- June 22, 2023
- Posted by: Forex Wiki Team
- Category: Forex Trading System
Smart Market Structure Concepts Review
In the fast-paced world of forex trading, having access to reliable trading signals and effective indicators is crucial for making informed trading decisions. The Smart Market Structure Concepts is an innovative trading system that combines multiple indicators to provide traders with high-probability trading opportunities. In this article, we will delve into the various indicators used in this trend strategy and explore the trading rules that can help you maximize your trading profits.
Version: V 1.0
Terminal: MT4
Year of issue: 2023
Working pairs: Gold, Nasdaq, All currency pairs
Recommended timeframe:M30 & H1 , H4
Best Brokers List
Smart Market Structure Concepts works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Smart Market Structure Concepts Settings:
Indicators Used in the Smart Market Structure Concepts
- Confluence 2 and Confluence 5: The Confluence 2 and Confluence 5 indicators play a vital role in this trading system. These proprietary indicators help traders identify trading opportunities where multiple factors align, indicating a favorable price move. By analyzing different degrees of confluence, traders gain a broader perspective on market conditions, enhancing their decision-making process.
- Zone Indicator: The Zone Indicator is a fundamental tool in the Smart Market Structure Concepts. It enables traders to identify support and resistance zones in the market. These zones represent price levels at which significant buying or selling pressure can lead to price reversals or continuations. Recognizing these zones allows traders to anticipate potential price movements and plan their trades accordingly.
- Trend Signal: The Trend Signal indicator is the centerpiece of the Smart Market Structure Concepts. It assists traders in identifying the overall trend direction and potential entry points. By analyzing the trend signal, traders can align themselves with the prevailing market sentiment, increasing their chances of success.
- Trend Meter: The Trend Meter provides traders with a visual representation of market trends. By assessing the strength of a trend at a glance, traders can make informed decisions about entering or exiting trades. The Trend Meter is a valuable tool that empowers traders to stay ahead of market trends and capitalize on profitable opportunities.
- Levels Reversal: The Levels Reversal tool in the Smart Market Structure Concepts is designed to identify potential turning points in the market. By pinpointing areas where the price has a high probability of reversing direction, traders can seize opportunities for profit. Recognizing these levels empowers traders to make timely decisions and execute trades with precision.
Trading Rules for the Smart Market Structure Concepts
Buy Entry:
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- Trend Signal: Look for a light blue buy arrow.
- Blue bars: Confirm that the blue bars are below the price.
- Support Zone: Identify a green box as a support zone.
- Level reversal Buy: Look for the appearance of blue "Buy" text.
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Sell Entry:
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- Trend Signal: Look for an orange sell arrow.
- Orange bars: Confirm that the orange bars are above the price.
- Resistance Zone: Identify a red box as a resistance zone.
- Level reversal Sell: Look for the appearance of yellow "Sell" text.
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Trade Exit:
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- Profit Target: Liquidate positions using a fixed profit target or refer to previous support, resistance, or high-low levels to set a profit target. Alternatively, exit the trade manually if system conditions reverse.
- Stop Loss: Place the initial stop loss below/above the last swing high/low.
- Risk-Reward Ratio: Aim for a profit target that is at least 2.5 times the size of the stop loss.
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Conclusion
The Smart Market Structure Concepts offer a comprehensive and effective trend strategy for forex trading. By combining multiple indicators, traders gain a deeper understanding of market conditions and can identify high-probability trading opportunities. However, it is crucial for traders to understand and apply risk management principles when using this system. By following the provided trading rules, traders can enhance their trading performance and increase their chances of success in the dynamic forex market.
Download the Smart Market Structure Concepts
Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex ea works before using it on a live account.
Disclaimer: Trading in the Forex market involves risk, and it is essential to conduct thorough research and seek professional advice before making any trading decisions. The information provided in this article is for educational purposes only and should not be considered financial or investment advice.