SMC BOS Strategy for XAUUSD

This is a custom-built TradingView strategy that uses Smart Money Concept (SMC) logic to identify high-probability trend continuation and reversal entries based on Break of Structure (BOS) on XAUUSD. It is designed for traders looking to test institutional-style structure breaks with dynamic entry and risk-managed exits.

The strategy detects BOS using swing highs and lows, then enters trades based on price momentum (bullish or bearish candle confirmation). Each trade is automatically managed using a fixed stop loss in pips and a customizable risk-to-reward (RR) ratio. The goal is to backtest how BOS alone can drive clean directional entries, simulating Smart Money precision without repainting or false signals.

🔑 Key Features:
BOS-Based Entry Logic: Enters trades only after a valid break of structure (new higher high or lower low), signaling continuation from a Smart Money shift.

Momentum Filtered Entry: Requires candle confirmation to validate direction (e.g., bullish close after bullish BOS).

Full Backtest Engine: Built using strategy() functions, allowing you to test SL/TP performance and adjust position sizing.

Custom Risk Control: Adjust Stop Loss (in pips) and Target Profit using a flexible RR ratio (e.g. 1:2 or 1:3 setups).

Works Across Timeframes: Optimized for 15m, 1H, and 4H on XAUUSD, but works on any asset that respects structure.

⚙️ Settings:
Swing Sensitivity – Controls how strict pivot highs/lows are

Minimum Bar Spacing – Prevents overtrading after recent BOS

Stop Loss (in pips) – Fixed distance from entry

Risk/Reward Ratio – Multiplies SL for dynamic take-profit

Trade Direction – Supports both long and short with momentum

📊 How It Works:
Detects new structure break (BOS)

Confirms momentum with candle direction (close > open for long, close < open for short)

Triggers entry and sets TP/SL automatically

Logs results in the Strategy Tester for full backtest evaluation

📌 Optimized For:
XAUUSD (Gold)

Smart Money / SMC / ICT traders

Trend continuation + reversal structures

Backtest-focused strategy building

Institutional-level analysis

📎 Release Notes:
v1.0 – Initial release of BOS-only SMC strategy with full entry/exit simulation and strategy tester support.

⚠️ Disclaimer:
This strategy is built for educational and research purposes only. It is not a signal provider or financial advice. Always combine with your personal confirmation, confluence tools, and risk management.