ICT Utilities
- Experts
- Cristian Alexander Aravena Danin
- Versione: 1.2
- Aggiornato: 1 ottobre 2024
- Attivazioni: 10
ICT UTILITIES is an ExpertAdvisor/Indicator that's based on smart money concepts like Killzones or Sessions, fair value gaps, and the Silver Bullet model.
This EA aims to be as customizable as possible so you can create your own strategy to use or simply use it as a customizable ict indicator.
You can choose the session hours and colors (the EA keeps track of the high and low of the session), the fair value gap color, and in the silver bullet you can choose the session to use, the stop loss and the take profit.
IMPORTANT❗
I pretend to keep updating this EA to add more ict models, so if you buy it and you feel like you need or want more functionalities, you can ask, and I will be happy to implement them.
Market price will increase each time a new ict model is added (this referes to an entire new model, small changes wont affect the price).
INPUTS
FVG SETTINGS
Timeframe to use: Like the name says, this is the timeframe in which the EA is going to work for finding fvg.
Minimum points of a FVG to be printed: The size in points for a FVG to be printed; FVGs smaller than this are ignored.
FVG Color.
Mitigate FVG?: If a FVG should be deleted when price trades across it.
SILVER BULLET OPTIONS
Activate SilverBullet?: If the silver bullet is going to be used to make trades. (default true) IMPORTANT❗The session 5 is used as the silverbullet session so if you want to customize the SB session you have to change the session 5 settings
Timeframe for the SilverBullet: Timeframe for the FVGs for the silver bullet. (default: 5min)
Check for liquidity taken before the trade: If true, it checks if a previous session high or low has been taken before taking the trade; if false, it doesn't check for liquidity taken and just takes the trade.
IMPORTANT❗ For the liquidity check to work, you have to put the sessions in order, meaning that session 1 has to start before session 2 and so on (I'm talking about the session settings(Start hour, End hour) that are customizable).
TRADES OPTIONS
Trade any FVG: If you want to trade any FVG printed without using the SilverBullet.
What part of the FVG use for entry:
options:
1.First part: It refers to the first part touched of the FVG; in case of a bullish FVG (for long), it uses the top of the FVG, and for a bearish FVG, it uses the bottom.
2.Last part: It refers to the last part touched of the FVG; in case of a bullish FVG (for long), it uses the bottom of the FVG, and for a bearish FVG, it uses the top.
3.Middle part: As the name says, it's the middle point of the FVG (between the top and the bottom).
4.Use the 3 parts at the same time
RISK VALUES FOR THE TRADES
Flat amount risk per trade: The amount of money you want to risk per trade in dollars. (Set this to 0 to use a percentage risk instead.)
Percentage of the account in risk per trade: The percentage of the account equity you want to risk per trade. (To use this risk type, you have to set the previous input to 0).
When to cancel the trade order: In case of a silver bullet setup, when is it not going to be valid anymore?
options:
1.Cancel at the end of the selected SilverBullet session
2.Cancel at the end of the day (5pm NY time)
3.Keep the order open until it gets canceled manually
When to close the open trade: In case of an open silverbullet trade, when to close it?
options:
1.Close the trade at the end of the day (5pm NY time)
2.Leave the trade open until it hits TP or SL
STOPLOSS AND TAKEPROFIT SETTINGS
Type of stoploss to use: What type of stoploss you want to use. (default option1)
options:
1.Use the low/high of the first candle in the FVG formation
2.Use a fixed sl in points
3.Use the last swing high/low
Points for the SL in case of using a fixed SL: If in the previous input you chose a fixed SL, here you have to set the size of the SL in points. (default: 10)
Number of candles to look back for the last swing: In case you chose to use the last swing high/low for the SL, how far back to look for the swing. (default: 5)
Type of takeprofit to use: What type of takeprofit do you want to use. (default option1)
options:
1.Use a fixed Risk Reward ratio based on the SL
2.Use a fixed tp in points
3.Don't use a TakeProfit
Risk Reward ratio for the TP: in the case of using a fixed risk reward ratio for the TP, you have to put your desired multiplier of the SL here. (default: 2)
Points for the TP in case of using a fixed TP: If in the previous input you chose a fixed TP, here you have to set the size of the TP in points.
Use a trailing StopLoss: Use a stop loss that chases the price as it goes in profit.
Number of candles to look back for trailing stop: How many candles to look back on to keep updating the trailing stoploss?
SESSIONS SETTINGS
Session1Color: The color of the Session box.
Session 1 Start Hour (NY Time) : The hour for the start of the session in eastern time/NY time
There are 5 sessions in total to use, if you dont want to use one set the times to 0.
