BTCETH SMC BOS Auto Trader (PineConnector) — Strategy by jedenewilliams94
By jedenewilliams94
Performance Metrics
- Author: jedenewilliams94
- Symbol: VANTAGE:BTCETH
- Timeframe: 1 hour
- Net P&L: +188.83 ETH (+0.02%)
- Win Rate: 97.5%
- Profit Factor: 12.111
- Max Drawdown: 2.69 ETH (0.00%)
- Total Trades: 1,321
Description
🧠 1. Strategy TypeThe script is a TradingView strategy that:Detects Break of Structure (BOS) in priceOpens buy or sell tradesSends alerts to PineConnectorPineConnector then sends the trade to MT4/MT5So the flow is:TradingView → Alert → PineConnector → MT4/MT5 → Trade executes⚙️ 2. PineConnector SettingsLicenseID = "8839876542677"symbol = "BTCETH"riskvalue = "1"This section tells PineConnector:LicenseID → identifies your PineConnector accountsymbol → the market to trade (BTCETH)riskvalue → lot size or risk parameter used by the EAExample signal sent:8839876542677,buy,BTCETH,risk=1📉 3. Trade Settingssl_pips = 200tp_pips = 400trail_pips = 150These control risk management.Setting MeaningStop Loss 200 pips awayTake Profit 400 pips awayTrailing Stop locks profit by trailing priceSo the bot always has risk control built in.📊 4. Market Structure DetectionhighestHigh = ta.highest(high, lookback)lowestLow = ta.lowest(low, lookback)The script checks the highest high and lowest low over the last candles.Example with lookback = 10:Finds the highest price of the last 10 candlesFinds the lowest price of the last 10 candlesThis defines market structure.🚀 5. Break of Structure (BOS)bullishBOS = close > highestHigh[1]bearishBOS = close < lowestLow[1]Buy SignalA buy trade triggers when:Current candle closes ABOVE the previous structure highMeaning bullish breakout.Sell SignalA sell trade triggers when:Current candle closes BELOW the previous structure lowMeaning bearish breakout.📈 6. Structure Lines on Chartplot(highestHigh)plot(lowestLow)These lines help you visually see structure levels.Green line = resistanceRed line = support🔔 7. Alert Message Sent to PineConnectorExample buy alert:8839876542677,buy,BTCETH,risk=1,sl=200,tp=400Example sell alert:8839876542677,sell,BTCETH,risk=1,sl=200,tp=400PineConnector reads this message and executes the trade in MT5 automatically.🔄 8. Trailing Stopstrategy.exit(... trail_points ...)This means:When the trade moves into profit:Stop loss moves with priceLocks profit automaticallyExample:Entry Price moves Stop moves1.1000 1.1020 SL moves higher1.1040 1.1025 profit protected📊 9. How the Bot Trades BTCETHThe bot is essentially a breakout trader.It waits for:1️⃣ Price consolidates2️⃣ Structure forms3️⃣ Price breaks structure4️⃣ Bot enters tradeThis works well on:CryptoGoldIndices