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ICT Silver Bullet EA MT4 – Settings Overview

The ICT Silver Bullet EA is a session-based Expert Advisor (EA) designed to trade during the London and US sessions using price action logic and precise pip gap measurements between candles. Below is a breakdown of its core settings:

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ICT Silver Bullet EA MT4 – Settings Overview 4

🔧 General Trade Parameters

  • TP_Ratio: 2.0
    The EA uses a 2:1 reward-to-risk ratio, aiming for twice the profit compared to the stop loss.
  • Lot_size: 0.01
    It trades with a fixed micro lot size unless risk percentage is enabled.
  • Use_Lots_on_Risk_Percentage: false
    Risk-based lot sizing is disabled, ensuring fixed lot usage for all trades.
  • Risk_Percentage: 1.0
    Although not used (since the above setting is false), the risk would have been capped at 1% if enabled.
  • Magic_Number: 1314
    A unique identifier for managing trades exclusively initiated by this EA.
  • SL_Buffer_Pips: 1.0
    A 1-pip buffer is added to stop loss levels for tighter risk control.

📊 Fair Value Gap (FVG) and Candle Body Filters

  • Number_Of_Candles_To_Expier_FVG: 5
    FVGs older than 5 candles are discarded, keeping signals fresh and relevant.
  • Min_Pips_Body_Candle1/2/3: 10.0 each
    Ensures minimum 10-pip body size for the last 3 candles, filtering out weak or indecisive price action.

🕐 London Session Settings

  • Start_Hour_London: 00:00
  • End_Hour_London: 12:00
    Trades only during the London session window.
  • Min_Gap_Pips_London: 10.0
    Minimum pip gap required for signal validation during the London session.
  • Max_No_Trades_London_Session: 2
    Restricts the number of trades to 2 per session, reducing overtrading.

🕐 US Session Settings

  • Start_Hour_US: 12:00
  • End_Hour_US: 23:00
    Active during most of the US session.
  • Min_Gap_Pips_US: 10.0
    Same pip gap filter as London session.
  • Max_No_Trades_US_Session: 2
    Caps the trades at 2 per session for the US market.

🛡️ Breakeven and Trade Management

  • is_BreakEven: true
    Breakeven feature is enabled for minimizing loss on profitable trades.
  • Breakeven SL Ratio: 0.75
    Once price hits 75% of the take profit, the stop loss moves to breakeven.
  • Breakeven Set SL Ratio: 0.1
    A minimal buffer of 10% is used when setting the stop loss at breakeven level.

📌 Conclusion: Is ICT Silver Bullet EA a Good Strategy?

The ICT Silver Bullet EA for MT4 demonstrates a well-structured, risk-aware configuration with defined session filters and price-action logic. By enforcing strict candle body size, fair value gap aging, and pip gap validation, the EA filters out low-quality signals and focuses on volatility during key market sessions.

Combined with breakeven protection, tight stop-loss buffers, and limited trades per session, the EA provides strong potential for stable and consistent performance, especially on high-liquidity assets like indices or metals.

This makes ICT Silver Bullet EA highly suitable for both prop firm challenges and live accounts with strict drawdown rules.

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