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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🔧 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:
10.0each
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.