OPEN-SOURCE SCRIPT
SMT Divergence + IFVG Strategy
Trading Schedule: They trade when the New York stock market session begins (a major time for activity in trading).
Determine a Direction (Bias): They start by looking at higher timeframes (like daily or 4-hour charts) to decide if the price is likely to go up (bullish) or down (bearish).
Zoom In for Details: Once they have a general idea of the market’s direction, they switch to lower timeframes (like 5-minute or 15-minute charts) to look for specific trading opportunities.
Look for Patterns:
SMT Divergence: This likely means they compare price movements across similar assets (or indices) to spot inconsistencies that suggest a potential reversal or continuation of trends.
Inverse Fair Value Gap: They identify gaps in price (on the chart) where the market may want to return or "fill in" before continuing in a certain direction.
Set an Entry Point: They wait for the price to "tap" into their identified level (like a support or resistance zone) before entering a trade.
Set a Target: Their goal is to target "resting liquidity," which means areas where other traders are likely placing stop-losses or take-profits, and use those as price movement goals.
Risk-to-Reward Ratio: For every trade, they aim to make 2 to 3 times the amount they’re risking (a 1:2 or 1:3 risk-to-reward ratio).
Win Rate: They win about 70% of their trades, which means most of their trades are profitable.
In short, they have a systematic approach where they identify a market trend, spot good entry opportunities based on patterns, and stick to a strategy with good risk management. Their success comes from consistency and discipline.
Determine a Direction (Bias): They start by looking at higher timeframes (like daily or 4-hour charts) to decide if the price is likely to go up (bullish) or down (bearish).
Zoom In for Details: Once they have a general idea of the market’s direction, they switch to lower timeframes (like 5-minute or 15-minute charts) to look for specific trading opportunities.
Look for Patterns:
SMT Divergence: This likely means they compare price movements across similar assets (or indices) to spot inconsistencies that suggest a potential reversal or continuation of trends.
Inverse Fair Value Gap: They identify gaps in price (on the chart) where the market may want to return or "fill in" before continuing in a certain direction.
Set an Entry Point: They wait for the price to "tap" into their identified level (like a support or resistance zone) before entering a trade.
Set a Target: Their goal is to target "resting liquidity," which means areas where other traders are likely placing stop-losses or take-profits, and use those as price movement goals.
Risk-to-Reward Ratio: For every trade, they aim to make 2 to 3 times the amount they’re risking (a 1:2 or 1:3 risk-to-reward ratio).
Win Rate: They win about 70% of their trades, which means most of their trades are profitable.
In short, they have a systematic approach where they identify a market trend, spot good entry opportunities based on patterns, and stick to a strategy with good risk management. Their success comes from consistency and discipline.
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