ICT Silver Bullet | Flux Charts

15 Apr

💎 GENERAL OVERVIEW
Introducing our new ICT Silver Bullet Indicator! This indicator is built around the ICT's "Silver Bullet" strategy. The strategy has 5 steps for execution and works best in 1-5 min timeframes. For more information about the process, check the "HOW DOES IT WORK" section.



Features of the new ICT Silver Bullet Indicator :

1. Implementation of ICT's Silver Bullet Strategy
   
2. Customizable Execution Settings
   
3. 2 NY Sessions & London Session
   
4. Customizable Backtesting Dashboard
   
5. Alerts for Buy, Sell, TP & SL Signals
   

📌 HOW DOES IT WORK ?
ICT's Silver Bullet strategy has 5 steps :

1. Mark your market sessions open (This indicator has 3 -> NY 10-11, NY 14-15, LDN 03-04)
2. Mark the swing liquidity points
3. Wait for market to take down one liquidity side
4. Look for a market structure-shift for reversals
5. Wait for a FVG for execution

This indicator follows these steps and inform you step by step by plotting them in your chart. You can switch execution types between FVG and MSS.



🚩UNIQUENESS
This indicator is an all-in-one suit for the ICT's Silver Bullet concept. It's capable of plotting the strategy, giving signals, a backtesting dashboard and alerts feature. It's designed for simplyfing a rather complex strategy, helping you to execute it with clean signals. The backtesting dashboard allows you to see how your settings perform in the current ticker. You can also set up alerts to get informed when the strategy is executable for different tickers.

⚙️SETTINGS

1. General Configuration

Execution Type -> FVG execution type will require a FVG to take an entry, while the MSS setting will take an entry as soon as it detects a market structure-shift.

MSS Swing Length -> The swing length when finding liquidity zones for market structure-shift detection.

Breakout Method -> If "Wick" is selected, a bar wick will be enough to confirm a market structure-shift. If "Close" is selected, the bar must close above / below the liquidity zone to confirm a market structure-shift.

FVG Detection -> "Same Type" means that all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). "All" means that bar types may vary between bullish / bearish.

FVG Detection Sensitivity -> You can turn this setting on and off. If it's off, any 3 consecutive bullish / bearish bars will be calculated as FVGs. If it's on, the size of FVGs will be filtered by the selected sensitivity. Lower settings mean less but larger FVGs.

2. TP / SL

TP / SL Method -> If "Fixed" is selected, you can adjust the TP / SL ratios from the settings below. If "Dynamic" is selected, the TP / SL zones will be auto-determined by the algorithm.

Risk -> The risk you're willing to take if "Dynamic" TP / SL Method is selected. Higher risk usually means a better winrate at the cost of losing more if the strategy fails.

Close Position @ Session End -> If this setting is enabled, the current position (if any) will be closed at the beginning of a new session, regardless if it hit the TP / SL zone. If it's off, the position will be open until it hits a TP / SL zone.