Toyamato SMC Signal FREE
A Smart Money Concepts signal indicator. When price breaks the market structure (BOS), it draws a BUY or SELL arrow and instantly shows the entry price, the Stop Loss and three take-profit levels (TP1, TP2, TP3). Every past signal gets a check mark or an X, so you can see whether it worked.
- PriceFree
- PlatformsMT4 + MT5
- Use onDemo account
A free tool, not a holy grail
Toyamato SMC Signal is a free indicator, not a paid product. It was made as a gift and as a learning tool. Please keep in mind: it often gives bad signals too. In ranging, news-driven or unpredictable markets many signals fail – the red X marks on the chart show this.
It does not trade for you, it does not guarantee profit, and past check marks do not mean future results. I recommend using it on a demo account only, for practice and for learning Smart Money Concepts.
How does it work?
- Market structure. It keeps track of the highest high and the lowest low of the last 25 candles (swing high / swing low).
- Breakout + trend filter. A candle closes above the swing high and price is above the EMA50: BUY. The opposite: SELL. Signals appear only on closed candles and are never redrawn.
- Ready-made levels. Entry price, an ATR-based Stop Loss and TP1–TP3 appear as lines on the chart and on the panel.
Features
Arrows and levels
BUY and SELL arrows with Entry, SL, TP1, TP2 and TP3 lines, each labelled with its price.
Check or X on every signal
A green check if the signal reached TP1 before the Stop Loss, a red X if it did not. You see the past performance at a glance.
Optimized mode
It picks the best Stop Loss distance and TP ratios from the last 100 signals by itself. In manual mode you set them.
News lines
High, medium and low impact economic news as colored vertical lines on the chart, plus the next event on the panel.
Alerts
Pop-up, push notification to your phone and e-mail on every new signal, with all levels included.
Clear panel in 14 languages
Status (active, TP hit, SL hit), direction, levels, R:R, spread and next news. It collapses with one button. English by default plus 13 more languages.
Specifications
| Platform | MetaTrader 4 and MetaTrader 5 |
|---|---|
| Type | Signal indicator, never opens trades |
| Signal | SMC break of structure (BOS) + EMA50 trend filter, closed candles only |
| Levels | Entry, Stop Loss, TP1, TP2, TP3 (manual or optimized) |
| Recommended timeframe | H1 |
| News | MT4: ForexFactory calendar (needs DLL permission) · MT5: built-in economic calendar |
| Languages | 14 (English by default) |
| Price | Free, no license key |
Works well with: Account Guardian FREE
SMC Signal shows the opportunity, Account Guardian protects your account: it closes every trade when the equity drawdown reaches your limit. Both are free.
Account Guardian →Getting started
- Download the MT4 or MT5 version and the PDF manual from the Downloads page.
- Copy it into the
Indicatorsfolder (File > Open Data Folder > MQL4 / MQL5 > Indicators) and drag it onto an H1 chart. On MT4, tick Allow DLL imports for the news lines. - Choose your language and mode, then watch and practise with the signals on a demo account. Not recommended for live accounts.