ICT Gold Trading Strategy For FREE

Easy ICT Gold Strategy

July 31, 2024

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Dear Traders

Many beginner Traders struggle to find a reliable trading strategy that doesn't require staring at charts for hours and establishing a daily bias.

Today, we will discuss a gold trading strategy with an insanely high win rate. The best part is that you don't need any daily bias to trade this strategy. You'll only need to take one trade per day at a specific time, so you won't have to monitor the charts all day. You also don't have to worry about news events.

Let's go through the steps :

⦁ Make sure to set your TradingView chart to New York or Eastern Standard Time. This ensures that you are trading at the correct time of the day.

⦁ Our trading window will be from 8:00 pm to 10 pm. This is where we will be looking for trade setup and entry.

⦁ First, we have to come to our charts 3 to 5 minutes before 8:00 pm, and on a 15-minute time frame, we have to mark the recent swing high and recent swing low.

⦁ Then, we have to wait for either that swing high or low to be removed. This is also where the Asian session starts, so volatility will be injected into the market.

⦁ Once the 15-minute swing high or low is taken out, we will drop down to the 1-minute time frame and wait for the market structure to shift with quick displacement to ensure the candle closes beyond the recent swing point.

⦁ You can enter right away, but it will give you a low risk-to-reward ratio.

⦁ For a better risk-to-reward ratio, you can take an entry from the fair value Gap or the break block, which is basically consecutive up or down close candles, providing us with a better risk-to-reward ratio.

⦁ Our stop loss will be above the recent swing point or above the breaker block, and for our profit Target we will aim for a 1:2 risk-to-reward ratio.

⦁ You can also Trail your stop loss according to your risk parameters for even more profits once 10 pm hits.

⦁ If you don't have any setup, you will not trade and return the next day.

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