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Smart Money Concept Strategy + Tradingview Pinescript

MQL5 Indicateurs Scripts Forex Stocks Futures MySQL

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// High-Probability Entry Condition: Price retests the unmitigated Order Block.
long_entry_price = bullish_ob_high // Entry at the top of the OB
entry_condition = not ob_mitigated and low <= long_entry_price and low[1] > long_entry_price and strategy.opentrades == 0

// 🎯 Stop Loss (SL) and Take Profit (TP) Calculation

// SL: Slightly below the bottom of the Order Block
sl_price = bullish_ob_low * (1 - sl_offset_perc / 100)

// Risk amount
risk = long_entry_price - sl_price

// TP: Fixed R:R from the entry price
tp_price = long_entry_price + (risk * i_rr)

// Execute the Trade
if entry_condition
    strategy.entry("Long_OB", strategy.long, comment="Entry @ OB Retest")
    // Set the stop loss and take profit
    strategy.exit("Exit_Long", "Long_OB", stop=sl_price, limit=tp_price, comment="TP/SL")

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