ICT Silver Bullet MT5
ICT Silver Bullet
If you are searching for a reliable indicator to trade the ICT Silver Bullet concept, or ICT concepts, Smart Money Concepts, or SMC, this indicator will respond to your need!
Before version 2.2, this indicator was focused only on ICT Silver Bullet, but moving forward, we will include the different elements for smart money concept trading.
This indicator will help you identify the following:
- FVG - fair value gaps
- Market structure: BOS and CHOCH. It is based on ZIGZAG as it is the most subjective way to do it.
- ICT Silver Bullet windows and related notifications when it starts and when an FVG appears
- Swing High and low that are potential buy side and sell side liquidity
- Previous and current week's high and low,
- Previous day's high and low,
- Back to 3 weeks open gap
- New York open price
How to Use This Indicator
You'll need to load this indicator on your charts and update the settings according to the explanation in this user guide.
The indicator works on the opening of each new candle. The indicator will plot the windows, levels, sessions, BOS, CHOCH, and FVG. It plots the elements based on a loopback period.
Starting v2.2 you can use this indicator to trade higher timeframe based on smart money concepts and different visual aid that it provides.
A customizable panel is available to Show/Hide any element dynamically without go back to settings, this is super useful as sometime the charts become cumbersome and hiding some elements make our decisions clearer.
If you are trading the silver bullet strategy it is best to work on 5 minutes charts and less. Only active silver bullet window will be plot on the live charts. If the alert and notifications are activated, the indicator will send you the alert or the notification of a possible setup during the silver bullet windows. At this stage is up to you as a trader to study the current market conditions and to take the trade. This indicator will not give you a buy or sell signal.
Take your time to test the indicator on the strategy tester.
Need help or have questions? I am Lio, don't hesitate to reach out! We are always available to respond, help, and improve.
This current price is only because we are at the early stage of this new indicator, with minimum features. The price will move up soon.
Silver Bullet Strategy Summary
The strategy credit goes to Michael J. Huddleston, known as ICT, and the full strategy can be found on his youtube channel.
It is a time-boxed setup that frequently repeats on forex and indices. It trades on three-time windows: 3 AM to 4 AM, 10 AM to 11 AM, and 2 PM to 3 PM New York local time. To take an entry, a fair value gap needs to be identified inside the range, a market structure supporting the move down or up, and identifying at least a minimum trade framework of 10 points for indices and 15 pips for forex pairs. A much more robust framework is to combine this entry with a draw on liquidity draw identified on the current week's high and low, the previous day's high and low, and the current week's NWOG, the previous session's high and low. Combining it with the Classic ICT optimal trade entry and the confluence with the 2022 ICT Mentorship Youtube Model is better.