Modify LuxAlgo Smart Money Concepts Indicator to Add Entry/SL/TP Logic & Convert to MT5

MQL5 Indicadores

Termos de Referência

I already have the Smart Money Concepts [LuxAlgo] indicator (Pine Script version).

It’s working correctly and prints multiple order blocks (OBs), CHoCH, BOS, etc.

However, I want to make the indicator trade-ready by adding Entry, Stop Loss, and Take Profit logic — then convert it to MT5 while keeping all the visuals and structure logic intact.


### ✅ What I Need Done


#### 1. Fix Order Block Selection Logic


* The indicator currently plots too many order blocks.

* When the market trends (either up or down), the last order block that appears is often liquidity, not my true entry zone.

* The valid entry order block should be the one just before the last one (the previous order block before liquidity sweep).

* So: ignore the last printed OB, and use the previous OB as the entry zone.


#### 2. Add Entry, Stop Loss & Take Profit Display


* Once a valid order block is identified:


  * Entry: at the selected OB (the one before liquidity).

  * Stop Loss:


    * For buys → below the low of the bullish order block

    * For sells → above the high of the bearish order block

  * Take Profit: based on Risk–Reward ratio (choose between 1:2 and 1:3).


    * TP1 = 2× distance from Entry to SL

    * TP2 (optional) = 3× distance from Entry to SL

* Visually draw labels or horizontal lines:


  * “Entry”, “SL”, “TP1 (1:2)”, “TP2 (1:3 optional)”

* Add inputs:


  

  [Trade Setup Display]

  Show Entry/SL/TP = true/false

  Risk Reward Mode = [1:2, 1:3]

  

#### 3. Trend Filter


* Only show Buy setups in an uptrend and Sell setups in a downtrend.

* Use the existing structure bias (swingTrend.bias or internalTrend.bias).

* When a CHoCH (Change of Character) occurs, reverse the bias and allow opposite trade direction.


  * Example: CHoCH from bullish → bearish = now only show sell setups.


#### 4. Conversion to MT5 Indicator


After the Pine Script version is working:


* Convert it to MT5 (.mq5) indicator.

* Keep all:


  * BOS / CHoCH drawings

  * Order block zones

  * Entry / SL / TP visuals

  * Trend-based filtering

* Should work the same way visually as the Pine version (non-repainting).


### ⚙️ Additional Requirements


* Keep all current settings, labels, and colors clean and optimized.

* Don’t remove existing SMC elements — just add on top of them.

* Must work in real-time (no repainting after candle close).

* Inputs should be grouped clearly under:


  * Smart Money Concepts Settings

  * Trade Setup Display

  * Conversion Settings (for MT5 version)


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