Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Is anyone using the ICT Silver Bullet strategy? Specifically the AM and PM session. I am not available for the London one. I have tried it for a few weeks on the ES. Seems to work good. Wondered if anyone has been using for longer. Or have any tips/advice to add.
Can you help answer these questions from other members on NexusFi?
I just saw the video on it and it looks interesting. I was thinking of attempting to code a strategy that deploys it's ideas yet seems there's too much subjectivity to do so.
So far I've built some indicators around it with the intention of creating variables that provide conditions. Would you like to help me to figure it out? I can send you what I have so far. I took the SB Short on ES this morning and made out pretty good. I'm in AZ and the AM session is hard for me to attend with 2 kids so I want to have indicators to send alerts when the London H/L, Prior Day's H/L, Prior Week H/L, and larger timeframe FVG's are reached. I also have a Swing Levels indicator that can show Breaks of Structure and displacements on 2 different swing strength parameters. I'm willing to bet this could be automated or at least set up to send alerts so we can use the SB strategy on multiple instruments.
I am not a proponent of ICT, however, this video is not a good "debunk" of the strategy. I don't trade it, but as far as I know there are many small rules, not only swing of daily lows or highs and fair value gap. There is a daily bias (monthly and weekly as well), order blocks, various concepts of liquidity etc. Even leaving that aside, what data did this guy test the strategy on?
There are plenty of other wrongs, but I am going to spare my time. A good attempt of debunking this strategy would include, as in a good scientific publication, the discussion of "why I may be wrong about it". At the end of the day this video is the guy's marketing pitch: look how bad this stuff is, come trade with me instead.
The other day I was looking at the fair value gap on various time frames. I haven't tested it to any extent, but from the first glance it looks like a potential entry signal. If anything, it is a momentum sign, indicating the strength of a move.