Phantom SMC Trader – User Guide
Overview
Phantom SMC Trader is an MT5 Expert Advisor based on Smart Money Concepts (SMC).
It combines three powerful confluences before opening trades:
1. Liquidity Sweep Detection – looks for stop-hunt moves that sweep recent swing
highs/lows.
2. Fair Value Gap (FVG) Detection – checks for imbalance between candles.
3. Order Block (OB) Detection – identifies institutional candles preceding impulsive
moves.
A trade is taken only when all three align (confluence setup).
Risk management uses R-multiple (RR ratio), ATR-based stop-loss fallback, and Auto
Break-Even at 1R.
Input Parameters
General
• EA Name – display name for the EA.
• Magic Number – unique ID for trades (default: 85123456).
• Allow Long / Allow Short – enable/disable buy or sell trades.
Risk Management
• Risk Percent – % of account equity risked per trade (0 = use Fixed Lot).
• Fixed Lot – lot size if RiskPercent = 0.
• Slippage Points – maximum slippage allowed (in points).
Stop Loss / ATR
• ATR Period – ATR period for volatility.
• ATR SL Multiplier – if OB not found, stop-loss = ATR × multiplier.
Order Block (OB) Detection
• OB Lookback Bars – how many candles to scan for OB.
• Impulse ATR Factor – defines “impulsive” move after OB.
Fair Value Gap (FVG) Detection
• FVG Lookback Bars – candles to scan for FVG.
• FVG Min Points – minimum size of gap (in points).
Liquidity Sweep
• Sweep Swing Length – how many bars back to find swing highs/lows.
• Use Bar Close Signals – if true, confirm signals on the last closed bar (safer).
Risk/Reward
• RR TakeProfit – take-profit = (RR × stop-loss distance).
• Move SL to BE at 1R – automatically move SL to entry when trade reaches +1R.
Filters
• Max Spread Points – skip entry if spread exceeds this value.
• Cooldown Bars – minimum number of bars to wait after a trade before re-entry.
Drawing
• Draw Objects – enable/disable OB zone drawing.
• Color Long/Short – colors for OB zones (green for long, red for short by default).
Recommended Settings (Demo Test First)
EURUSD M15
• RiskPercent: 1.0
• ATR_Period: 14, ATR_SL_Mult: 1.5
• OB_LookbackBars: 100, ImpulseATR_Factor: 1.2
• FVG_LookbackBars: 50, FVG_MinPoints: 20
• Sweep_SwingLen: 10
• RR_TakeProfit: 1.5
XAUUSD (Gold) H1
• RiskPercent: 0.5 (due to volatility)
• ATR_Period: 14, ATR_SL_Mult: 2.0
• OB_LookbackBars: 150, ImpulseATR_Factor: 1.3
• FVG_LookbackBars: 80, FVG_MinPoints: 30
• Sweep_SwingLen: 15
• RR_TakeProfit: 2.0
Tips for Use
• Use on major pairs or gold with good liquidity.
• Avoid high spreads (set MaxSpread carefully).
• Best tested on M15–H1 timeframes.
• Always backtest and forward-test before going live.