • 4.4 Partial Stop Trailing

• Chapter 5: Entry Signal Settings

  • 5.1 General Settings

  • 5.2 Martingale Strategy

  • 5.3 Close All Positions on Profit (CAP)

  • 5.4 Breakeven-When-Loss Strategy

  • 5.5 Reverse Signal Handling

  • 5.6 Trading Time Window

  • 5.7 Support & Resistance Filter

  • 5.8 Trend Bias Filter

  • 5.9 Timed Close & Order Cancellation

  • 5.10 Daily Profit/Loss Limits

  • 5.11 Partial Take Profit

  • 5.12 Partial Stop-Loss Exit

  • 5.13 Entry Signals Explained

• Chapter 6: Multi-Timeframe Filter Signals

  • 6.1 Current Timeframe Filter Signals (filter0)

  • 6.2 TF1 Filter Signals (filter1)

  • 6.3 TF2 Filter Signals (filter2)

• Chapter 7: Dynamic SL/TP Filter Signals

  • 7.1 Stop-Loss Filter Signal (SL Filter)

  • 7.2 Take-Profit Filter Signal (TP Filter)

• Chapter 8: Add-Position Filter Signals

• Chapter 9: News Filter

• Chapter 10: Time Filters

  • 10.1 Hour Filter

  • 10.2 Day-of-Week Filter

  • 10.3 Month Filter

• Chapter 11: Strategy Configuration Examples

  • Example 1: FVG + MACD + MA Multi-Timeframe Strategy

  • Example 2: MarketStructure + OrderBlock SMC Strategy

• Chapter 12: FAQ & Notes

Chapter 1: Product Overview & Architecture

1.1 Product Introduction

GilesExpertSMC is a feature-rich MetaTrader 5 automated trading EA (Expert Advisor) that deeply integrates Smart Money Concepts (SMC), ICT (Inner Circle Trader) theory, and classic technical analysis indicators, providing traders with a highly configurable automated trading framework.

The EA features 20 entry signals, 9 trailing stop methods, 6 money management modes, and supports multi-timeframe filtering, news filtering, Martingale strategy, partial take-profit/stop-loss, and more. By flexibly combining these modules, users can build trading strategies ranging from simple to complex — all without writing a single line of code.

1.2 Core Design Philosophy

The core logic of GilesExpertSMC can be summarized in one sentence:

Select 1 entry signal + enable 0 to N filter signals. The EA will only place an order when the entry signal and ALL enabled filter signals simultaneously confirm the same direction.

Specifically:

1. Entry Signal: Only one can be selected as the primary trigger condition. When it generates a bullish (buy) or bearish (sell) direction, and no filter signals are added, the EA will immediately place an order.

2. Filter Signals: Any number of filter signals can be enabled across multiple timeframes. When multiple filters are added, all filter signals must simultaneously produce a signal in the same direction as the entry signal before the EA executes a trade. If any filter signal is not satisfied, no order is placed.

3. Signal Expiration: Pay special attention to the Last Signal Expiration setting for each filter signal. Many signals only appear on specific bars; setting an expiration extends the signal's duration.

1.3 Overall Architecture

The EA execution flow is as follows:

┌─────────────────────────────────────────────────────────────┐ │ OnTick() Triggered │ ├─────────────────────────────────────────────────────────────┤ │ ① CAP Check → ② Refresh Market Data → ③ Processing() │ ├─────────────────────────────────────────────────────────────┤ │ Processing() Main Loop │ │ │ │ ┌─ Iterate Existing Positions ────────────────────────┐ │ │ │ • CheckClose() Check close conditions │ │ │ │ • CheckTrailingStop() Main trailing stop check │ │ │ │ • CheckTrailingStopForAddPos() Add-pos trailing │ │ │ └──────────────────────────────────────────────────────┘ │ │ │ │ ┌─ Iterate Pending Orders ────────────────────────────┐ │ │ │ • Check order deletion/expiration conditions │ │ │ └──────────────────────────────────────────────────────┘ │ │ │ │ ┌─ Open Position Logic ───────────────────────────────┐ │ │ │ Daily P&L limit → News filter → Hour/Day/Month │ │ │ │ → Spread check → Max orders → Direction allowed │ │ │ │ → Min position distance → Martin conditions │ │ │ │ → Entry signal direction + All filters confirmed │ │ │ │ → Money management lot calc → Execute open │ │ │ └──────────────────────────────────────────────────────┘ │ └─────────────────────────────────────────────────────────────┘

1.4 Module Overview

1.5 Embedded Custom Indicators

The EA embeds the following 16 custom indicators via #resource , requiring no separate installation:

Chapter 2: EA Basic Settings

Parameter Group: ===========INPUTS FOR EXPERT===========

The file is quite large, please download the complete documentation from the attachment.