Specification
I want a MetaTrader 5 Expert Advisor based on Smart Money Concepts (SMC) and Power of 3 (PO3).
Strategy logic:
1. Accumulation (Asian Session)
- Define Asian session range (time customizable)
- Mark Asian high and low
- No trades during this session
2. Manipulation (London Session)
- Detect liquidity sweep above Asian high or below Asian low
- Must be a clear breakout with rejection (not slow drift)
3. Distribution (New York Session(Entry Logic)
- After sweep, wait for break of structure (BOS)
- Then wait for a retest of the zone
- Only enter after confirmation (no instant entries)
Trade Rules:
- Max 1–2 trades per session
- Only trade during London and New York sessions
- No trading during news (optional filter if possible)
Risk Management:
- Risk per trade: adjustable (default 5%)
- Stop loss: below/above liquidity sweep
- Take profit: 2:1 or 1:1.5
- Daily max loss limit
Additional Features:
- Session filter (Asian, London, New York)
- Spread filter
- Max trades per day
- Option to enable/disable trend filter (HTF bias)
Goal:
The EA should avoid overtrading and only take high-probability setups based on liquidity, structure, and confirmation.
Code must be clean, optimized, and suitable for back testing and live trading.
The EA must NOT use grid, martingale, or averaging strategies.
It should follow strict rule-based entries only.
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