Thinkwealth Smart Signal Pro: Free MT5 Expert Advisor

Overview

Thinkwealth Smart Signal Pro identifies entries using Smart Money Concepts like break of structure and order blocks, confirmed by MACD, Stochastic, and Parabolic SAR indicators. Risk management is a primary focus, offering percentage-based position sizing, a minimum 1:2 reward-to-risk ratio, and hard limits on daily losses and consecutive failures. The system also includes a session filter and spread protection to avoid volatile market conditions.

Smart Money Concepts structure analysis

Multi-timeframe trend and momentum confirmation

Percentage-based lot sizing with reward-risk controls

Daily drawdown and consecutive loss limits

Details

Author

icotech2019 on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

SMC / ICT / price action, Trend following, Indicator crossover

Markets

Forex

Timeframes

M1-M5, M15-H1

Risk profile

No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.

EA files

ThinkwealthSmartSignalProEA_V2.mq5

Source

github.com/icotech2019/ThinkwealthSmartSignalProEA_V2.mq5

Input parameters

Read from ThinkwealthSmartSignalProEA_V2.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default
`MagicNumber`	`ulong`	`20260813`
`EnableTrading`	`bool`	`true`
`OneTradePerSymbol`	`bool`	`true`
`UseRiskPercent`	`bool`	`true`
`RiskPercent`	`double`	`1.0`
`FixedLot`	`double`	`0.01`
`RewardRisk`	`double`	`2.0`
`MaxDailyLoss`	`double`	`3.0`
`MaxConsecutiveLoss`	`int`	`3`
`MaxSpreadPoints`	`int`	`30`
`UseSessionFilter`	`bool`	`true`
`SessionStartHour`	`int`	`7`

Show all 27 inputs

Name	Type	Default
`SessionEndHour`	`int`	`20`
`MACDFast`	`int`	`12`
`MACDSlow`	`int`	`26`
`MACDSignal`	`int`	`9`
`StochKPeriod`	`int`	`5`
`StochDPeriod`	`int`	`3`
`StochSlowing`	`int`	`3`
`StochOversold`	`double`	`20.0`
`StochOverbought`	`double`	`80.0`
`SARStep`	`double`	`0.02`
`SARMaximum`	`double`	`0.20`
`SwingLookback`	`int`	`10`
`StopBufferPoints`	`int`	`50`
`DrawSignals`	`bool`	`true`
`EnableAlerts`	`bool`	`true`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone icotech2019/ThinkwealthSmartSignalProEA_V2.mq5 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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