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 Research

Testing the ICT Silver Bullet

We tested the ICT Silver Bullet on QQQ — 1,145 trades across 23 years.

Win rate 30.3% (2R breakeven = 33.3%) · expectancy -0.124 R after costs.

Random was better 84% of the time.

Headline

What the sample shows

Trades
1,145
Years (QQQ)
23
Win rate vs 33.3% at 2R
30.3%
Expectancy R after costs
-0.124 R

Baseline

Silver Bullet vs random entries

Same days, same stop distance and 2R target, random minute and direction.

Histogram comparing ICT Silver Bullet expectancy to 1,000 random-entry runs on QQQ
1,000 random runs · real result at percentile 15.8

How we tested

Rules locked before the result

Rules were written and hashed before any Massive data run. On QQQ from 2003-09-10 to 2026-10-13, the New York 10:00–11:00 Silver Bullet window was coded as a single first-FVG fill with a 2R target, after costs. Each traded day was also replayed with a random minute and direction (1,000 runs) so the real expectancy can sit on a null distribution instead of a story.

Learn how SCUTA specifies and tests rules in the Quant course

Educational content, not investment advice. Past backtests are not a promise of future results.