Market Cheat Sheet

Market Cheat Sheet — Multi-Timeframe Currency Flow & SMC Expert Advisor for MT5

Market Cheat Sheet (MCS) is a multi-currency Expert Advisor for MetaTrader 5 that analyzes 28 major and cross Forex pairs as one interconnected currency system.

Instead of analyzing each chart independently, MCS first evaluates the relative strength of the eight major currencies:

EUR, GBP, USD, JPY, CHF, CAD, AUD and NZD.

This creates a Currency Flow ranking that defines the directional context for all 28 supported pairs.

MCS then combines this Currency Flow with Smart Money Concepts (SMC) market structure to search for structured pending-entry opportunities.

Trading model

The core logic is:

Currency Flow → SMC structure → latest valid Order Block → pending entry → structural Stop Loss → Risk/Reward Take Profit

Currency Flow is calculated from three timeframes using closed candles, reducing unnecessary changes caused by every price refresh.

The same strategy is used in all three operating modes. Only the timeframes change.

SMC execution

MCS evaluates market structure and can use SMC elements such as:

Liquidity, Sweep, BOS, CHoCH, MSS, FVG, Order Block and Displacement.

The EA looks for an entry in the direction supported by Currency Flow and the current SMC structure.

For Order Block based setups, MCS focuses on the latest relevant structural setup, rather than deliberately searching for old historical entries.

Pending entries are placed according to the detected setup.

Structural Stop Loss

Stop Loss is based on market structure.

For BUY setups:

SL is placed below the latest confirmed local swing low.

For SELL setups:

SL is placed above the latest confirmed local swing high.

Take Profit is calculated from the actual Entry-to-SL risk:

TP = Risk × RiskReward

Example:

RiskReward = 3.0

A structural risk of 20 pips gives a theoretical TP distance of 60 pips.

Pending order lifetime

VirtualPendingExpiryMinutes controls how long an unfilled setup remains valid.

For example:

• 60 = expire after 60 minutes
• 120 = expire after 2 hours
• 360 = expire after 6 hours

The expiration mechanism applies to both virtual and broker-visible pending execution.

When an expired setup is removed, MCS can evaluate the market again and look for a new valid setup.

1. StrategyMode

Choose according to the trading horizon you want.

MODE_SCALP

Uses M15 for SMC execution.

Best when you want more frequent opportunities and can accept more market noise.

Recommended for active sessions and shorter trade duration.

MODE_DAY

Uses H1 for SMC execution.

This is a balanced mode between trade frequency and market structure.

Suitable for traders who do not want the activity level of SCALP but still want regular opportunities.

MODE_SWING

Uses H4 for SMC execution.

Signals are less frequent, but setups normally develop over a larger market structure.

Suitable when you prefer longer-lasting positions and do not need frequent entries.

2. Lots

Lots defines the fixed trade size.

Example:

0.01 = minimum-style conservative testing size on many Forex accounts.

Start small, especially on a new broker or account.

MCS does not guarantee that the same lot size produces the same monetary risk on every symbol because pip value differs between currency pairs.

3. MagicNumber

MagicNumber identifies MCS trades.

Normally leave the default value unchanged.

Change it only if you intentionally run multiple independent MCS instances or need to separate them from another EA.

Different independent EA groups should use different Magic Numbers.

4. MinFlowScore

MinFlowScore controls the minimum difference in Currency Flow strength required for a pair to qualify.

A lower value allows more pairs.

A higher value requires a stronger difference between the two currencies.

Typical interpretation:

For normal use, 3 is a reasonable starting value.

If MCS produces too many weak setups, increase it.

If too few pairs qualify, reduce it carefully.

5. UseChainEngine

When true , MCS uses its SMC chain / confirmation logic.

For normal strategy operation:

recommended: true

Turning it off changes how SMC confirmation is handled and should normally be done only for testing.

6. RiskReward

Controls the TP distance relative to structural risk.

Examples:

1.0 = 1R
2.0 = 2R
3.0 = 3R

The current example setting:

RiskReward = 3.0

means that if Entry-to-SL risk is 25 pips, TP is approximately 75 pips from Entry.

Higher RiskReward increases the required target distance and does not automatically improve profitability.

7. MaxOpenTrades

Maximum number of simultaneous MCS positions/setups allowed by the configured logic.

The EA monitors 28 pairs, but that does not mean all 28 should always be traded simultaneously.

For smaller accounts, a lower limit may reduce aggregate exposure.

For portfolio-style operation across the full 28-pair universe, a larger value can be used.

Remember that many Forex pairs are correlated.

8. VirtualPendingExpiryMinutes

Defines how long an unfilled pending setup remains valid.

Suggested interpretation:

These are operational starting points, not guaranteed optimal settings.

For the screenshot configuration:

360 means 6 hours.

If you want faster replacement of old setups, reduce this value.

9. UseBrokerVisibleOrders

false

MCS keeps pending execution virtual until its own entry conditions are reached.

This reduces the amount of pending-order information visible to the broker.

true

MCS sends the pending order to the broker.

Use this if you prefer broker-side pending execution.

Both modes should follow the same strategy logic; only execution visibility differs.

10. Prop Equity Guard

UsePropEquityGuard = true

activates the account-protection layer.

PropProfitTargetUSD

defines the configured profit threshold.

PropMaxLossUSD

defines the configured loss threshold.

Example from the screenshot:

PropProfitTargetUSD = 100

PropMaxLossUSD = 500

These values must be adapted to the account size and the rules of the account being traded.

They are not recommended universal values.

For a prop-firm account, configure them according to the actual firm's daily and overall loss rules.

11. PropDisableNewEntriesAfterHit

If true , new entries remain disabled after the configured Prop Guard threshold is reached.

If false , MCS may reset its cycle according to its internal guard logic and continue.

For strict daily risk control, true is the more conservative behaviour.

12. UseTradingHours

false

MCS can operate without session restrictions.

true

entries are restricted to the configured London and New York windows.

Default-style configuration:

London: 10:00–14:00 terminal time

New York: 15:00–19:00 terminal time

The times are based on MT5 terminal/server time, not necessarily your local clock.

Session filtering can be useful if you want MCS active primarily during liquid Forex periods.

13. Dashboard

ShowDashboard = true

shows the full MCS panel.

AutoDashboardFontSize = true

automatically adapts text sizing.

For normal use both can remain enabled.

14. Telegram

UseTelegramAlerts = true

enables configured Telegram notifications.

You must provide your own:

TelegramBotToken

TelegramChatID

Never share these credentials publicly.

The individual switches control new-trade, close-trade, break-even and daily-report notifications.

15. Auto Copy

Auto Copy settings are intended for users who deliberately configure an external copy workflow.

If you do not use this feature, leave the URL empty.

Recommended first setup

For a new user, a practical starting configuration is:

MODE_DAY
Lots = small test size
MinFlowScore = 3
UseChainEngine = true
RiskReward = 3.0
UseBrokerVisibleOrders = false
UseTradingHours = false initially
Prop Guard = configured according to account limits

Run MCS first on a demo account and observe how Currency Flow, SMC setups, pending entries, SL, TP and expiry behave with your broker.

Broker spread, symbol specifications, execution and market conditions can affect results.

MCS is a trading tool, not a profit guarantee.