Understanding the ICT Silver Bullet Setup

Published: May 2026 | Category: ICT Trading

The ICT Silver Bullet is one of the most reliable setups in the Smart Money Concepts framework.
It focuses on a specific 1-hour window — 10:00 AM to 11:00 AM NY time — where institutional order flow creates predictable, high-probability moves.

Why the Silver Bullet Works

The 10-11 AM window is a killzone — a period where the interbank price delivery algorithm executes large pending orders.
During this window, price tends to displace from the 10:00 AM opening price toward a liquidity pool.

Entry Rules (Step by Step)

1. Wait for 10:00 AM NY time. Mark the opening price on EURUSD or NASDAQ.
2. Identify the Judas Swing: Price will often push in one direction first, then reverse.
3. Look for a Fair Value Gap (FVG): A 3-candle pattern with a gap between candle 1 low and candle 3 high (or vice versa).
4. Enter on the retrace into FVG: Place a limit order at the 50% level of the FVG.
5. Stop loss: Below the recent swing low (or above swing high for shorts).
6. Target: The opposing liquidity pool — previous day high/low or an imbalance.

Real Example: EURUSD — April 29, 2026

Risk Management

• Max 1% risk per trade (FTMO/Blueberry rule)
• Max 2 trades per day (Circuit Breaker)
• No Silver Bullet on NFP/FOMC days
• Always confirm with RSI divergence before entry

Automating the Setup

Our RSI_MA20_Bot (MQL5) scans for Silver Bullet conditions on EURUSD H1 — it checks RSI+MA20 confluence,
marks the FVG automatically, and sends signals to Telegram via entry_monitor.py.

Want to run this automatically on FTMO? Check our recommended tools →

Disclaimer: Trading involves risk. Past performance does not guarantee future results. This is educational content, not financial advice.