ICT Smart Money Concepts (SMC) Order Block Expert Advisor with AI for EUR/USD

Platform

MetaTrader 5 (MT5)
MQL5 Source Code Required
Compatible with Exness MT5 both standard and cent accounts/ICMarket accounts
Works on EUR/USD only (initial version)

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Objective

Develop a fully automated AI Expert Advisor based on ICT Smart Money Concepts (SMC).

The EA must only execute high-probability trades that satisfy all required conditions before opening a position.

The EA must avoid overtrading and prioritize quality over quantity.

AI-based trade scoring to rank setups instead of taking every valid signal.

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Timeframes

Daily (D1)

Determine overall market bias.

H4

Confirm trend.
Detect institutional Order Blocks.

M15

Detect liquidity sweep.
Detect Change of Character (CHOCH).
Detect Break of Structure (BOS).
Execute entries.

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Market Bias Rules

Bullish Bias

Conditions:

Daily trend:
Higher Highs
Higher Lows

AND

H4 trend:
Higher Highs
Higher Lows

Only Buy trades allowed.

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Bearish Bias

Conditions:

Daily trend:
Lower Highs
Lower Lows

AND

H4 trend:
Lower Highs
Lower Lows

Only Sell trades allowed.

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Order Block Detection

Bullish Order Block

Identify:

The last bearish candle before a strong bullish displacement candle that breaks market structure.

Store:

High

Low

Open

Close

Time

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Bearish Order Block

Identify:

The last bullish candle before a strong bearish displacement candle that breaks market structure.

Store:

High

Low

Open

Close

Time

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Liquidity Sweep Detection

Buy Setup

Price must first take:

Previous Day Low

or

Equal Lows

or

Major Swing Low

before entry.

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Sell Setup

Price must first take:

Previous Day High

or

Equal Highs

or

Major Swing High

before entry.

No liquidity sweep = No trade.

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Market Structure Shift

After liquidity sweep, EA must wait for:

CHOCH

OR

BOS

The break must close beyond the previous swing.

Ignore wick-only breaks.

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Displacement

Entry is only valid if BOS is created by a strong impulsive candle.

Minimum displacement candle:

Large body

Small wick

Close beyond structure

Minimum candle body size should be user adjustable.

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Entry Logic

After:

Liquidity Sweep

↓

CHOCH/BOS

↓

Displacement

↓

Order Block Created

↓

Wait for retracement into Order Block

↓

Open trade.

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Stop Loss

Buy

Below Order Block Low.

Sell

Above Order Block High.

User adjustable buffer:
Default = 3 pips.

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Take Profit

Three options selectable by user.

Option 1

Risk Reward = 1:2

Option 2

Risk Reward = 1:3

Option 3

Nearest External Liquidity

(Default)

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Risk Management

Risk per trade:
User adjustable

Default:
1%

Maximum Daily Trades:
2

Maximum Daily Loss:
2 losing trades

Maximum trades per signal
2-20 user adjustable

After two losses:

EA stops trading until next day.



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Trading Sessions

Trade only during:

London Session

New York Session

Session times must be adjustable.

Default:

London
07:00–10:00 UTC

New York
12:00–15:00 UTC

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News Filter

EA must avoid trading:

NFP

CPI

FOMC

High-impact USD news

News filter:

30 minutes before

30 minutes after

Integrate MT5 Economic Calendar.

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Spread Filter

Maximum spread:

User adjustable.

Default:

2.0 pips.

No trade above spread limit.

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Trend Filter

Only trade with higher timeframe trend.

Never counter-trend.

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Trade Management

Break-even

Move stop to BE after 1R profit.

User selectable.

Trailing Stop

Optional.

ATR trailing stop.

Fixed pip trailing stop.

Disable.

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Money Management

Inputs:

Risk %

Fixed Lot

Auto Lot

Maximum Lot Size

Minimum Lot Size

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Daily Limits

Maximum trades:

2

Maximum wins:

2

Maximum losses:

2

After limit reached:

Disable trading until next day.

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Dashboard

Display:

Current Trend

Market Bias

Spread

Session

Risk %

Open Trades

Today’s Profit

Today’s Loss

Current Order Block

Current Liquidity Level

News Status

Trading Enabled/Disabled

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Alerts

Push Notification

Mobile Notification

Email

MT5 Alert

Whenever:

Trade opened

Trade closed