Specter SMC EA #033
USD 4,000
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- Specter SMC EA #033
More details
- Specter SMC EA – User Guide
- Concept
- This Expert Advisor (EA) is built around Smart Money Concepts (SMC).
- It looks for institutional-style price action patterns before placing trades.
- Core sequence:
- 1. Liquidity Sweep → price takes out a recent high/low (stop hunt).
- 2. Break of Structure (BOS) → confirms a shift in market direction.
- 3. Order Block (OB) → EA identifies the valid OB zone (body-only option).
- 4. Fair Value Gap (FVG) → optional filter, ensures OB confluence.
- 5. Entry & Execution → pending order placed at OB (or 50% level).
- How the EA Works
- 1. EA scans every new bar on Structure TF:
- o Checks for Liquidity Sweep.
- o Confirms Break of Structure (BOS).
- o Identifies Order Block (OB).
- o Confirms OB + FVG confluence (if enabled).
- 2. When conditions match:
- o Places pending Buy/Sell Limit order.
- o Calculates lot size based on risk %.
- o SL at OB edge (or ATR).
- o TP managed via partial closes:
- ▪ TP1 closes X% of position.
- ▪ TP2 closes remaining lots.
- o SL automatically moves to Breakeven when 1R is reached (if enabled).
- Recommended Setup Examples
- • EURUSD H1:
- o Risk = 1%
- o TP1 = 1R, Close 50%
- o TP2 = 2R, Close 50%o OB Body Only = true
- o Require Sweep = true
- o BOS by Close = true
- • Gold (XAUUSD) M30:
- o Risk = 0.5%
- o ATR SL (1.5 × ATR14)
- o FVG MinPoints = 20
- o Use Session Filter: 7 → 20 server time