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Smart Market Structure Opportunity Scanner Try

5

1. Updated usage instructions in blog below: 

Smart Market Structure Trading System and Automatic Scanner - Trading Systems - 13 October 2023 - Traders' Blogs (mql5.com)

https://www.mql5.com/en/blogs/post/754495

2. The Smart Market Structure Opportunity Scanner is a great tool to find trading entries and exits based on Smart Money

Concepts. It has a build-in custom choice of Forex pair lists to choose from for the scan, and it also has a user-defined

entry choice to put down your own list of Forex, Crypto, Index or any markets that you're interested in following to find

great opportunities for entries and exits. 


By default, it will scan the whole 28 list of forex pairs, and display in real time the Highest and Lowest values on Today,

Yesterday, the Week, the Month, 2 Months, 3 Months, 6 Months, 12 Months and 24 Months. And it displays the price

difference of current value of all forex pairs to those Highest/Lowest values, and shows the pip difference on a graphic

form in real time. 


Based on the Smart Money Concepts, these important Higher Timeframe High and Low values are what smart money

(institutions) use for their entries and exits. 


It also gives the user the option to choose and change the color settings, and alerts based on the pip difference levels.

For example, when we set the 30-pip difference on 2-month or 3-month charts, it will highlight all pairs that has <= 30

pip from its highest or lowest values of this time periods. 


This way, there is no need to flipping charts of different pairs to find which pairs are closer to an important price level

and are at a prime time for entry. It will help greatly to find low-risk opportunities to trade, and not have to wait for

days or weeks before an opportunity is ready, no matter what your trading timeframe is. 


- Columns for 6 days of ATR ( Average True Range ) for the whole week, plus one day. We could see the maximum price

movements for each day for the last 6 trading days for all pairs. It can help us pinpoint the pairs that were consolidating

in the last few days and would have big impulse move soon. It can also help us pinpoint the pairs that have just finished

big impulse moves and may reverse soon. 


- 6 color settings for 6 custom levels of ATR ( for example, to set the color to yellow when ATR is less than 30 pips in one

day,  or set the color to OrangeRed when ATR is greater than 200 pips in one day. ) The best part is you can decide the

pip distance levels in the input screen for your own specific trading needs.


- 6 color settings for 6 custom levels of Higher-Level Highs and Lows.  ( for example, to set the color to yellow when

current price is less than 5 pips to a higher-level High/Low,  or set the color to Violet when current price is in between

100 pips and 200 pips to a Higher-level High/Low. )  You can choose the pip distance in the input screen to fine-tune the

level you want to be noticed about.


- For example, I have pre-set the pip distance to 5 pips for yellow color for Yesterday's High/Low, Today's High/Low, and

Pivot columns. It'll be so easy to pick up the most accurate Double tops and Double bottoms for day-trading with the 5-pip

setting, as color Yellow would highlight all the pairs in real time when price approaches Yesterday's High/Low, and Today's

High/Low. It's just one example on how to take advantage of the vast calculating power for a day trader, to get the most

accurate entry price without waiting anxiously for a long time for price to get to these levels that Smart Money uses for

reversals on the daily basis. 


- With pivots, you can even set the pip distance to 1 or 2 pips to be notified with the color settings you prefer, and trade

from one pivot level to another pivot level. This one tip alone, would provide countless opportunities for day trading based

on price move in between pivots for all forex pairs. With one glance over the table, you'll see which pair is only 1 or 2 pip

away from a major pivot level and may reverse from there imminently. It's just a great tool to find super accurate entry

opportunities without much waiting. And super accurate entry point is more than half of the battle for trading success! 


- Alert function options for all signals, including Alert Messages on MT4 desktop app,  push notification to mobile phone MT4

app, sound notifications, and email notifications. 

- The ability to write all signals to an output file under MQL4/File directory. So users would have the luxury to examine

today's signals at ease anytime, and prepare for his/her next trade. 

- All signals ( pip distance to significant levels ) can be customized at the input screen. 

- The display panel would show all the pip distances for all pairs and for all the Higher Level High/Lows. So user can decide

to trade into the HTF High/Low level with the trend direction, or wait for reversal when current price gets close to these

levels. One more option for the trader to decide based on his/her own preference.  


3. Big Pivots ( Weekly Pivot Points and Monthly Pivot Points ) has been added in the newer version. The detailed description

is in the other product I have called "Higher TimeFrame Pivots Scanner". All explanations and usages are described there. 

Since weekly pivot levels don't change  quickly( unlike the daily pivot points, or indicators that keep changing their values ), 

when price cross one of these extreme levels, it has a much higher probability of reversal. That's where accurate entries 

can be located for very low risk. 


-------------------------------------------------------------------------------------------------------------------------------------------------------

Please let me know if you have any questions. I hope this can help your trading greatly. 



Reviews 2
Aravind Kolanupaka
8925
Aravind Kolanupaka 2023.10.29 15:46 
 

Good one, but what is the difference between this try version and paid one ?

arpiadi
25
arpiadi 2023.10.12 10:54 
 

i confused . how to use it ??? on trading .

how reading this indicator ?

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More from author
1. Updated usage instructions in blog below:  Smart Market Structure Trading System and Automatic Scanner - Trading Systems - 13 October 2023 - Traders' Blogs (mql5.com) https://www.mql5.com/en/blogs/post/754495 2.1 YouTube video link for updated Panel control and new features:  https://youtu.be/LM699E7JS3E 2.2 YouTube video link for feature introduction:   https://youtu.be/tMU04wo0bc8 3. Smart Money Concepts, Support and Resistance, Buy Side Liquidity, Sell Side Liquidity, Monthly Highs/Lows, W
1. Updated usage instructions in blog below:  Smart Market Structure Trading System and Automatic Scanner - Trading Systems - 13 October 2023 - Traders' Blogs (mql5.com) https://www.mql5.com/en/blogs/post/754495 2.1 YouTube video link for updated Panel control and new features:  https://youtu.be/LM699E7JS3E 2.2 YouTube video link for feature introduction:   https://youtu.be/tMU04wo0bc8 3. Smart Money Concepts, Support and Resistance, Buy Side Liquidity, Sell Side Liquidity, Monthly Highs/Lows, W
FREE
1. Updated usage instructions in blog below:  Smart Market Structure Trading System and Automatic Scanner - Trading Systems - 13 October 2023 - Traders' Blogs (mql5.com) https://www.mql5.com/en/blogs/post/754495 2. YouTube video link for introduction:   https://youtu.be/tMU04wo0bc8 3. The Smart Market Structure Opportunity Scanner is a great tool to find trading entries and exits based on Smart Money Concepts. It has a build-in custom choice of Forex pair lists to choose from for the scan, and
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Aravind Kolanupaka
8925
Aravind Kolanupaka 2023.10.29 15:46 
 

Good one, but what is the difference between this try version and paid one ?

Wen Rui Tan
2974
Reply from developer Wen Rui Tan 2023.10.30 05:41
Hi Aravind, thank you for your review, and your question. The basic features are the same, I’m adding more advanced functions for the paid version consistently, so you would keep getting more features for the paid version over time with the constant updates.
arpiadi
25
arpiadi 2023.10.12 10:54 
 

i confused . how to use it ??? on trading .

how reading this indicator ?

Wen Rui Tan
2974
Reply from developer Wen Rui Tan 2023.10.13 01:18
Hi arpiadi, Thank you for your review, and your questions. Here are the detailed step-by-step instructions to explain how to use this indicator in your trading. Here is the link: https://www.mql5.com/en/blogs/post/754495
Reply to review
Version 4.6 2024.08.13
minor updates.
Version 4.4 2024.07.05
Version 4.4.
Version 4.3 2024.06.20
- minor updates.
Version 4.2 2024.06.13
- Added Weekly Pivots ( Monthly Pivots too ). And alerts based on price getting close to these
bigger timeframe pivot points.
Version 4.1 2024.05.30
- Update the FUL_LIST symbols and group different pairs together so it's easy to see because similar pairs
move together in the same direction.
- AUD pairs, CAD pairs, CHF pairs, NZD pairs, JPY pairs, USD pairs, are all grouped together so it's very easy
to identify when they all moved in same direction for similar amounts of Pips Distance, or when they all
reached a milestone Support/Resistance level, like 24 month High/Low, 6 month High/Low.
- Makes it easier to identify higher probability trades before it happens, or when direction is about to change
or when the move is happening in real time.
Version 4.0 2024.05.15
Trial Version update. with the latest features.
It works on all EUR pairs.
Version 3.8 2024.03.27
Version 3.8.
Minor fixes.
Version 3.7 2023.12.20
minor updates.
Version 3.6 2023.11.29
some updates and fixes.
Version 3.4 2023.11.21
minor fixes.
Version 3.3 2023.11.07
minor patch
Version 3.1 2023.11.02
minor fixes.
Version 3.0 2023.11.02
Version 3.0:

- Added Alert function options for all signals, including Alert Messages on MT4 desktop app, push notification to mobile phone MT4 app,
sound notifications, and email notifications.
- Also added the ability to write all signals to an output file under MQL4/File directory. So users would have the luxury to examine today's
signals at ease anytime, and prepare for his/her next trade.
- All signals ( pip distance to significant levels ) can be customized at the input screen.
- the display panel would show all the pip distances for all pairs and for all the Higher Level High/Lows instead of only showing significant
ones before. So user can decide to trade into the HTF High/Low level with the trend direction, or wait for reversal when current price
gets close to these levels. One more option for the trader to decide based on his/her own preference.

Version 2.0 2023.10.29


Version 2.0:

- Added Columns for 6 days of ATR ( Average True Range ) for the whole week, plus one day. This way we could see the maximum
price movements for each day for the last 6 trading days for all pairs. It can help us pinpoint the pairs that were consolidating in
the last few days and would have big impulse move soon. It can also help us pinpoint the pairs that have just finished big impluse
moves and may reverse soon.

- I added 6 color settings for 6 custom levels of ATR ( for example, to set the color to yellow when ATR is less than 30 pips in one
day, or set the color to OrangeRed when ATR is greater than 200 pips in one day. ) The best part is you can decide the pip
distance levels in the input screen for your own specific trading needs.

- I also added 6 color settings for 6 custom levels of Higher-Level Highs and Lows. ( for example, to set the color to yellow when
current price is less than 5 pips to a higher-level High/Low, or set the color to Violet when current price is in between 100 pips
and 200 pips to a Higher-level High/Low. ) You can choose the pip distance in the input screen to fine-tune the level you want
to be noticed about.

- For example, I have pre-set the pip distance to 5 pips for yellow color for Yesterday's High/Low, Today's High/Low, and Pivot
columns. It'll be so easy to pick up the most accurate Double tops and Double bottoms for day-trading with the 5-pip setting,
as color Yellow would highlight all the pairs in real time when price approaches Yesterday's High/Low, and Today's High/Low.
It's just one example on how to take advantage of the vast calculating power for a day trader, to get the most accurate entry
price without waiting anxiously for a long time for price to get to these levels that Smart Money uses for reversals on the daily
basis.

- With pivots, you can even set the pip distance to 1 or 2 pips to be notified with the color settings you prefer, and trade from
one pivot level to another pivot level. This one tip alone, would provide countless opportunities for day trading based on price
move in between pivots for all forex pairs. With one glance over the table, you'll see which pair is only 1 or 2 pip away from a
major pivot level and may reverse from there imminently. It's just a great tool to find super accurate entry opportunities
without much waiting. And super accurate entry point is more than half of the battle for trading success!