Discussing the article: "Elevate Your Trading With Smart Money Concepts (SMC): OB, BOS, and FVG"
Of view. This would be very valauable tool. I look forward to seeing the progress of the backtesting by combining all of the strategies at the same time i.e OB, BOS and FVG. AND please could you add also a CHOCH CHANGE OF CHARACTER concept thanks
MetaQuotes:
Great job
Check out the new article: Elevate Your Trading With Smart Money Concepts (SMC): OB, BOS, and FVG.
Author: Hlomohang John Borotho
Jean de #:
Of view. This would be very valauable tool. I look forward to seeing the progress of the backtesting by combining all of the strategies at the same time i.e OB, BOS and FVG. AND please could you add also a CHOCH CHANGE OF CHARACTER concept thanks
Agreed, feel free to tweak settings/logic and explore the capabilities of the system.
Of view. This would be very valauable tool. I look forward to seeing the progress of the backtesting by combining all of the strategies at the same time i.e OB, BOS and FVG. AND please could you add also a CHOCH CHANGE OF CHARACTER concept thanks
MetaQuotes: Check out the new article: Elevate Your Trading With Smart Money Concepts (SMC): OB, BOS, and FVG.
Author: Hlomohang John Borotho
Such patterns used to be called Double Top or double top.
But progress does not stand still, the terminology is improving.
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Check out the new article: Elevate Your Trading With Smart Money Concepts (SMC): OB, BOS, and FVG.
Elevate your trading with Smart Money Concepts (SMC) by combining Order Blocks (OB), Break of Structure (BOS), and Fair Value Gaps (FVG) into one powerful EA. Choose automatic strategy execution or focus on any individual SMC concept for flexible and precise trading.
Order Block:
An order block (OB) represents the last bullish or bearish candle before a significant market move, often signaling where institutional traders have placed orders. When price revisits these zones, they tend to act as strong areas of support or resistance, providing high-probability trade setups. In this EA, order block detection is still enhanced by integrating the Fibonacci indicator for validation, ensuring that trades align with key retracement or extension levels. As discussed in the previous article, combining OB with Fibonacci confirmation filters out weaker setups, giving traders a more reliable framework for entering and managing trades.
Author: Hlomohang John Borotho