Description
SmcDrawTool Tool Instructions
I. Basic Information
Tool Type: SMC (Smart Money Concepts) semi-automatic trading assistant tool for cTrader/cAlgo platform
Core Positioning: An all-in-one trading assistant integrating pattern marking, signal recognition, position risk control and close management. No automatic order opening, purely for decision assistance.
II. Core Functions
- Semi-Automatic SMC Pattern Drawing
Supports manual drag-and-drop drawing of bullish/bearish core SMC structures including OB, FVG, CHOCH and BOS. Customizable color, text and transparency; supports text annotation and one-click clear drawing.
- Automatic Pinbar Signal Marking
Automatically identifies and marks valid Pinbar reversal candlesticks based on custom parameters, assisting in judging price reversal signals.
- Accurate Position Cost Calculation
Real-time calculation of breakeven price for mixed long and short positions, with cost horizontal line drawn on the chart to intuitively display net position status.
- Intelligent Risk Control Management
Supports ATR stop loss / Moving Average stop loss, ATR / Moving Average trailing stop loss. Take profit can be set by risk-reward ratio, compatible with multiple moving average types.
- Quick Position Closing
One-click close all positions and custom percentage partial close, simplifying position management operations.
- Trading Notes
You can record trading inspirations, thoughts and ideas here. Wish you smooth trading!
III. Interface & Customization
- Three independent panels: Drawing Tool Panel, Pending Order Management Panel, Close Management Panel, freely switchable on/off.
- Customizable panel position (top/bottom/left/right/center) and scaling ratio.
- Fully configurable pattern color, text content, risk control parameters and line drawing styles.
IV. Core Value
- Semi-automatic marking balances operational flexibility and pattern accuracy, perfectly fitting SMC trading logic.
- Integrated risk control and position management reduce trading operation costs.
- Visual key structures + signal prompts help traders quickly spot high-probability trading opportunities.
V. Target Users
Designed for SMC strategy traders, intraday/swing traders, and manual traders who need visual pattern marking and intelligent risk control.
Suitable for both beginner and intermediate traders, it better assists trading, controls risks and lets profits run.
Parameter Notes
- The 20-period moving average is enabled by default in the indicator; you may turn it off or adjust parameters if unnecessary.
- Unwanted panels can be hidden in the indicator settings.
Disclaimer
This is an SMC trading auxiliary tool only, providing pattern marking, signal reference and risk control calculation. It is not an automatic trading program and does not guarantee any profit.
Forex/CFD trading involves extremely high risks. All trading decisions are made independently by users, and users shall bear all profits and losses. The developer shall not be liable for any trading losses. Use of this tool constitutes acceptance of this disclaimer.
