PROTECTED SOURCE SCRIPT
ICT OTE Strategy Crypto Public
ICT OTE Strategy Crypto Public
This strategy automates a classic ICT (Inner Circle Trader) setup specifically tailored for the high-volatility nature of cryptocurrency markets. It aims to enter a trade on a retracement after a confirmed Break of Structure (BOS), using a dual-swing detection method to validate the market's direction before looking for an entry.
The entire process is automated, from identifying the market structure to managing the trade with advanced risk management options. This version uses a percentage of equity for its order sizing, which is ideal for crypto trading.
How It Works
Dual Swing Detection: The strategy uses two different sets of swing strengths to analyze market structure for higher accuracy:
Entry Swings: Weaker, more sensitive swings used to define the immediate dealing range for a potential trade.
Validator Swings: Stronger, more significant swings used to confirm a true Break of Structure.
Break of Structure (BOS): A trade setup is only considered valid after a strong "Validator" swing breaks through a previous "Entry" swing. This confirms the market's intended direction and filters out weak or false moves.
Identify Retracement Leg: After a confirmed BOS, the strategy identifies the most recent "Entry Swing" price leg that led to the break.
Auto-Fibonacci: It automatically draws a Fibonacci retracement over this leg, from the start of the move (1.0) to the end (0.0).
Trade Entry: A limit order is placed at a user-defined Fibonacci level (defaulting to 0.618), anticipating a price pullback into a discount or premium array.
After a bullish BOS, it looks to BUY the retracement.
After a bearish BOS, it looks to SELL the retracement.
Risk Management:
Stop Loss is placed at the start of the leg (the 1.0 level).
Take Profit is placed at a user-defined level (defaulting to the 0.0 level, with extension options).
Includes an option to move the stop loss to break-even after the trade has moved a certain distance in profit.
How to Use
Asset Selection: This strategy is designed for cryptocurrency markets. Its use of percentage-based order sizing is not suitable for tick-based markets like futures.
Swing Settings: Adjust the "Entry Swing" and "Validator" strengths to match the volatility and timeframe of the asset you are trading. Higher numbers will result in fewer, more significant setups.
Backtest: Use the Strategy Tester to optimize the "FIB Entry Level," "Take Profit Level," and "Swing Sensitivity" to find the best settings for your specific market and timeframe.
This strategy automates a classic ICT (Inner Circle Trader) setup specifically tailored for the high-volatility nature of cryptocurrency markets. It aims to enter a trade on a retracement after a confirmed Break of Structure (BOS), using a dual-swing detection method to validate the market's direction before looking for an entry.
The entire process is automated, from identifying the market structure to managing the trade with advanced risk management options. This version uses a percentage of equity for its order sizing, which is ideal for crypto trading.
How It Works
Dual Swing Detection: The strategy uses two different sets of swing strengths to analyze market structure for higher accuracy:
Entry Swings: Weaker, more sensitive swings used to define the immediate dealing range for a potential trade.
Validator Swings: Stronger, more significant swings used to confirm a true Break of Structure.
Break of Structure (BOS): A trade setup is only considered valid after a strong "Validator" swing breaks through a previous "Entry" swing. This confirms the market's intended direction and filters out weak or false moves.
Identify Retracement Leg: After a confirmed BOS, the strategy identifies the most recent "Entry Swing" price leg that led to the break.
Auto-Fibonacci: It automatically draws a Fibonacci retracement over this leg, from the start of the move (1.0) to the end (0.0).
Trade Entry: A limit order is placed at a user-defined Fibonacci level (defaulting to 0.618), anticipating a price pullback into a discount or premium array.
After a bullish BOS, it looks to BUY the retracement.
After a bearish BOS, it looks to SELL the retracement.
Risk Management:
Stop Loss is placed at the start of the leg (the 1.0 level).
Take Profit is placed at a user-defined level (defaulting to the 0.0 level, with extension options).
Includes an option to move the stop loss to break-even after the trade has moved a certain distance in profit.
How to Use
Asset Selection: This strategy is designed for cryptocurrency markets. Its use of percentage-based order sizing is not suitable for tick-based markets like futures.
Swing Settings: Adjust the "Entry Swing" and "Validator" strengths to match the volatility and timeframe of the asset you are trading. Higher numbers will result in fewer, more significant setups.
Backtest: Use the Strategy Tester to optimize the "FIB Entry Level," "Take Profit Level," and "Swing Sensitivity" to find the best settings for your specific market and timeframe.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.