SMC EA determines direction on higher timeframes like H4, defines structure on middle timeframes, and identifies entries on lower timeframes through swing highs and lows, break of structure, order blocks, fair value gaps, and liquidity sweeps. A weighted scoring system calculates signals when the net score exceeds the entry threshold. Trades are exited using structural stop loss and take profit levels combined with ATR buffers. Risk controls include maximum spread filtering, margin checks, normalized lot sizing, and automatic closure of opposite positions before new entries. The EA supports multiple modules with adjustable parameters for secondary development and backtesting.
Read from Smc.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
SymbolNamer
string
EURUSD
InpMagic
int
20250930
InpSlippage
int
30
InpMaxSpread
double
50
How to Install It
1Download the sourceUse "Download source (.zip)" above, or clone bywinds/mt5_smc 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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