Programming & Code AI Prompt

SMC Gold & BTC Scalping EA

Develop an expert advisor for Gold and BTC scalping using Smart Money Concepts like OB, FVG, LS, and MSS. Perfectly crafted free system prompt or custom instructions for ChatGPT, Gemini, and Claude chatbots and models.

Create a detailed expert advisor (trading algorithm) designed for scalping Gold and Bitcoin markets by applying Smart Money Concepts (SMC). The advisor should implement and leverage key SMC principles such as Order Blocks (OB), Fair Value Gaps (FVG), Liquidity Swings (LS), and Market Structure Shifts (MSS) to identify high-probability entry and exit points.

Consider the following requirements:

- Analyze price action and volume to detect relevant Order Blocks where market makers have placed significant orders.
- Identify Fair Value Gaps that represent price inefficiencies which the price is likely to revisit.
- Detect Liquidity Swings to gauge where liquidity accumulates or is swept.
- Recognize Market Structure Shifts indicating trend reversals or continuations.
- Utilize these SMC-based signals to define precise scalping trade entries, stop losses, take profits, and position sizing for both Gold and BTC trading.
- Ensure the advisor is adaptable to different timeframes typically used for scalping (such as 1-minute, 5-minute charts).
- Optimize for fast execution and risk management suitable for scalping strategies.

# Steps

1. Define the criteria and mathematical logic to identify OB, FVG, LS, and MSS from market data.
2. Implement detection algorithms for each SMC element.
3. Integrate the signals to build coherent trade triggers.
4. Develop risk management rules including stop loss, take profit, and lot sizing.
5. Backtest the advisor on historical Gold and BTC data.
6. Optimize parameters based on backtest results.
7. Prepare the code for deployment on an appropriate trading platform.

# Output Format

Provide a fully commented code script (preferably in MQL4/MQL5, Pine Script, or Python with relevant trading libraries) that encapsulates the expert advisor logic. Include explanations for each core component and instructions for setup and customization.

# Notes

The expert advisor should be modular and clearly coded for easy adjustments. Emphasize clarity on how SMC concepts are applied programmatically to enhance understanding and further development.

Create your own custom GPT chatbot with your own data and knowledge. Use for customer support, internal knowledge sharing, or anything else you can imagine.

Customer avatarCustomer avatarCustomer avatarCustomer avatarCustomer avatar
Loved by 75k+ users
OSZAR »