HappyRe: Smart Money Concept (SMC) indicators for MT4

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Nowadays, market makers employ the "SMC trap" technique to catch SMC traders off guard by taking out liquidity at key levels. Here's a well-known SMC trader sharing his views regarding this. Do you share this person's point of view?



Let's have a discussion.

Based on this, what is your personal criteria to make sure that you don't fall into this trap?

Any constructive views are welcome :)

Thanks in advance.

Re: Smart Money Concept (SMC) indicators for MT4

225
kayroll12 wrote: Sat Aug 31, 2024 9:13 pm Nowadays, market makers employ the "SMC trap" technique to catch SMC traders off guard by taking out liquidity at key levels. Here's a well-known SMC trader sharing his views regarding this. Do you share this person's point of view?



Let's have a discussion.

Based on this, what is your personal criteria to make sure that you don't fall into this trap?

Any constructive views are welcome :)

Thanks in advance.
Imagine a trader able to be succesful as every youtuber claims to be. Instead of making videos, they would be trading full time. They earn money from selling trainings, mentoring and from video views. ICT / SnD / SMC, sometimes this stuff works, sometimes it does not.

A simple MACD crossover on a pullback in a well determined trend works 99% of the times.

Reality is rooted in simplicity, everything is a derivative element of price. If you want an honest advice, curiosity is always good, learning everything is great, but we don't have infinite time to become profitable. Focus on things that you can replicate scientifically, do your backtests, always.

+C+
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Asur
"I conjure from shadows and shape fortunes from the unseen. The treasure lies hidden in plain sight, beneath the sunlight." - Cagliostro


Re: Smart Money Concept (SMC) indicators for MT4

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I just found an interesting free SMC indicator! 😊 It's available for free, but due to rules, I can't insert external links as it might be considered promotion. Please Google 'TradingView EzAlgo' to find it. They will provide you with its source code, which you can use on TradingView.
These users thanked the author ujtrader for the post:
DVanAssen
Don't fight the market let it reveal its tricks, then strike with precision. 💪🥊

Re: Smart Money Concept (SMC) indicators for MT4

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Great coders, I need your help.
I don't know if there is an indicator that connects me with a line the high and low of the day during a week.
If in case any coder can help me in coding or providing this indicator, as seen in the attached graph, ONE LINE SHOULD CONNECT THE HIGH AND LOW OF EACH DAY DURING THE DAYS OF THE WEEK, ONLY THAT. TIME FRAME OF 1 HOUR
***it should only connect the high and low of the day a zig zag indicator does not do that. Please I need your help
Thank you very much for great contribution.

Re: Smart Money Concept (SMC) indicators for MT4

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ujtrader wrote: Thu Sep 12, 2024 12:28 am I just found an interesting free SMC indicator! 😊 It's available for free, but due to rules, I can't insert external links as it might be considered promotion. Please Google 'TradingView EzAlgo' to find it. They will provide you with its source code, which you can use on TradingView.
Post the script code here as your provided name does not exist on internet or gives false links.

Re: Smart Money Concept (SMC) indicators for MT4

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snoopyzam wrote: Sun Sep 22, 2024 3:09 am Post the script code here as your provided name does not exist on internet or gives false links.
:mistake: ;)

I already gave the right keyword, you just gotta search for it. The indicator is on a site where you need to put in your email to get it. Can’t post the code here because that’s the owner’s terms. See the attached snapshot... now go and prepare your own dinner. 😏
Don't fight the market let it reveal its tricks, then strike with precision. 💪🥊

Re: Smart Money Concept (SMC) indicators for MT4

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snoopyzam wrote: Sun Sep 22, 2024 3:09 am Post the script code here as your provided name does not exist on internet or gives false links.
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snoopyzam
At the back of a road in common use is another road in the mountain of flowers; you may take either way but be in time still in bloom.(Rikyu SEN)
人の行く裏に道あり花の山
いずれを行くも散らぬ間に行け (利休百首外から)