SMC Breakout Entries with Session and Liquidity Filters

Summary

This strategy combines a recent-range breakout trigger with a session filter and a liquidity-inducement condition. It checks whether price exceeds a recent high or low, then enters when price crosses a shorter lookback boundary during configured trading hours. The script also defines volatility-based bullish and bearish order-block conditions, although those variables do not gate its entries. Exits use fixed loss and profit distances linked by a configurable reward-to-risk ratio.

The accompanying description reports a win rate, profit factor, and drawdown from optimizations on major currency pairs, but gives no sample size, dates, costs, or methodology. The source code does not implement the advertised fixed-percentage position sizing, and its displayed “READY” signal does not include all entry filters. Treat the performance claims cautiously: the available material does not establish robust out-of-sample results, and the strategy report may depend on settings and market conditions.

Key ideas

• Entries require both a recent-range breakout and a liquidity condition during the selected session.
• The script calculates order-block signals but does not use them to determine entries.
• Exits use a fixed loss distance and a profit distance scaled by the reward-to-risk setting.
• The displayed signal status omits session and liquidity checks, so it may not match actual entry eligibility.
• Reported backtest metrics lack details about sample size, costs, and validation.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.