SMC Rocket MT4

🌐 SMC Rocket EA is built on the Smart Money Concepts (SMC) trading methodology, focusing on market structure analysis and identifying areas of interest known as order blocks.

➡️ Here's how the strategy works:

✅ Market Structure Identification: The EA first scans for swing points — significant highs and lows.

✅ Break of Structure (BOS) Detection: When price closes above a previous significant high or below a previous significant low, the EA records this as a Break of Structure. This is the first signal of a potential continuation in the direction of the breakout.

✅ Order Block (OB) Identification: After a BOS, the EA looks for the order block — the last candle (or cluster of candles) moving in the opposite direction, just before the impulse move that caused the break. These zones are considered to be where large players placed their positions. The EA then builds a price zone based on this order block.

✅ Entry Logic: The EA offers two primary entry modes that can be used separately or in combination:

✅ Structure Entry (BOS Entry): Opens a position immediately after the Break of Structure. This is the more aggressive entry type.

✅ Zone Entry: Opens a position when price retraces to the previously identified order block after a BOS, then breaks back in the direction of the original impulse. This is the more conservative entry, waiting for confirmation.

All of this logic is handled by the indicator component of the code, which analyzes bars and generates a set of signals — the trading engine then uses these signals to decide when to open positions.