Anyone trading here the Silver Bullet ICT strategy successfully on his (funded/personal) accounts ? Just wondering because of some youtube videos claiming there are solid gains to be made with that setup. Also the mql5 market show a few EAs on the Silver Bullet setup/strategy that look profitable on the backtesting side. But I never followed them with realtime tracking, so I am curious to know if that works any or that good. Yet I do not believe this it can work, but maybe I can get very surprised here. Let's see.
Who is (very) successful with the ICT Silver Bullet strategy ?
- Thread starter TrAndy2022
- Start date
I thought I'd never see the day that ICT was mentioned here.
What is your opinion about it ?
ICT(if you didn't pay for it) compared to a lot of other "systems" people sell for money is actually decent for someone that knows nothing about day trading, has no vision or understanding of the market. The reason why is it gives you a Risk/Reward profile, entry vehicles and MSS can help in giving some type of directional probability or light directional edge. In addition FVG's can be decent means reversion levels as well.
Overall is ICT good compared to other things you can do, no not really. However, if someone is skilled in the market and has strong contextual understanding ICT can and absolutely does work. However, it's more the persons personal skill and understanding as to why they are profitable, it's not necessarily directly related to ICT. Meaning they would probably do even better using another method.
Can't wait to see the zealots on both sides though. One side will say ICT is the best trader and system in the world and the other side will swear it has zero value and every single thing is incorrect. Classic monkey see banana monkey eat banana thinking on both sides, as it is with most things in trading.
How could anyone backtest a discretionary system?
Watched a short video about the strategy. It's not a yes/no trading sytem.
Look at the chart below of SPY.
Of the last 5 trading days, where would your trades be?
What would the results be?
Must be between the red lines.
@TrAndy2022 don't let these people steal your emotional capital too much on this thread here or tread lightly about taking in what they say, most of them they are going to reply with emotion, bullcrap and/or trolling (regardless if subconsciously or not). What I said is a pretty decent and reasonable sum up.
I am willing to defend or expand on what I said via voice, ask them if they are willing to do the same.
I am willing to defend or expand on what I said via voice, ask them if they are willing to do the same.
Well said. I've seen couple of his videos, his work is reband from classic TA setup, add some entry criteria, call it fancy name. Good marketing guy I say. How many trades could his setup generate per day? I don't think trader can earn money daytrading using this method alone.
So, i am curious, Andy. You claimed you already have strategy with a sharpe of, what was it, 5?
Why bother with ICT, then ?
yeah...i know the answer...