SMC Breakout Entries with Premium-Discount and ATR Trade Management
Summary
This strategy combines market-structure breaks with fair value gaps and premium-discount zones to generate long and short entries. It can use internal or swing pivots, and optionally require divergence or a Bollinger midpoint condition. A volume comparison marks signals as strong, while an ATR-based stop, partial profit target, and trailing stop manage open positions.
The script includes configurable inputs, chart annotations, a confluence score, and a dashboard that reports measures such as win rate and net profit. These are outputs calculated from the selected chart history, not evidence that the method is profitable. The document provides code and settings but no independent performance analysis, market-specific validation, or discussion of execution costs. Its rules depend on indicator and pivot definitions, so results may vary by market, timeframe, and parameter choices.
Key ideas
- Entries require a market-structure break, with optional fair value gap and premium-discount confirmation.
- Longs and shorts can be restricted to internal or swing structure signals.
- Optional divergence and Bollinger midpoint filters add further entry conditions.
- Stops use ATR distance, with a partial target and a trailing stop for remaining exposure.
- The dashboard displays backtest statistics and a confluence score, but the document gives no validation of performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.