NAS100 Practical SMC 5m v12 — Strategy by AdvJavedkhan
By version
Performance Metrics
- Author: version
- Symbol: IG:NASDAQ
- Timeframe: 15 minutes
- Win Rate: 40.0%
- Profit Factor: 2.287
Description
//version=6// Apply to NAS100 5-minute standard candles.strategy("NAS100 Practical SMC 5m v1", overlay=true, pyramiding=0, process_orders_on_close=true, initial_capital=10000, default_qty_type=strategy.percent_of_equity, default_qty_value=100, commission_type=strategy.commission.percent, commission_value=0.02, slippage=2, calc_on_order_fills=false)g1 = "SMC setup"sessionNY = input.session("0935-1200", "New York session", group=g1)lookback = input.int(12, "Liquidity lookback bars", minval=3, group=g1)emaLen = input.int(20, "Confirmed 1-hour bias EMA", minval=2, group=g1)g2 = "Risk"buffer = input.float(8, "Stop beyond sweep", minval=1, group=g2)rr = input.float(2.0, "Reward/risk", minval=1, step=0.25, group=g2)maxTrades = input.int(2, "Max trades per day", minval=1, group=g2)inSession = not na(time(timeframe.period, sessionNY, "America/New_York"))// Last closed H1 bar only: prevents look-ahead.h1Close = request.security(syminfo.tickerid, "60", close[1], lookahead=barmerge.lookahead_on)h1Ema = request.security(syminfo.tickerid, "60", ta.ema(close, emaLen)[1], lookahead=barmerge.lookahead_on)bullBias = h1Close > h1EmabearBias = h1Close sellSidebearSweep = inSession and bearBias and high > buySide and close high[1]sellSignal = not na(bearBar) and bar_index == bearBar + 1 and close bullBar bullBar := naif not na(bearBar) and bar_index > bearBar bearBar := navar int count = 0if ta.change(time("D")) != 0 count := 0var float entry = navar float stop = navar float target = naif strategy.position_size == 0 and count 0 s = high >= entry + (entry-stop) ? math.max(stop, entry) : stop strategy.exit("BUY exit", "SMC BUY", stop=s, limit=target)if strategy.position_size < 0 s = low <= entry - (stop-entry) ? math.min(stop, entry) : stop strategy.exit("SELL exit", "SMC SELL", stop=s, limit=target)plot(h1Ema, "Confirmed 1h EMA", color=color.orange)plotshape(buySignal, "Buy", shape.triangleup, location.belowbar, color=color.lime, text="BUY")plotshape(sellSignal, "Sell", shape.triangledown, location.abovebar, color=color.red, text="SELL")