Delve into Smart Money Concepts (SMC) and Order Blocks—key chart areas where institutional traders execute large trades, sparking significant price movements. This gives retail traders a strategic edge by aligning with institutional flows. By harnessing tools like Fibonacci retracement, traders can refine entry points, enhance trade accuracy, and monitor price action. Detect Bullish/Bearish Order Blocks using simple candles logic. Leveraging the 61.8% Fibonacci level ensures alignment with institutional activity. The integrated Expert Advisor automates these strategies, continuously scanning the market for market structure, helping traders achieve systematic, high-probability trades mirroring institutional strategies.
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Smart Money Concepts (SMC) trading leverages orderblocks as vital zones of institutional trading. Notably, when these zones are breached, they morph into mitigation blocks, offering unique insights into price retracements and market behavior. The article dives into implementing an Expert Advisor (EA) in MetaTrader 5 to intelligently identify and utilize these orderblock transformations. Key elements include leveraging libraries for efficient data handling, clear graphical representations for orderblock status, and robust trade management. With adaptive logic for real-time market shifts, this EA ensures precise entry points and risk control, promising advanced tools for traders and developers exploring algorithmic solutions in volatile markets.

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