October 29, 2023
how to trade ICT silver bullet strategy
I have researched various Reddit threads discussing the ICT Silver Bullet strategy, including users' experiences, tips, and recommendations. The sources range from 4 months to 1 year and 4 months ago, with several threads from the Forex and Inner Circle Traders subreddits. There is a mix of opinions on the effectiveness of the strategy, with some users claiming success while others report losses or no profits. The sources provide insights into the application of the strategy and potential enhancements, but the overall consensus varies among the users.
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Enhancements to the Original Strategy
Timeframe and Stop Loss Recommendations
Learning the Silver Bullet Strategy
Mixed Opinions on ICT's Teachings
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"Trade Strategy and Execution - CFA Institute"
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"Share your profitable strategy"
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"Just finished the market maker primer, should i learn silver bullet?"
- The post is from 4 months ago on Reddit’s Inner Circle Traders subreddit.
- The original poster is asking what strategies they should learn in addition to already having knowledge of the Inner Circle Trader’s basics.
- One user recommends learning the silver bullet strategy, saying it’s easy to understand and won’t take long to get. (4 karma)
- Another user says that successful traders often stick to using just a single strategy. If the user is not confident with their current strategy, then they should consider learning the silver bullet strategy. The user emphasizes the importance of risk management and being selective with trades. (1 karma)
- Another user recommends taking the time to understand tape reading and order flow. (4 karma)
- A user asks for clarification on what tape reading is and how it’s different from order flow. (1 karma)
- Another user explains that tape reading involves predicting where the price will move and when and where to buy/sell, while order flow is the analysis of market orders and trades. (1 karma)
- Another user recommends against taking trades, even in demo mode, until understanding tape reading. The user warns that being wrong repeatedly can cause fear and inaction. (1 karma)
- A user recommends watching the ENDS series on YouTube. At the time of the post, the user had finished the 2022 and core content twice and was on the 2023 series. The user suggests starting with the ENDS series if the reader is a beginner. (2 karma)
- Another user recommends learning IOFED to better understand the silver bullet strategy. (1 karma)
- A user asks how IOFED affects the silver bullet setup. (1 karma)
- Another user explains that IOFED is a specific setup, and silver bullet is a model that incorporates aspects of IOFED. The user says that the silver bullet strategy is used during specific hours and is designed for beginners. (1 karma)
Overall, the webpage provides information on the silver bullet trading strategy, tape reading, order flow, and the importance of risk management and confidence in a single strategy. The post and comments include various recommendations and tips for those interested in learning these concepts.
"Struggling with ICT material"
- A user on Reddit asked if others found ICT’s teachings confusing, stating that their trading had gone downhill since using his techniques.
- Some users on Reddit have found ICT’s teachings to be helpful and have praised his approach to trading.
- One user recommends focusing on higher time frames and using H4 as a reference for patient trading; they suggest looking at imbalances on H1 and PDA when reading H4 and go to M5 for entry if necessary. They also suggest aiming to get a piece of the weekly range to ensure not over-trading and to take high probability trades.
- Another user claims to have had success with ICT’s techniques, specifically with the Market Maker Buy/Sell Models.
- A user on Reddit asks how to trade using ICT’s “silver bullet” strategy.
- Some users express doubt over ICT’s claimed success rate of 95% but others suggest that his students have been successful.
- One user claims that if you listen to ICT’s teachings about strategy and risk management, it is almost impossible to be inconsistent and blames those who cannot stick to their rules for blaming ICT instead.
- Another user mentions the difficulty of knowing which setups to enter and which ones not to enter when using ICT’s techniques, but states that they have a better understanding of market movements thanks to him.
- One user speculates that there may be missing pieces of the puzzle in ICT’s teachings that only he knows or is not willing to share.
- Some users mention that ICT’s mentorship program is not currently available.
- Another user suggests using M5 for market maker model entries but only after H4-H1 reading is clear.
- An in-depth discussion takes place in the comments section, with users discussing their experiences with ICT’s teachings and some offering advice and suggestions for successful trading.
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"ICT silver bullet."
- The webpage is a Reddit thread titled “ICT Silver Bullet.” on the Forex subreddit.
- It contains discussions and comments from users on whether the Inner Circle Trader’s (ICT) silver bullet strategy for trading forex is effective or not.
- A user is backtesting the silver bullet Strat on a few forex pairs and SPX and mentions that it never forms. ICT claims it occurs daily but after backtesting, the user only sees losses for the silver bullet, or it just doesn’t form for the majority.
- Some users share their experiences with trading the strategy and provide tips to enhance the original strategy.
- One user passed the phase 1 challenge, hitting 12% ($6000) of their 8% ($4000) profit target in three days with an 83% Win Rate and a 2.58 RRR. They suggest finding a good FVG (Fair Value Gap) and BPR (Buy Premium/Sell Discount) Zone indicators and using the zones on the 5-minute chart to identify a good placement when the price retests the zone and bounces.
- The user trades in the direction of the Daily Bias and marks any FVGs that have formed between 8-10 am on the 5-minute chart. They zoom into the 1 or 3-minute chart to find a good entry and watch for retests of these zones from 10-11 am. If a trade doesn’t form from 10-11 am, they repeat this process at 1 pm marking up all FVG Zones that form between 12-2 pm and watch for retests of these Zones from 2-3 pm.
- Another user trades retracements of FVG Zones on primarily XAU/USD and has had luck with SPX500, EUR/USD, and US30. They suggest finding a pair to focus on mastering, using a Fib Retracement on any large swings, and marking Premium or Discount Zones on the 5-minute chart.
- The user states that the strategy is subjective and needs practice and discipline. If a Silver Bullet setup doesn’t form, the user suggests using a Discount or Premium Zone for entry.
- Some users comment that the Silver Bullet strategy is tough because a slight sweep on liquidity before turning around is subjective. One of the users mentioned blowing up the funded account the day after commenting solely because of trade psychology and not following the strategy to the T.
- One user requested tips for Daily Bias, and another user shared their experience with
"Anyone has any thoughts on the ICT strategy? I want to learn it but I’m worried it will be like the rest of the useless strategies that people sell and pretend it works."
- The webpage is a discussion thread on Reddit, titled “Anyone has any thoughts on the ICT strategy? I want to learn it but I’m worried it will be like the rest of the useless strategies that people sell and pretend it works.”
- The discussion thread is from one year and four months ago and belongs to the Forex subreddit.
- A user with 22 points asks users about their thoughts on the ICT (Inner Circle Trader) strategy.
- Another user with 17 karma replies, mentioning doing further research into SMC (Structure, Market, and Composite) elsewhere but finding ICT’s teachings as legitimate. They mention his concepts but note that ICT’s way of explaining can be confusing at times.
- A user with 1 karma replies to the previous comment and asks for simpler English resources to learn about SMC instead of ICT’s complicated explanations.
- The same user later replies with a list of paid resources through the IM Academy. The educator’s list includes BounceBack Sniper Bootcamp, John Dollery’s courses, Zac McDonald, Rok Kumar, and Lex Waves. The user notes that IM Academy is a scam, but the educators listed are reputable and give excellent insights into SMC.
- Another user with 7 karma agrees that ICT may present simple concepts confusingly, possibly giving the impression that SMC is complicated, when it’s not.
- A user with 12 karma urges the original poster to try the ICT strategy for themselves instead of basing it on someone else’s opinion.
- Another user with 12 karma notes that ICT has a history of blowing up accounts and failing trading competitions, as well as switching to demo accounts during “live” trading.
- A follow-up user with 0 karma asks whether the commenter has seen ICT’s proof video.
- Another user with 0 karma reinforces the commenter’s claim about ICT’s personal history and issues with transparency but notes that they haven’t seen any proof attacking the concepts behind SMC.
- A user with 2 karma argues that the commenter relies on sourcing that is mega-speculative and has no actual proof against the compliments of the trading strategy.
- Another user with 1 karma shares that they don’t have any issues with the ICT or SMC style of trading. They note that the concepts work even if some of them can be misguided and express skepticism toward ICT’s teaching methods and transparency.
- A user with negative karma replies, stating that the “concepts” taught by ICT are just rebranded retail strategies, such as supply and demand zones that
"User guide - ICT Silver Bullet - The Indicator - Other - MQL5"
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"Simplifying the ICT Silver Bullet Time Based Approach"
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"2023 ICT Mentorship - ICT Silver Bullet Time Based Trading Model / T.G.I..f / One Trading Setup For Life"
- The webpage is titled “2023 ICT Mentorship - ICT Silver Bullet Time Based Trading Model / T.G.I..f / One Trading Setup For Life”
- The author shared the Silver Bullet Time-Based Trading model which was created by the Inner Circle Traders (ICT)
- The author also shared an updated version of the Silver Bullet file with additional details as requested by many users
- The Silver Bullet Time-Based Trading model is a comprehensive trading strategy that’s designed to help traders navigate the financial market with ease
- The updated version of the Silver Bullet file has been enhanced to make it more helpful for traders
- The author also shared summaries of two other trading strategies, T.G.I.F and One Trading Setup For Life
- T.G.I.F is a trading strategy that uses a five-minute chart with a short-term timeframe to help traders enter and exit trades quickly
- One Trading Setup For Life is a strategy that focuses on one trading setup that works for all traders
- One Reddit user thanked the author for their efforts in sharing information
- Another Reddit user reported that the Google Drive link on the author’s Twitter page did not work for them while using desktop but worked on their phone
- Several users discussed accessing the Google Drive file link shared on Twitter
- One of the users was able to access the link on their phone but not on desktop
- The author advised users to reach out if they had any questions.
"ICT Silver Bullet Indicator - The Forex Geek"
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"Does anyone else trade ICT, Wyckoff or BTMM?"
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"(FINAL) Part VIII: My 10 Minutes/Day Trading Strategy"
Relevant: true Importance: 3 Notes:
- The webpage is about forex trading strategies, which may include the ICT silver bullet strategy
- The author of the webpage presents their own 10 minutes/day trading strategy
- The author has previously published seven additional parts related to their strategy, which provide more details on the setup
- The strategy relies on identifying 2-candle setups near Upper Bollinger Bands (UBB), Lower Bollinger Bands (LBB), and Middle Bollinger Bands (MBB)
- The author suggests using a combination of price action and indicators (such as Stochastic) to confirm entry and exit signals
- The author provides specific entry and exit rules depending on the type of setup and market condition (bull or bear)
- The Bollinger Bands are used to identify levels of support and resistance, and the author suggests avoiding trading when there is no “open sky” available
- The author includes screenshots of good and bad trade setups to illustrate the strategy
- The webpage includes comments and feedback from readers who have tried the strategy, with some reporting successful results
- Some readers asked for additional details on entry rules, stop loss, and number of trades, which the author provided in the comments section
- The author plans to follow up with more posts showing real-time trade examples using their scans of the 5pm EST timeframe
- The final part of the series provides a checklist and trade examples for readers to use in their own trading
- The community feedback on the series is positive, with many readers thanking the author for sharing their strategy and providing valuable insights
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"ICT Silver Bullet"
- The website contains a Reddit thread from r/InnerCircleTraders from 4 months ago discussing the ICT silver bullet strategy with 12 points.
- One user recommends using Notion instead of Google file to store information about the strategy to make it less sketchy (+1 karma).
- Another user asks about trade framework for forex pairs and suggests that 10 pips should be the minimum gain and mentions that most brokers have a stop level of 20 points (+1 karma).
- A user recommends using a time-frame of 1-3m for trading silver bullet (+3 karma).
- There is a recommendation that stop losses should be around 4-5 pips for trading silver bullet (+2 karma).
- Multiple users recommend FX4 Living on YouTube to learn forex trading (+2 karma).
- A user points out that it has been a month since they are using the silver bullet strategy but they are not seeing any profits while trading EUR/USD and GBP/USD (+1 karma).
- Another user suggests that minimum trade framework should be 10 points on ES or around 40 points on NQ and 15 pips for forex pairs (+1 karma).
- One user inquires about the video where ICT explains the strategy in-depth (+1 karma).
- A user shares a notion page that provides details about silver bullet trading (+3 karma).
- Multiple users recommend using SB as a scalp trade, and ICT mentions that it is $250 every day or $5k/month and the risk and reward ratio for ES and NQ (+2 karma).
- A user mentions that the strategy requires finding the first and second FVG bars (+1 karma).
- There are recommendations for using time-frames like 5m, 3m, and 1-3m for finding FVG bars and trading using the strategy (+2 karma).
- Some users mention that five handles is equal to five ES points and that one ES point is equal to a $1 move or 4 ticks move. So, for ES, one risks 5 points to make 5 points and for NQ, it’s 20 points to 20 points. (+2 karma).
- One user shares a Twitter link where they describe the silver bullet strategy (+2 karma).
"Mastering the ICT Silver Bullet Trading Model - Medium"
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