So, in summary, you trade any FVG that breaks structure (w/ user defined displacement) and is traded back into with a ten point, 40 tick, R:R on the ES 3M timeframe? You have updated the SME quite a bit since this was done, still using it? Thanks, love your work!
Many haters I see for mechanical trading. The truth is that it does help the beginner understand some basic technical concepts of markets. It is even better if you have some developer knowledge and recreate some of this strategies yourself, its a very good learning experience. Mechanical trading software is a great tool when you know what you are doing, and excellent if you already have a very good strategy , a set of rules. mechanical trading takes the worst hindrance in trading which is the human psychology condition out of the equation. You know many traders have very good strategies, but they can't reach their potential because of this. Sometimes the more you know the more you struggle (analysis paralysis) . Also you can use software to just not trade, but to raise alerts, paint levels, indicator signals etc. But yeah at the end of the day this is just a tool, a very good one IMO.
is it possible to test the idea that: - wait for the break of asian and euro range (before NY open) - a.k.a - break the high or the low of the current day. - wait for a MSS with FVG - Long/Short at the FVG with SL above the high or below the low - On m3 or m5 - US100 I'm trying to learn to code by watching youtube video, but there's something I cannot translate into code
You provide good analysis and commentary but it would help if you move your mouse much more slowly when you point things out. It is a problem many presenters have. Unless your target audience is my cat. 😅
Why not use ATR for SL and TP, instead of fixed points, to account difference in price movement in different sessions. My bet is that would increase your winrate for 1:1. With your coding stills, it would be quite easy to test out :)
Yes I definitely want to test different methods like that. Should hopefully have more options soon, in addition to just a fixed number of ticks/points!
I personally don't have it hooked up to a bot at the moment, but technically you can hook any TV strategy up to certain compatible brokers via services like SignalStack, TradersPost, etc.
1:1 being better in the long term is interesting. I've always thought one contract value stop loss was safer, then BE and let it run to target. Do you use break even with the bot?
This is the problem when you try to make an ict strategy 100% mechanical, its good for begginers i guess, to start picking up some chart time/experience, but the goal is to be better and better at reading price/liquidity and know when you should and shouldnt take a trade... Thats really what makes the difference and boost your results to another level
@@nicholastrades when talking about any other form of trading yes i guess, but with ICT, the trader who grinds for hours a day and gain the experience to see where price is drawing, or which PDarray will hold, its just another level... ICT isnt meant to be traded mechanically, you cant be just a dumb computer with these concepts, just saying... if you want to trade algorithms go ahead, i dont care what other traders do
Nope - common practice to avoid repainting is to essentially impose a 1 bar delay; therefore you would only see a 1h MSS after that 1h candle closes, for example
This video is giving me so many ideas for some strategies! Appreciate it man!
So, in summary, you trade any FVG that breaks structure (w/ user defined displacement) and is traded back into with a ten point, 40 tick, R:R on the ES 3M timeframe? You have updated the SME quite a bit since this was done, still using it? Thanks, love your work!
Great stuff, looking forward to more of this type of content. 🙏
Many haters I see for mechanical trading. The truth is that it does help the beginner understand some basic technical concepts of markets. It is even better if you have some developer knowledge and recreate some of this strategies yourself, its a very good learning experience. Mechanical trading software is a great tool when you know what you are doing, and excellent if you already have a very good strategy , a set of rules. mechanical trading takes the worst hindrance in trading which is the human psychology condition out of the equation. You know many traders have very good strategies, but they can't reach their potential because of this. Sometimes the more you know the more you struggle (analysis paralysis) . Also you can use software to just not trade, but to raise alerts, paint levels, indicator signals etc. But yeah at the end of the day this is just a tool, a very good one IMO.
Great I can use my strategy without overthinking just optimizing with this and taking emotions away 🔥🤔 I got some ideas with this , this is brilliant
is it possible to test the idea that:
- wait for the break of asian and euro range (before NY open) - a.k.a - break the high or the low of the current day.
- wait for a MSS with FVG
- Long/Short at the FVG with SL above the high or below the low
- On m3 or m5 - US100
I'm trying to learn to code by watching youtube video, but there's something I cannot translate into code
Great video and strategy.
You provide good analysis and commentary but it would help if you move your mouse much more slowly when you point things out. It is a problem many presenters have. Unless your target audience is my cat. 😅
Lol I used to have a mouse highlighter for my videos but suddenly it doesn’t work anymore… need to find a new one!
is this with slippage? a strategy should account for 3-4 slippage for more accurate results
Do ur own then
Great content
This is helpful. Thanks!
Why not use ATR for SL and TP, instead of fixed points, to account difference in price movement in different sessions. My bet is that would increase your winrate for 1:1.
With your coding stills, it would be quite easy to test out :)
Yes I definitely want to test different methods like that. Should hopefully have more options soon, in addition to just a fixed number of ticks/points!
Is this something you have to have a bot hooked up to or can one simply enter and exit when the indicator says so?
I personally don't have it hooked up to a bot at the moment, but technically you can hook any TV strategy up to certain compatible brokers via services like SignalStack, TradersPost, etc.
1:1 being better in the long term is interesting. I've always thought one contract value stop loss was safer, then BE and let it run to target. Do you use break even with the bot?
I did not use any breakeven stops but that would be interesting to test!
can this be profitable with real live slippage and commission tho?
This is the problem when you try to make an ict strategy 100% mechanical, its good for begginers i guess, to start picking up some chart time/experience, but the goal is to be better and better at reading price/liquidity and know when you should and shouldnt take a trade... Thats really what makes the difference and boost your results to another level
Idk if you’re commenting to sound smart but mechanical trading with proven statistics will out trade 99% of all traders.
I agree. Anyone that disagrees is probably still learning lol.
@@nicholastrades when talking about any other form of trading yes i guess, but with ICT, the trader who grinds for hours a day and gain the experience to see where price is drawing, or which PDarray will hold, its just another level...
ICT isnt meant to be traded mechanically, you cant be just a dumb computer with these concepts, just saying... if you want to trade algorithms go ahead, i dont care what other traders do
@@thirdeyeforex5490 totally agree, i used to think like that when i was kinda new to the markets... Just take a look to what this other dude said lmao
@@nicholastrades absolutely wrong. The best traders in the world use discretion to an extent in their trading
1:1 rr and taking every trade is crazy
Nice strategy meeeen, what is the winrate of that strategy?💥
56% over a year running 24/7
wont the indicator repaint when using MTF, since you will have access to the whole 1 hour bar even if you are only 5 minutes into the hour.
Nope - common practice to avoid repainting is to essentially impose a 1 bar delay; therefore you would only see a 1h MSS after that 1h candle closes, for example
test on NQ?
Does this come with Alerts for the BUY/SELL?
Alerts can be configured for any strategy within these indicators
@@TradeForOppcan this enter trades for us based off criterias we make
how much?
Jesus Loves You! John 3:16. God Bless!
Swap FVG for BB! Just saying!
Someone brilliant make something like this in NT8
working on it...
TFO how did you manage to get 1 year of data to backtest?
TradingView provides more data/greater backtesting capability to higher-paying subscription plans. I have the premium plan (highest tier)
Advertising his bot
Too fast to understand what's been said
lol. just promoting bot