Create a multitimeframe EA based on Smart Money Concept strategy

Job finished

Execution time 17 days
Feedback from customer
J'ai apprécié son sens d'engagement pour le travail confié. Il est efficace et digne de confiance.Néanmoins il me reste certais aspects assez complexes qui ne relèvent que de la présence humaine.

Specification

 This is a multi-timeframe SMC strategy. First, the robot analyzes the market trend on the H1 timeframe and draws lines at the most effective BOS (Bottom of the Slope) and CHOC (Challenge) levels. Still on the H1 timeframe, the robot draws order blocks, marking demand zones in an uptrend or supply zones in a downtrend. Next, it detects and draws effective POI (Point of Interest) zones where prices could react, again on the H1 timeframe. POIs must be located below the BOS in an uptrend or above the BOS in a downtrend. POI characteristics: - Demand zone: a smaller red candle followed by a larger green candle (comparison based on the candle body length). Then, a succession of bullish candles creates either a strong upward movement (momentum) or an imbalance (FVG). -Supply zone: a smaller green candle followed by a larger red candle (comparison in candle body length). Then a succession of bearish candles creating either a sharp decline (momentum) or an imbalance (FVG).
 At the same time in the M5 timeframe, the robot detects and plots points of interest (POIs) (following the same characteristics as in the H1 timeframe) within the POIs already plotted in the H1 timeframe. CONDITIONS FOR TAKING BUY OR SELL TRADE POSITIONS(only in Mt5 timeframe): The robot then waits for prices to return to the POI zone and for the necessary confirmations to take a buy or sell trade. - Buy trade: When prices return to the POI, wait for a pattern of: bullish engulfing, bullish pin bar, or piercing. Then take the trade. - Sell trade: When prices return to the POI, wait for a pattern of: bearish engulfing, bearish pin bar, or dark cloud. Then take the trade. WARNING ⚠️ Only in the H1 timeframe: The robot must detect and plot equal highs and equal lows (even if there is a slight difference in levels). When there is an equal low below a demand POI zone or an equal high above a supply POI zone, do not take a trade.
 MONEY MANAGEMENT Only in M5 timeframe For each trade, the robot must place the stop loss below the POI (buy) or above the POI (sell). The take profit is always placed at a risk/reward ratio of 1:3. The robot operates in two modes: - It always risks the full amount of money per trade. For example, if it risks $20 per trade, it will adjust the lot size based on the number of points in the stop loss to reach $20. - Or it trades with a fixed lot size that I can configure.


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Project information

Budget
50 - 100 USD
Deadline
to 10 day(s)