Silver Bullet EA

Silver Bullet EA is an MT4 expert advisor built around the ICT Silver Bullet concept. It watches for fair value gaps (FVGs) during defined time windows and places trades automatically when its conditions are met.

How it works

The EA only looks for setups inside the Silver Bullet windows. Within a window it searches for a displacement move, then a fair value gap, and enters according to the entry model you select. Pending orders that were not filled are removed at the end of the window by default, or at a time of day you choose if you enable the timed option.

Entry models

• Classic: takes the first fair value gap that forms inside the window and passes the filters.
• Continuation: looks at how price reacts to the high or low of the previous hourly candle. If price displaces beyond that level, the EA looks for an FVG entry in the same direction.
• Reversal: also uses the previous hourly high or low. It waits for liquidity to be taken beyond that level, then for a displacement that changes character, and enters on an FVG in the new direction.

There is also an option that trades every fair value gap. It is not how the strategy is meant to be used day to day, so leave it off unless you have a specific reason and have tested it.

Filters and trade management

• Displacement filter: compares the size of the displacement candle with the previous 20 candles. You enter a percentage, and the candle must exceed the recent average by at least that much.
• Minimum FVG size: ignores gaps smaller than a pip value you set.
• Breathing room: adds an extra pip buffer to the automatic stop loss.
• Tight stops: when on, the stop sits at the extreme of the first candle of the FVG pattern instead of the swing high or low. The extra buffer still applies.
• Close all trades: optionally closes open positions at a time of day you set.
• Close pending orders: optionally cancels pending orders at a chosen time instead of at the window end.

Markets and timeframes

This page does not fix a list of symbols or a single timeframe. Check the inputs in your copy and test on the instruments you plan to trade. Because the logic depends on time windows, your broker's server time and any offset between that and the EA's time inputs matter a great deal.

Settings

Risk

Lot size, stop distance and spread all affect how much a trade can lose. Run the EA on a demo account first, review the back-test and forward results critically, and do not rely on default values.

Installation

1. In MT4, choose File, then Open Data Folder.
2. Copy the expert file into MQL4/Experts.
3. Restart MT4 or refresh the Navigator panel.
4. Drag Silver Bullet EA onto a chart of your chosen symbol.
5. In the properties window, allow live trading, then set your inputs and make sure AutoTrading is enabled in the toolbar.