ICT SmartMoney:) - page 3
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Dumbmoney, never smart. I studied and its totally time waste and has same accuracy as other strategies like EMA crossovers, like 40-50% win rate. Maybe you should watch this video for proof
i couldn't agree anymore, he's a scammer made a lot of money (from courses than actual trading!)
i couldn't agree anymore, he's a scammer made a lot of money (from courses than actual trading!)
He has many concepts like OTE, FVG, PD Array etc but none of them has highest accuracy and win rate. All fail badly and there is no proof on internet about anyone who has proven to be successful by trading ICT methods and proving by sharing his account login (read only)
Recently he is coming up with more new methods e.g. silver bullets but again that has lowest win rate as i tested on all popular forex pairs
he clearly says he has a working method Enigma which he will never share on internet.
H.M. Gartley given 10+ harmonic patterns and its free source code is available on codebase but its also not having high win rate too. but he was not coming up new patterns thats a good sign that he believes what he shared with world is all what he believed to be logical, but its not true with ICT guy.
Lets suppose a newbie trader who got fascinated with ICT's popularity and trade FVG. He keep failing, but 50% time he makes money but lose them all, now he searches internet and find more ideas which youtuber shares with title e.g. "You are trading wrong FVG" so he realizes his mistake and rectify his errors by starting filtering FVGs,for example the third candle strength is measured, if its weak then fvg working probability is weak and if its strong (more body less wick) then its probability of working is high.
But he again fails so he searches internet again and now he is introduced to a new concept that he also have to see a order block.
this way the loop is endless of learning and trader realizes that his hair turned grey and he is still finding why so called popular ICT method failing? the conclusion is that ant ICT method is not having high win rate, so why not use simple things which works better for you?
In fact, despite the scam nature of the ICT himself, the formations described by him can be used to build consistently profitable EAs.
Of course, you cannot develop a money-printing machine simply by coding an eNtRyFvG() function :)
Nevertheless, with correctly implemented definition of formations and dependencies of LTF setups on the HTF context, you can get a decent EA. It could be boosted by neural networks or other machine learning models which can evaluate the impact of certain formations on winrate.
Additionally, it is essential to solve the seasonality problem to increase chances of taking profitable trades in live trading with such EA.
On the other hand, there is another tactic for using SMC within EA. In trading, someone's losses are always someone's gains, so it seems promising to build an EA that trades against the most popular ICT techniques :)