Job finished
Execution time 35 days
Feedback from employee
Honest
Specification
Programmer is expected to take the course (around 7 hours)
EA Development Brief: Smart Money Concepts Trading Strategy
Section 1: Definition
Liquidity: Explain the concept of liquidity in the context of trading, referring to the ease of buying or selling an asset without causing significant price changes.
Smart Money: Define smart money as institutional investors or large traders who possess significant market influence due to their substantial resources.
Imbalance: Describe imbalance as a situation where supply and demand for an asset are uneven, potentially indicating an upcoming price movement.
Manipulation: Explain market manipulation as intentional actions by big players to influence prices for their gain.
BOS/CTS: Elaborate on Break of Structure (BOS) and Change of Trend Strength (CTS) as technical patterns signaling potential changes in the market trend.
Pullback and Breakout: Define pullback as a temporary reversal within a trend and breakout as a significant move beyond a key level of support or resistance.
Premium and Discount: Describe premium and discount as the difference between the market price and the "true" value of an asset.
Order Block/POI: Explain Order Block as a price area where significant orders were executed and Point of Interest (POI) as a level where price is likely to react.
Section 2: Main Strategy
Trading Follow Trend: Outline the theory of trading with the trend, emphasizing the importance of aligning with smart money's direction. Provide an example of a trade executed in line with this strategy.
Trading Break Trend: Explain the theory of trading breakouts or trend reversals, focusing on identifying imbalances and smart money activity. Give an example of a trade executed using this approach.
Programmer should also take the course and the expert should have the same indicators used in the course, plot them on the metatrader 4 which are mostly fibos and zigzag/ orderblock
support resistance , the EA should have a Scanner to decide if it trades only the current chart, or market watch and with which risk to enter in market watch/ the current chart
which strategies to use
the entire strategy is explained entirely in the course point by point these are merely bullet points
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