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Easy ICT Bullet SP500

FREE

Published: 13 January 2024

Current version: 1.0

Easy ICT Bullet SP500

Experts
Florent Moreau
Version: 1.0

Easy ICT SP500 is an Expert Advisor meticulously crafted to execute trading strategies based on the simplified ICT Bullet Strategy, incorporating Fair Value Gap analysis for precise position entries. Tailored specifically for the SP500, this EA aims to provide traders with a reliable and optimized tool for navigating the dynamic landscape of the stock market.

Distinguished Strategy: this EA distinguishes itself by employing a sophisticated yet simplified version of the ICT Bullet Strategy, strategically incorporating Fair Value Gap analysis. This combination enhances the precision of trade entries and positions the EA as a powerful tool for SP500 trading.

This Expert Advisor is finely tuned and optimized for trading on the SP500 but can be also used for other indices.

Feel free to backtest this Expert with the different settings.

Key Features:

Timeframe: M5
New York City Session: This EA is optimized to trade during NYC session (10AM GMT-5)
Fair Value Gap Analysis: The EA leverages Fair Value Gap analysis to enhance its trading decisions, ensuring that positions are taken with a comprehensive understanding of the market dynamics.
Single-Trade Focus: FairValue Gap Master EA adheres to a disciplined approach by executing only one trade at a time. This promotes effective risk management and concentrates efforts on high-quality trades.
Optimized Parameters for SP500: The EA comes pre-configured with parameters optimized for the SP500, eliminating the need for extensive customization. This streamlines the setup process for traders.
Risk Management Capabilities: Traders have the option to enable Risk Management, wherein the lot size is calculated based on a specified Risk Percentage. Alternatively, they can opt for a fixed lot size if Risk Management is disabled.

Properties:

Maximum Risk Management in percentage : Lot size will be calculated based on the specified Risk Percentage.
Reward ratio : Reward ratio will adapt the Take Profit value according to the Stop Loss
Session open hour : hour of the session to open a trade. Select the best hour according to your broker in order to fit NYC session (17pm for ICMarkets broker)
Session open minutes : minutes of the session to open a trade.
Session close trades : time for which trades will be closed.
Max trades per day : number of trades max opened during the session
Use breakeven : if set to true, breakeven will be enabled once price reach 75% of the target
Use Trailling Stop : if set to true, trailing stop is enabled.
Trigger StopLoss : set the trigger to start trailling stop.
Trailing StopLoss : set the trailing step.

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Gloria Sarpong 2024.04.09 11:46 #

User didn't leave any comment to the rating

112

Peter Scott 2024.01.17 06:49 #

Just downloaded the EA and set it up on IC Markets Raw Spread account. Using the set file provided but changed the risk to 0.5%. Will update again in 1 weeks time.

Well. 1month later not even 1 trade. No wonder its free-it does not work