Fibonacci ICT EA for MetaTrader 5 combines institutional price action concepts with Fibonacci retracement levels. It identifies higher timeframe trends and enters on pullbacks to specific golden zones using confirmations like Break of Structure and Fair Value Gaps. The system includes robust risk management such as per
Trading robot · MT5
Smart Money Concept Order Block
This MetaTrader 5 expert advisor automates trading based on Smart Money Concepts and Order Block identification.
High risk
GitHub stars10
Forks3
Last update3 years ago12 Apr 2023
LicenceNone stated
Overview
Smart Money Concept Order Block analyzes price action across multiple timeframes, utilizing higher timeframe data for trend context and lower timeframes for entries. The system includes trade management tools such as break-even triggers, trailing stops, and equity-based protection mechanisms. It allows for multiple pending orders with configurable step distances between trades. Risk controls are implemented through fixed stop loss points and a maximum floating loss filter to manage account drawdown.
- Multi-timeframe order block detection
- Automated break-even and trailing stop loss
- Equity-based drawdown protection
- Configurable pending order layering
- Time-restricted trading windows
Details
Author
safe2008 on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
SMC / ICT / price action, Grid
Markets
Any symbol
Timeframes
M1-M5, M15-H1
Risk profile
- Opens a grid of orders: exposure builds up in a trend
Input parameters
Read from Smart_Money_Order_Block_Choc.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
DrawSMCOrderBlock | bool | true | Draw SMC Order Block |
TradeAnn | bool | true | Execute Ann Order Block Trades |
TradeSmc | bool | true | Execute SMC Order Block Trades |
BigAnnOBtimeframe | ENUM_TIMEFRAMES | PERIOD_H1 | Higher TimeFrame of ANN OB |
BigSMCOBtimeframe | ENUM_TIMEFRAMES | PERIOD_H1 | Higher TimeFrame of SMC OB |
TinyOBtimeframe | ENUM_TIMEFRAMES | PERIOD_M5 | Lower TimeFrame of OB |
showlder | int | 4 | Shoulder |
startbar | int | 5 | StartBar |
PeaksLookBack | int | 199 | Look Back How Far To Find Order Block |
InpStopLossPoints | int | 150 | StopLoss points Added to open Trade with NO SL |
InpTriggerBEStopLossPoints | int | 210 | TriggerBEStopLossPoints |
InpBEStopLossPoints | int | 50 | BEStopLossPoints |
Show all 29 inputs
| Name | Type | Default | Description |
|---|---|---|---|
InpTrailStopLossPoints | int | 320 | TrailPoints |
TrailMultiplier | double | 1.1 | TrailMultiplier |
InpBuySellQuantity | uchar | 5 | Max Buy Or Sell u want |
InpUpQuantity | uchar | 1 | Pending quantity How many Pending u want |
InpUpStep | ushort | 10 | Step/Gap between orders (in points)Distance Between Order's' |
TS_period | ENUM_TIMEFRAMES | PERIOD_M10 | Pend Price Trig Timeframe |
InpMagicNumber | int | 0 | |
PositionOpenWithin | int | 300 | Open Within Seconds Applies 2 SL |
EndTradingi | string | 11:00 | |
StartTradingii | string | 13:00 | |
EndTradingii | string | 17:00 | |
OrderTest | bool | false | Enable Tester Order (in Backtest Only) |
Slippage | int | 10 | Slippage |
MaxFloatLoss | double | 1.3 | Money Equity Loss Stop |
EquityBEStopLoss | double | 2.5 | Money Equity BE Stop |
EquityTrigBEStop | double | 7 | Money To Trig BE Stop |
EquityTrail | double | 10 | Money To Trail After BE |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone safe2008/smart-money-concept from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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