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ICT OTE Strategy Futures Public
ICT OTE Strategy
This strategy automates a classic ICT (Inner Circle Trader) setup that aims to enter a trade on a retracement after a confirmed Break of Structure (BOS). It is designed to identify high-probability setups by waiting for the market to show its hand before looking for an entry within a "discount" or "premium" array.
The entire process is automated, from identifying the market structure to managing the trade with a dynamic stop loss.
How It Works
Break of Structure (BOS): The strategy first waits for a strong, validated swing to break a previous, weaker swing high or low. This confirms the market's intended direction.
Identify Retracement Leg: After a BOS, the strategy identifies the most recent price leg that led to the break.
Auto-Fibonacci: It automatically draws a Fibonacci retracement over this leg, from the start of the move (1.0) to the end (0.0).
Trade Entry: A limit order is placed at a user-defined Fibonacci level (defaulting to 0.508), anticipating a price pullback.
After a bullish BOS, it looks to BUY the retracement.
After a bearish BOS, it looks to SELL the retracement.
Risk Management:
Stop Loss is placed at the start of the leg (the 1.0 level).
Take Profit is placed at a user-defined level (defaulting to the 0.0 level).
Includes an option to move the stop loss to break-even after the trade has moved a certain distance in profit.
How to Use
Swing Settings: Adjust the "Entry Swing" and "Validator" strengths to match the volatility and timeframe of the asset you are trading. Higher numbers will result in fewer, more significant setups.
Session Filter: Use the "Trading Sessions" filter to align the strategy with ICT's "killzone" concept, ensuring trades are only taken during high-volume periods like the New York session.
Backtest: Use the Strategy Tester to optimize the "FIB Entry Level," "Take Profit Level," and "Min Trade Range" to find the best settings for your specific market and timeframe.
This strategy automates a classic ICT (Inner Circle Trader) setup that aims to enter a trade on a retracement after a confirmed Break of Structure (BOS). It is designed to identify high-probability setups by waiting for the market to show its hand before looking for an entry within a "discount" or "premium" array.
The entire process is automated, from identifying the market structure to managing the trade with a dynamic stop loss.
How It Works
Break of Structure (BOS): The strategy first waits for a strong, validated swing to break a previous, weaker swing high or low. This confirms the market's intended direction.
Identify Retracement Leg: After a BOS, the strategy identifies the most recent price leg that led to the break.
Auto-Fibonacci: It automatically draws a Fibonacci retracement over this leg, from the start of the move (1.0) to the end (0.0).
Trade Entry: A limit order is placed at a user-defined Fibonacci level (defaulting to 0.508), anticipating a price pullback.
After a bullish BOS, it looks to BUY the retracement.
After a bearish BOS, it looks to SELL the retracement.
Risk Management:
Stop Loss is placed at the start of the leg (the 1.0 level).
Take Profit is placed at a user-defined level (defaulting to the 0.0 level).
Includes an option to move the stop loss to break-even after the trade has moved a certain distance in profit.
How to Use
Swing Settings: Adjust the "Entry Swing" and "Validator" strengths to match the volatility and timeframe of the asset you are trading. Higher numbers will result in fewer, more significant setups.
Session Filter: Use the "Trading Sessions" filter to align the strategy with ICT's "killzone" concept, ensuring trades are only taken during high-volume periods like the New York session.
Backtest: Use the Strategy Tester to optimize the "FIB Entry Level," "Take Profit Level," and "Min Trade Range" to find the best settings for your specific market and timeframe.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.