Introduction
The Smart Price Action Concepts MT5 is a trading robot designed to provide traders with a comprehensive set of tools for Smart Money Concepts (SMC) and Inner Circle Trader (ICT) analysis. Developed by Issam Kassas, this indicator aims to simplify the trading process by automating various aspects of market analysis. With a rating of 3.86, it has garnered mixed reviews from users, which we'll delve into shortly.Features Description
The Smart Price Action Concepts MT5 combines over 20 useful indicators into one cohesive tool. Its primary features include:- Non-repainting, non-redrawing, and non-lagging performance.
- Integration of Inner Circle Trader Analysis and Smart Money Concepts Trading Strategies.
- Market structure analysis, including Order Blocks, Break of Structure (BOS), and Change of Character (CHoCH).
- Liquidity analysis to identify zones where institutional players are likely to place trades.
- Trend prediction algorithms to forecast market movements.
- User-friendly control panel for easy customization.
- Alerts for significant market events such as BOS, CHoCH, and liquidity zone breaches.
Performance Analysis
Over the past year, the Smart Price Action Concepts MT5 has shown varying degrees of effectiveness. User reviews highlight its strengths in providing comprehensive market analysis tools. For instance, omch619 praises the indicator for its complete set of tools for SMC/ICT users and the author's supportive assistance. slimemarley notes the indicator's built-in Fibonacci tools and its ability to track current highs and lows, making it a unique and user-friendly toolkit. However, dzjadzja mentions that some users have experienced crashes, recommending starting a new profile to avoid such issues.Pros and Cons
Pros:- Comprehensive set of tools for SMC and ICT analysis.
- User-friendly interface with customizable settings.
- Effective liquidity analysis and trend prediction.
- Positive user feedback on the author's support and assistance.
Cons:
- Some users have reported stability issues and crashes.
- Requires thorough testing in a demo environment before full integration.
- Mixed reviews on overall reliability.
Conclusion
The Smart Price Action Concepts MT5 offers a robust set of features for traders looking to enhance their market analysis capabilities. While it has received positive feedback for its comprehensive tools and user-friendly interface, some stability issues have been reported. As always, it's crucial to thoroughly test any new tool in a demo environment before committing real capital. For those interested in a detailed market analysis tool, this indicator is worth considering, but approach with caution.Source Code of Smart Price Action Concepts MT5
We do not have access to the original source code of the Smart Price Action Concepts MT5 robot sold on MQL5. However, based on the description available on the MQL5 website, we have created a sample code for a trading robot. If you have any questions about the code, feel free to ask. Note that the EASY Trading Team does not sell the Smart Price Action Concepts MT5 robot; we only created a code based on its description.
Code:
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