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Suggestion SMC Strategy - Good RR Setups

Feni Bovu said:
This is indeed a wonderful indicator. It's definitely worth to create an EA. Thanks for sharing...

Hello my big friend tanaka akiko , can you kindly do some magic touch here? :party: a robot which is able to place automatic stop loss above/below the order blocks of this indicator!
Click to expand...
I find it interesting to have sell/buy stop, limit with expiry time
 
tanaka akiko said:
Wow, Let's improve it!:party::party:
Click to expand...

Wow! It will be wonderful. Our friend shared this fantastic indicator in the attachment (better than the previous Algo Smart Money). I have tried to change zone colors to blue and red without success (orignal colors didn't change) So here i attach a picture showing sell blocks and buy blocks! :party: The EA which place automatic stop loss above/below the order blocks will be excellent :party:

Screenshot_106.png
 

Attachments

Feni Bovu said:
Wow! It will be wonderful. Our friend shared this fantastic indicator in the attachment (better than the previous Algo Smart Money). I have tried to change zone colors to blue and red without success (orignal colors didn't change) So here i attach a picture showing sell blocks and buy blocks! :party: The EA which place automatic stop loss above/below the order blocks will be excellent :party:

View attachment 157194
Click to expand...

Can you use EA_Algo Smart Money Free(revC) for this indi?
 
tanaka akiko said:
I uploaded revD,
Max order for buy-sell separeted.
View attachment 157210

View attachment 157209

How to set up EA.

Click to expand...

My big friend, I really appreciate the magic touch! Wow! This "rev D" is working as it should! Kindly allow me to suggest just three extra features to make this EA a dangerous weapon!


(1) Adding a Noise Filter. .

When i say a noise filter i mean the whole process of trading by following a trend of the latest CHoCH and avoiding counter trends. If the latest CHoCH is for buyers, the EA takes buy trades only.. and when the latest CHoCH is for sellers, the EA open sell trades only. This is how we increase the probability of an ORDER BLOCK to hold a trade!

NB: In our indicator, CHoCH for buyers are drawn by a Fire-Brick color, and CHoCH for sellers are drawn by a Dodger-Blue color.... The latest CHoCH is standing only as a trend filter :party:


(2) Automatic stop loss and TP by EA

After the order is opened, our precious EA place automatic stop loss two pips above the order block for a sell , and two pips below the order block for a buy . , then using a risk reward ratio of 1:4 for a Take Profit. i.e if the obtained SL was 30 pips, the TP will be 120 pips. ,..... if the SL was 40 pips, TP will be 160 pips .:inlove::inlove:


(3) Adding back an option of Opposite Close – True/False

While testing, I have realized our precious “rev D” always close a previous trade at an opposite order block, (I knew it by applying bigger SL & TP) :party: While using a Noise Filter, it’s better to switch off this opposite close thing to provide a marvelous enough room for a swing trade! :h:


Thank you my big friend Tanaka! You’re the Legend :inlove: We are kindly and patiently waiting for your Magic !
 
Last edited:
Feni Bovu said:
My big friend, I really appreciate the magic touch! Wow! This "rev D" is working as it should! Kindly allow me to suggest just three extra features to make this EA a dangerous weapon!


(1) Adding a Noise Filter. .

When i say a noise filter i mean the whole process of trading by following a trend of the latest CHoCH and avoiding counter trends. If the latest CHoCH is for buyers, the EA takes buy trades only.. and when the latest CHoCH is for sellers, the EA open sell trades only. This is how we increase the probability of an ORDER BLOCK to hold a trade!

NB: In our indicator, CHoCH for buyers are drawn by a Fire-Brick color, and CHoCH for sellers are drawn by a Dodger-Blue color.... The latest CHoCH is standing only as a trend filter :party:


(2) Automatic stop loss and TP by EA

After the order is opened, our precious EA place automatic stop loss two pips above the order block for a sell , and two pips below the order block for a buy . , then using a risk reward ratio of 1:4 for a Take Profit. i.e if the obtained SL was 30 pips, the TP will be 120 pips. ,..... if the SL was 40 pips, TP will be 160 pips .:inlove::inlove:


(3) Adding back an option of Opposite Close – True/False

While testing, I have realized our precious “rev D” always close a previous trade at an opposite order block, (I knew it by applying bigger SL & TP) :party: While using a Noise Filter, it’s better to switch off this opposite close thing to provide a marvelous enough room for a swing trade! :h:


Thank you my big friend Tanaka! You’re the Legend :inlove: We are kindly and patiently waiting for your Magic !
Click to expand...

have you a good set file?
I'd like try a backtest
 
Kindly click Show FVG input inside indicator as true.

You will see green line shown in pic known as Fair Value Gap

If FVG line inside rectangle order Block.. then buy trade

And if fvg is pink inside pink order block then sell trade..
 

Attachments

  • IMG_20230616_215229_130.jpg
    IMG_20230616_215229_130.jpg
    29.9 KB · Views: 428
Feni Bovu said:
My big friend, I really appreciate the magic touch! Wow! This "rev D" is working as it should! Kindly allow me to suggest just three extra features to make this EA a dangerous weapon!


(1) Adding a Noise Filter. .

When i say a noise filter i mean the whole process of trading by following a trend of the latest CHoCH and avoiding counter trends. If the latest CHoCH is for buyers, the EA takes buy trades only.. and when the latest CHoCH is for sellers, the EA open sell trades only. This is how we increase the probability of an ORDER BLOCK to hold a trade!

NB: In our indicator, CHoCH for buyers are drawn by a Fire-Brick color, and CHoCH for sellers are drawn by a Dodger-Blue color.... The latest CHoCH is standing only as a trend filter :party:


(2) Automatic stop loss and TP by EA

After the order is opened, our precious EA place automatic stop loss two pips above the order block for a sell , and two pips below the order block for a buy . , then using a risk reward ratio of 1:4 for a Take Profit. i.e if the obtained SL was 30 pips, the TP will be 120 pips. ,..... if the SL was 40 pips, TP will be 160 pips .:inlove::inlove:


(3) Adding back an option of Opposite Close – True/False

While testing, I have realized our precious “rev D” always close a previous trade at an opposite order block, (I knew it by applying bigger SL & TP) :party: While using a Noise Filter, it’s better to switch off this opposite close thing to provide a marvelous enough room for a swing trade! :h:


Thank you my big friend Tanaka! You’re the Legend :inlove: We are kindly and patiently waiting for your Magic !
Click to expand...


Here is a screenshot of the latest CHoCH used to filter Noise! / Trend Filter

Screenshot_108.png Screenshot_107.png
 

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  • Screenshot_107.png
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Shreyas said:
Kindly click Show FVG input inside indicator as true.

You will see green line shown in pic known as Fair Value Gap

If FVG line inside rectangle order Block.. then buy trade

And if fvg is pink inside pink order block then sell trade..
Click to expand...

Wow! Thank you for this awesome method :party: you're the legend !
 
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