5 Step Guide to Master ICT Silver Bullet Strategy

Do you want to master ICT silver bullet strategy like a pro to level up your trading?

ICT Silver bullet trading strategy is one of the various strategies used in technical analysis to predict the future move of any asset like forex currency pairs, commodities, crypto, stocks or indices. This strategy originates from smart money concepts & its foundation lies on the concepts of liquidity and fair value gap.

In this article, we will teach you all about ICT silver bullet strategy from definition to its formation and identification to its use along with visual examples.

To trade using ICT silver bullet strategy you should first know about Fair Value Gap

Lets start with defining ICT silver bullet.

What is ICT silver bullet strategy?

As Michael Huddleston also known as ICT believes in time & price and he says time is important in price delivery. So one of his strategies is Silver Bullet strategy which is also a time based trading strategy.

For ICT silver bullet strategy we will be talking about time and price so to be specific we will be using New York local time and to understand it better you should also set your time to New York local time zone UTC-4 and in case of day light saving UTC-5.

ICT silver bullet setup forms specifically three times a day.

(I) The London Open Silver Bullet (03:00 AM – 04:00 AM)

(II) The AM session Silver Bullet (10:00 AM – 11:00 AM)

(III) The PM session Silver Bullet (02:00 PM – 03:00 PM)

During these sessions we have to target nearest draw on liquidity.

Types of Liquidity for ICT Silver Bullet

(I) Previous day high/low draw on liquidity.

(II) Previous session high/low draw on liquidity.

(III) Previous week high/low draw on liquidity.

(IV) Return to current/old week opening gap.

(V) Expansion away from current/old week opening gap.

(VI) Classic ICT optimal trade entry (OTE).

(VII) Confluence of ICT 2022 mentorship Model.

Expected Profit Target for ICT Silver Bullet

The minimum trade framework should be 10 points (40 ticks) for indices and 15 pips for forex pairs.

Framework is the best case price delivery that we expect to see.

How to Trade using ICT Silver Bullet Strategy?

To trade using ICT silver bullet strategy you should be attentive in the market during silver bullet sessions and should know and mark the nearest draw on liquidity levels.

During silver bullet timings when market moves toward draw on liquidity levels and leaves behind fair value gap you have to mark the fair value gap and wait for the market to test that fair value gap.

You can execute your trade when market retests the fair value gap in the direction of current move toward the draw on liquidity.

Stop loss & Take profit

While trading using ICT silver bullet strategy.

(I) In case of a buy trade your stop loss will be below the low of candle making fair value gap during Silver bullet timings and profit target should be next draw on liquidity.

(II) In case of a sell trade your stop loss should be above the high of the candle making fair value gap during silver bullet timings and profit target should be next draw on liquidity.

Final Thoughts

While using a silver bullet in trading, we should keep in mind that no strategy is foolproof in forex, so you should not risk all your capital on this strategy.

Plus to mitigate your risks, you should always trade with stop loss in place to keep your equity safe.

Yes ICT silver bullet is a reliable time based trading strategy.

If you follow the steps listed above, you can achieve almost 90% success rate via ICT silver bullet.

What is Risk to Reward Ratio of ICT Silver Bullet?

If a proper ICT silver bullet setup forms then it may deliver up to 1:3 or 1:5 risk to reward.

Can We use ICT Silver Bullet for scalping?

ICT silver bullet is basically a scalping strategy, so for sure you can use it for scalping.

Does ICT Silver Bullet Work on Gold/XAUUSD?

Yes! ICT silver bullet is a universal trading strategy based on time. It work on every asset class like forex, metals, indices and crypto.

Can we Use ICT Silver Bullet for Swing Trading?

No! ICT silver bullet is a scalping method which may deliver up to 50/70 pips so you can not use it for swing trading.