SMC bos and choch pro
- 유틸리티
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Stephen Barasa
i program and create working expert advisors for mt5, the advisors/ robots that i create are also used personally, ny the time i put it out for a sale it means i want you to benefit as well.
please enjoy and provide feedback so that we can improve on the products. - 버전: 1.0
- 활성화: 15
Trade Market Structure. Capture Breakouts. Protect Your Profits.
Take your trading to the next level with SMC BOS & CHoCH PRO EA, an automated trading system built around Smart Money Concepts (SMC), designed to identify market structure breaks and execute trades automatically.
The EA analyzes confirmed swing highs and swing lows to identify two important market events:
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Break of Structure (BOS): Identifies continuation opportunities when price breaks an established market structure.
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Change of Character (CHoCH): Detects potential directional changes when price breaks structure against the previous trend.
Let the EA monitor market structure and execute qualifying trading opportunities automatically.
KEY FEATURES
1. Smart Money Concepts Trading Logic
Automatically identifies bullish and bearish BOS and CHoCH signals using confirmed swing points and completed candle closes.
2. Automated BUY & SELL Execution
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Bullish BOS/CHoCH → BUY
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Bearish BOS/CHoCH → SELL
3. Intelligent Swing-Based Stop Loss
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BUY: Stop loss below the latest confirmed swing low.
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SELL: Stop loss above the latest confirmed swing high.
Includes an adjustable stop-loss buffer.
4. Dynamic Trailing Stop – Lock In Profits
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Automatically activates after reaching a configured profit threshold.
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Follows price as the trade moves into profit.
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Protects accumulated profits.
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Never moves the stop loss backwards.
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Adjustable activation, trailing distance and trailing step.
5. Daily Profit Target
Set a daily profit objective. Once reached, the EA can close its open positions and suspend new trading until the next trading day.
6. Monthly Profit Target
Set a monthly profit objective. Once reached, the EA can close its open positions and suspend new trading until the next month.
7. Flexible Fixed Lot Sizing
Choose your preferred fixed lot size according to your account balance and risk tolerance.
8. Trading Day Controls
Automatically disables new trading on Wednesday and Friday, with other trading days available.
9. Advanced Position Management
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Option to close opposite EA positions.
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Option to restrict trading to one EA position per symbol.
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Unique Magic Number for trade identification.
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Configurable maximum spread filter.
RECOMMENDED TRADING SYMBOLS
XAUUSD – GOLD
Recommended timeframe: M15
Designed to capture gold market structure breakouts and directional changes.
BTCUSD – BITCOIN
Recommended timeframe: H1
Designed to identify Bitcoin's larger market structure movements while using confirmed breakout signals and trailing stop management.
Other symbols and timeframes can also be tested with appropriate parameter adjustments.
RECOMMENDED STARTING SETTINGS
| Parameter | Suggested setting |
|---|---|
| Fixed lot | 0.01 |
| Swing length | 5 |
| SL buffer | 50 points |
| Trailing activation | 1,000 points |
| Trailing distance | 500 points |
| Trailing step | 100 points |
| Daily profit target | User configurable |
| Monthly profit target | User configurable |
| Wednesday trading | Disabled |
| Friday trading | Disabled |
These are starting settings, not guaranteed optimal configurations.
INSTALLATION GUIDE
Follow these steps to install and activate the EA on MetaTrader 5:
STEP 1 – DOWNLOAD
Download the EA from the Utilities section.
STEP 2 – COPY THE EA
Copy the downloaded EA file and paste it into your MetaTrader 5 Experts folder.
STEP 3 – REFRESH MT5
Open MetaTrader 5, navigate to the Navigator panel, right-click Expert Advisors and select Refresh.
STEP 4 – ATTACH THE EA
Drag SMC BOS & CHoCH PRO EA onto your preferred trading chart (XAUUSD or BTCUSD).
STEP 5 – CONFIGURE SETTINGS
Adjust your fixed lot size, trailing stop, daily profit target, monthly profit target and other trading parameters.
STEP 6 – ACTIVATE
Enable Algo Trading and allow the EA to begin monitoring market structure and executing qualifying signals.
RISK DISCLAIMER
Trading Forex, Gold and Cryptocurrencies involves substantial financial risk. This EA does not guarantee profits or eliminate trading losses. Performance depends on market conditions, broker execution, spreads, slippage and individual settings.
Always test the EA on a demo account before using real funds.
Structure-Based Trading. Automated Execution. Intelligent Profit Protection.
Recommended Symbols: XAUUSD (GOLD) & BTCUSD (BITCOIN)
Platform: MetaTrader 5 (MT5)
Trading Style: Automated Smart Money Concepts Trading
