Forex Silver Bullet Strategy | SMC Trading Strategy for Mobile Traders
The Forex Silver Bullet Trading Strategy is a widely used Smart Money Concept (SMC) Strategy that provides traders with a systematic set of guidelines to maximize the chances of success. The Trading Strategy lends itself especially well to mobile Trading, as it focuses on a specific period with tidied-up price action and no need for complex indicators to execute the trade.
Best Demo Practice Brokers
Practicing with a demo account for some time before applying a Trading Strategy to a live account is always important. A quality demo broker will provide you with prompt execution, narrow spreads and up-to-date price information.
The following demo brokers are great for practicing the Silver Bullet Trading Strategy:
USA Clients Avfx Capital
These brokerage pairs allow you to practice in a consistent demo environment, making them terrific for SMC and intraday trading strategies.
Best Trading Strategy (Silver Bullet Overview)
The Silver Bullet Trading Strategy is a combination of ‘Smart Money Concepts’ and focuses on the following components:
Market Structure
Liquidity grabs
Fair Value Gap (FVG)
High Probability Trading Sessions
The strategy looks for short and precise trades and provides opportunities for traders looking to make fewer trades and focus on high-quality trades.
Pairs Trading Strategy
Different pairs have varied analyses and will not perform well using all the same strategies. Only Trade in high liquidity instruments for the Silver Bullet Strategy. The Following Pairs Perform Best in the Silver Bullet Strategy:
- EURUSD
- GBPUSD
- USDJPY
- Gold(XAUUSD)
These pairs line up nicely with SMC concepts and have shown clean price movement during the active hours of the markets.
Market Levels Strategy
The Silver Bullet Trading Strategy is based on Market levels. Always identify your key levels before beginning to look for any entry points.
Examples of important Market Levels include:
- Highs/Lows from the Previous day
- Highs/Lows of the London session
- Highs/Lows of the New York session
- Equal Highs/Equal Lows
Identifying these levels provides insight into the areas of entry and exit for Smart Money.
Buy Trading Strategy (Bullish Setup)
The Silver Bullet Trading Strategy consists of the following steps for placing a buy order: The market moves below a key support level (the “key low”) and creates a new low; The market then moves up, which indicates that we are now in a bullish market setup (i.e., the market will go up); This is where we look for an opportunity to enter the market with an order to buy; The last step is to enter into the FVG (the Fair Value Gap) within that active session with a tight stop loss. This approach creates opportunities for precision entry points with excellent risk-to-reward ratios.
Sell Trading Strategy (Bearish Setup)
The criteria for a sell setup, per SMC rules, can be summarized as follows:
- The market takes out liquidity directly above a significant recent swing high.
- The market structure transitions from bullish to bearish in an orderly fashion.
- A bearish fair value gap is generated (FVG).
- The price pulls back to the FVG.
- Enter the sell trade with your stop loss above the swing high.
Maintaining a disciplined approach is paramount when utilizing this particular trading strategy, particularly when executed on lower time frame charts.
Market Trading Sessions
This trading strategy works well in certain markets at specific times of the day. You should not trade outside these times.
Best times to trade this trading strategy are as follows:
London Session (the first few hours before the opening of market hours)
New York Session (the first hour and the second hour of trading after the market opens)
The best times to trade this trading strategy are when volatility/ liquidity is present for the Smart Money concept to be fully realised.
Final Thoughts
SMC-based Trading Strategies yield stability, precision, and discipline. The Forex Silver Bullet Strategy is an example of this type of strategy that has been developed to assist traders whose goal is to find such opportunities while avoiding excessive screen exposure. It emphasizes quality over quantity in terms of entry points.