SMC Structure Trade EA
- Platform
- MetaTrader 5
- Type
- Expert Advisor
- Version
- 1.00
- Licence
- Free to download
- Published
- 8 Jun 2025
- Last updated
- 3 Sep 2026
- Download
- 1 file · 21.8 KB
- Author
- Allan Munene Mutiiria
Overview
The SMC Structure Trade Bot is an Expert Advisor for MetaTrader 5, designed to automate forex trading using Smart Money Concepts (SMC) via a custom Market Structures MT5 indicator. Ideal for traders seeking institutional-style setups, it detects bullish and bearish market structure borders, triggering buy or sell trades with a 0.01 lot size and fixed risk parameters. Its strength lies in its precise SMC signal detection and clean trade execution, offering a reliable tool for structure-based trading.
Features
This Expert Advisor delivers a focused SMC trading system. Indicator Integration: Uses a custom Market Structures MT5 indicator to identify upper (bullish) and lower (bearish) borders, signaling potential trend shifts. Signal Generation: Triggers a buy when the bid price exceeds a new upper border price, or a sell when the ask price falls below a new lower border price, confirmed on new bars to prevent duplicates. Trade Execution: Opens trades with 0.01 lots, a 100-pip stop-loss, and a 100-pip take-profit, with no magic number. Signal Control: Tracks border formation time and price, ensuring one trade per signal using timestamp validation. Efficient Execution: Processes signals on each tick, compatible across timeframes and symbols, with minimal resource usage.
Benefits
The SMC Structure Trade Bot automates complex Smart Money Concepts, enabling traders to capitalize on institutional market movements effortlessly. Its 1:1 risk-reward ratio ensures disciplined trading, while precise signal timing reduces false entries, making it ideal for swing or positional trading. The lightweight design integrates seamlessly into any setup. Supported by Allan Munene Mutiiria, this Expert Advisor provides a sophisticated, user-friendly solution for SMC traders.
Specifications
- Type: Digital software (Expert Advisor for MetaTrader 5)
- Platform: MetaTrader 5
- Language: MQL5
- Version: 1.00
- Developer: Allan Munene Mutiiria - https://t.me/Forex_Algo_Trader
- Link: https://youtube.com/@ForexAlgo-Trader
- Requirements: Active MetaTrader 5 platform, custom Market Structures MT5 indicator
- Indicator: Custom Market Structures MT5 (upper/lower border signals)
- Trade Settings: 0.01 lots, 100-pip SL/TP, no magic number
- Signals: Buy on bid > upper border, sell on ask < lower border
- Execution: Tick-based, new bar signal validation
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