ICT OTE Strategy Futures Public

ICT OTE Strategy
This strategy automates a classic ICT (Inner Circle Trader) setup that aims to enter a trade on a retracement after a confirmed Break of Structure (BOS). It is designed to identify high-probability setups by waiting for the market to show its hand before looking for an entry within a "discount" or "premium" array.

The entire process is automated, from identifying the market structure to managing the trade with a dynamic stop loss.

How It Works
Break of Structure (BOS): The strategy first waits for a strong, validated swing to break a previous, weaker swing high or low. This confirms the market's intended direction.

Identify Retracement Leg: After a BOS, the strategy identifies the most recent 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 0.508), anticipating a price pullback.

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).

Includes an option to move the stop loss to break-even after the trade has moved a certain distance in profit.

How to Use
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.

Session Filter: Use the "Trading Sessions" filter to align the strategy with ICT's "killzone" concept, ensuring trades are only taken during high-volume periods like the New York session.

Backtest: Use the Strategy Tester to optimize the "FIB Entry Level," "Take Profit Level," and "Min Trade Range" to find the best settings for your specific market and timeframe.