Discussing the article: "How to Integrate Smart Money Concepts (BOS) Coupled with the RSI Indicator into an EA"

 

Check out the new article: How to Integrate Smart Money Concepts (BOS) Coupled with the RSI Indicator into an EA.

Smart Money Concept (Break Of Structure) coupled with the RSI Indicator to make in informed automated trading decisions based on the market structure.

n the fast-paced world of foreign exchange trading, having a reliable and efficient trading system is crucial for success. Trading in general has plenty of terms, concepts, and strategies. Often at times it can be over whelming, especially for new traders who are still trying to find their footing in the trading industry.  Smart Money Concept(SMC) is one of the trending concepts in forex trading, but it can be difficult at times for new traders or for anyone to use smart money concepts in their trading.

To solve this problem, there should be a robust tool for automating trading decision based on market structure and price action. The solution is to couple the Smart Money Concept (Break Of Structure) with the popular Relative Strength Index(RSI) indicator. This combination provides a strategic edge by leveraging both price action and momentum analysis, which enhances the accuracy of trade entries and exits, aiming to optimize trading performance.



Author: Hlomohang John Borotho

 

For copyright issues this article copies directly the code in parts from the original article found at https://www.mql5.com/en/articles/15017 published by @Allan Munene Mutiiria which is originally owned by the author. You should have reserved the courtesy of tagging the original author of the content implemented, which is also found specifically here in YouTube video. 

For example:

Original content:

ORIGINAL 1

Copyrighted content:

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At least you could try to implement your own logic other than just copy and paste not only the logic but also the exact variables used. Here is an example:
Original content:

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Clearly some credibility is due to @Allan Munene Mutiiria




A Step-by-Step Guide on Trading the Break of Structure (BoS) Strategy
A Step-by-Step Guide on Trading the Break of Structure (BoS) Strategy
  • www.mql5.com
A comprehensive guide to developing an automated trading algorithm based on the Break of Structure (BoS) strategy. Detailed information on all aspects of creating an advisor in MQL5 and testing it in MetaTrader 5 — from analyzing price support and resistance to risk management
 
Allan Munene Mutiiria #:

For copyright issues this article copies directly the code in parts from the original article found at https://www.mql5.com/en/articles/15017 published by @Allan Munene Mutiiria which is originally owned by the author. You should have reserved the courtesy of tagging the original author of the content implemented, which is also found specifically here in YouTube video. 

For example:

Original content:


Copyrighted content:


At least you could try to implement your own logic other than just copy and paste not only the logic but also the exact variables used. Here is an example:
Original content:


Copyrighted content:


Clearly some credibility is due to @Allan Munene Mutiiria




I apologize to you sir

I will tag you under references, originally I got the motivation from YouTube video by forex algo trader, I sincerely didn't know the existence of the original article.