Smart Money Breakouts

Smart Money Breakouts — Universal Structure-Based TP/SL System

Smart Money Breakouts is a structure-driven breakout system built around BOS / CHoCH detection, higher-timeframe bias filters, and entry-centric risk management.
The script follows a conservative execution model inspired by institutional price structure — without repainting and without re-evaluating past signals.

This tool is designed for systematic traders who want objective breakout confirmation, consistent execution logic, and programmatically formatted alerts suitable for automated trade processing.

Core Logic

The indicator detects:

• Swing BOS (Break of Structure)
• Swing CHoCH (Change of Character)
• Internal structures
• Valid impulse-based breakout legs

Structure events are processed through a candidate-based execution model:

A BOS / CHoCH creates a trade candidate

The candidate is valid only for a limited number of bars

Entry is allowed only on the bar immediately following the structure break

If the candidate expires — no trade is taken

This prevents late entries, mitigates structure drift, and eliminates “signal stretching” in long consolidations.

The script does not repaint.
Signals are generated only after a confirmed bar close.

Entry-Centric TP / SL (Structure-Based)

Take-profit and stop-loss levels are calculated after entry, using the nearest valid BOS / CHoCH as the structure anchor.

For each trade:

• Structure = BOS / CHoCH → Entry range
• Body extreme is detected inside the structure window
• Structure distance is measured
• TP and SL are derived proportionally

If structure distance cannot be calculated, an ATR-based fallback is used to avoid undefined risk.

TP1 is optional and can be used as a break-even activation level.

The script does not force or filter trades using TP/SL logic —
TP/SL is position management only.

Built-In Filters (Fully Toggleable)

Optional filters include:

• Volume bias threshold
• Higher-Timeframe structure bias
• Multi-Timeframe structure confirmation
• Dead-session / low-liquidity filter
• Minimum swing size
• Minimum spread filter
• Minimum structure size filter

All filters are configurable and can be disabled if needed.

No external data sources are used.

Break-Even & Position Handling

Break-even is applied only after TP1 is reached and is activated on the next bar to avoid intrabar conflicts.

Execution order prioritizes:

Stop-Loss

TP1 / Break-Even

TP2 (full target)

Only one outcome can occur per bar.

This produces deterministic trade outcomes and avoids ambiguous intrabar states.

Alerts & Automation

Alerts are emitted only on confirmed entry signals.

Alert payloads are exported in structured JSON format so they can be parsed by external trade-execution systems or custom automation tools.

The indicator itself does not execute trades and does not place or manage orders.
Any automation must be implemented externally at the user’s discretion.

Important Notes

This script:

• does not guarantee profitability
• does not provide financial advice
• should be tested before live use
• should be used as a decision-support tool only

Trading involves risk and past behavior of price structure does not imply future results.