ICT Silver Bullet
The ICT Silver Bullets strategy is based on time and capitalizes on changes in market structure, along with a focus on hunting for liquidity. Entries are made at the fair value gap, with the primary goal of achieving a minimum of 10 to 15 pips within a specific time frame.
This blog post simplifies the ICT Silver Bullet Trading Strategy, providing simplified explanations and examples for better understanding.
The primary goal of this strategy is to capture a movement of 10 to 40 pips within a specific time frame, following a process that involves hunting for liquidity and identifying Market Structure Shifts (MSS).
Pips Target in ICT Silver Bullets
To aim for success using the Silver Bullet strategy, here are some specific targets:
- When trading indices, the minimum goal is 10 points or 40 ticks.
- For FX pairs, the target is at least 15 pips.
- In indices, a 10-handle movement is equivalent to a 20-pip shift in FX pairs.
- Similarly, a 5-handle move in indices aligns with a 10-pip change in FX pairs.
Types of Liquidity to Target
To make well-informed decisions, take into account specific high and low points where liquidity is concentrated, often in the form of stop-loss orders.
For successful trades, it’s smart to focus on specific things. First, look at the highest and lowest prices from the day before, as they often impact how the market moves. Also, pay attention to the highest and lowest prices from the last trading session for clues about where the market might go. Checking out prices from the past week can give you a bigger picture of market trends.
Use Classic ICT OTE zones for smart trade entry points. Lastly, keep an eye out for where the ICT 2022 mentorship model aligns, as it can be a helpful guide for making good trading choices.
ICT Silver Bullet Time Windows
The Silver Bullet strategy operates within three specific time frames, according to New York local time:
| London Open | 3 AM — 4 AM | 03:00 — 04:00 |
| AM Session (NY Session) | 10 AM — 11 AM | 10:00 — 11:00 |
| PM Session (Afternoon Session) | 2 PM — 3 PM | 14:00 — 15:00 |
ICT Silver Bullet Time: Morning and Evening Session
Learn more about ICT in the time-centric approach
Trading Strategy
The Silver Bullet Trading Strategy by The Inner Circle Trader keeps things simple for different parts of the day. Between 3 AM and 4 AM, and 7 AM to 8:30 AM, there aren’t specific actions outlined.
The main focus of this strategy is between 10 AM and 11 AM. In this time frame:
Traders are encouraged to spot a pool of liquidity in the market that is not targeted yet. They then wait fo prices to move toward this pool during this 1 hour(10:AM-11:AM).
Finding a Fair Value Gap and IFVG opposite the direction of this liquidity pool. Wait for the price to enter the FVG and then move out of it, heading towards the identified liquidity pool.
To refine this strategy, traders should also check shorter timeframes like 1-minute, 30-second, and 15-second charts for another gap after the first trade. If they spot a new gap, the next trade can be entered right away, but only after the price has gone back into the first gap.
Traders need to make sure the distance between where they enter and the money pool is more than 5 handles. It’s advised to take profits once you’ve gained 5 handles or reached the money pool.
The same set of steps applies to the afternoon session between 2 PM and 3 PM, and 3 PM to 4 PM.
ICT Silver Bullet Trades Example
This time-oriented strategy will be clarified in the chart below.
Example 1
Example 2
Example 3
What is the success rate of the ICT Silver Bullet?
The success rate of the ICT Silver Bullet strategy is to be more than 77%. The setup for this strategy occurs several times a week, and if used correctly with the required conditions, it can be effective. However, individual results may vary based on market conditions and the trader’s skill and adherence to the strategy.
How Does Silver Bullet Work?
The Silver Bullet strategy, introduced by the Inner Circle Trader (ICT), is designed to capitalize on specific market conditions during particular time frames. Here’s a simplified overview of how it works:
Identifying Market Structure Shifts: Traders look for changes in market structure, particularly during specific time slots like 10 AM to 11 AM. This involves recognizing shifts in how prices are behaving.
Waiting for Fair Value Gap (FVG) Creation: Once a Market Structure Shift is identified, traders wait for the creation of a Fair Value Gap (FVG). This gap represents a potential inefficiency in the market.
Entering Trades at FVG: When prices come back to fill the inefficiency created by the FVG, traders enter into a trade. This is the primary entry point for the Silver Bullet strategy.
Possibility of Second Trade: If another FVG is formed, traders may consider a second trade using the same criteria.
Targeting Liquidity: The ultimate goal is to target liquidity at specific levels, including previous session highs and lows, as well as previous day and week highs and lows.
By following these steps, the Silver Bullet strategy aims to take advantage of market inefficiencies and price movements during the designated time frame, potentially leading to profitable trades.
What pairs does Silver Bullet work on?
The “Silver Bullet” strategy, introduced by the Inner Circle Trader (ICT), is a trading approach that can be applied to various currency pairs and indices. While it is versatile and not limited to specific pairs, traders often find success with major currency pairs such as EUR/USD, GBP/USD, as well as indices like S&P 500 (SPX 500) and NASDAQ 100 (Nas 100).
Download the ICT Siler Bullet Trading Strategy
You can download this trading strategy free in PDF format by clicking on the button below.
Leave a Comment