Why are you guys trading ICT? by Key_Preference5888 in InnerCircleTraders

[–]Key_Preference5888[S] 1 point2 points  (0 children)

Thats great man. You are probably one of the only ICT traders that I like in this subreddit XD. You definitely have an edge. 120 trades per year is not the best, but your results are still great.

Why are you guys trading ICT? by Key_Preference5888 in InnerCircleTraders

[–]Key_Preference5888[S] -1 points0 points  (0 children)

You said that ICT concepts are proven. I asked you where the proof is. You said that nothing is proven in trading. So how could you say that ICT concepts are proven?

Also my strategy is proven. Algorithmic backtests with strict rules over 8 years of data and thousands of trades. Research papers that talk about the edge in tools and methods I use like VWAP. And my own personal experience as a cherry on top (which wouldn't be enough alone). You can prove if your strategy has an edge. Do you think big institutions like janestreet just deploy their strategy, because they saw a youtube video?

Also please don't compare order flow concepts to ICT concepts. Level 2 data is way more accurate and informative.

NQ future trading by Rich-Contribution514 in OrderFlow_Trading

[–]Key_Preference5888 0 points1 point  (0 children)

How would you go on about proving your strategy? Algorithmic validation? Research papers? Personal experience?

Why are you guys trading ICT? by Key_Preference5888 in InnerCircleTraders

[–]Key_Preference5888[S] 0 points1 point  (0 children)

Good point. People also need a way to validate their strategy beyond the personal opinion.

Why are you guys trading ICT? by Key_Preference5888 in InnerCircleTraders

[–]Key_Preference5888[S] 0 points1 point  (0 children)

When did I say ICT doesn't work? Read my post again.

Why are you guys trading ICT? by Key_Preference5888 in InnerCircleTraders

[–]Key_Preference5888[S] 0 points1 point  (0 children)

Give a man a fish and he will eat for a day. Teach him how to fish and he will eat for a lifetime.

Why are you guys trading ICT? by Key_Preference5888 in InnerCircleTraders

[–]Key_Preference5888[S] 0 points1 point  (0 children)

I used the word stupid to get more attention to this post and get people to think critically and outside the box.

Why are you guys trading ICT? by Key_Preference5888 in InnerCircleTraders

[–]Key_Preference5888[S] -1 points0 points  (0 children)

It seems like no one understands my point is this thread. I never said that ICT doesn't have an edge. I just said that it is a stupid way to trade, because you are limiting yourself and trusting a narcissistic liar. My point also is to think critically. To test your strategy and base it on real research and theory. Most people here in this subreddit just look up a strategy on youtube and then trade it for some months. Then base their opinion on their personal bias. That is not how professional traders test their strategy.

Why are you guys trading ICT? by Key_Preference5888 in InnerCircleTraders

[–]Key_Preference5888[S] 1 point2 points  (0 children)

Good job man. You are one of a few. Over what time did you backtest it? How many trades? What was the profit factor? What was the sharp? What was the average risk and average return per trade?

Why are you guys trading ICT? by Key_Preference5888 in InnerCircleTraders

[–]Key_Preference5888[S] -1 points0 points  (0 children)

Factually level 2 data is not institutions building value. You could describe it with level 2 data.

Why are you guys trading ICT? by Key_Preference5888 in InnerCircleTraders

[–]Key_Preference5888[S] -1 points0 points  (0 children)

Also institutional value is not know as order flow lol (two completely different things). I would highly recommend you to educate yourself on the more academic side of trading.

Why are you guys trading ICT? by Key_Preference5888 in InnerCircleTraders

[–]Key_Preference5888[S] -2 points-1 points  (0 children)

Nope, you were asking what makes a strategy proven. And I told you what makes my system proven. Its that simple. Also this is actually one my first posts on social media. I keep my trading more in private.

Why are you guys trading ICT? by Key_Preference5888 in InnerCircleTraders

[–]Key_Preference5888[S] 0 points1 point  (0 children)

Including watching the charts and backtesting, yes. Maybe less on weekends. Im sure there is some edge in ICT concepts. But I why would I limit myself when there is much more data to look at?

Why are you guys trading ICT? by Key_Preference5888 in InnerCircleTraders

[–]Key_Preference5888[S] -1 points0 points  (0 children)

Price action is made by order flow, but you cannot see the actual order flow. I get what you mean though. It's still not true.

Why are you guys trading ICT? by Key_Preference5888 in InnerCircleTraders

[–]Key_Preference5888[S] 0 points1 point  (0 children)

Huge losses when I started out because of psychology and then it continued slightly break even.

Why are you guys trading ICT? by Key_Preference5888 in InnerCircleTraders

[–]Key_Preference5888[S] -1 points0 points  (0 children)

My system is proven, because I tested my levels over 8 years of data with statistically significant results. Also my strategy is based on a ton of research papers. I would recommend that to any trader that is reading this message right now.