Smart Money Bot [MTF Confluence Edition]

Uses multi-time frame analysis and supply and demand strategy.
Best used when swing trading.

Release Notes

A professional-grade Supply & Demand strategy designed for the 4-Hour timeframe. Features Multi-Timeframe trend filtering, dynamic momentum detection, and a "Safety Breakeven" engine to protect capital while letting winners run.

Release Notes

I have developed a 4-hour swing trading strategy called the Smart Money Bot that uses supply and demand zones filtered by multi-timeframe trends to capture institutional moves. It identifies zones based on momentum candles and only enters when an engulfing pattern confirms the direction in alignment with the weekly trend. The script features dynamic position sizing to risk a fixed percentage per trade, targeting a 1:2 risk-to-reward ratio. To manage open positions, it employs a 500-point trailing stop to lock in major swings and a configurable 200-point safety trigger to move stops to breakeven. I am seeking feedback on the code and logic, specifically looking for ways to reduce gross drawdown without cutting winners short. Please test this logic on various asset classes and share your optimization results so we can improve the overall robustness.

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

bakinyemi24

Disclaimer

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Open-source script

bakinyemi24