Create a detailed guide for implementing an "ICT and SMC Trading Strategy" that generates buy and sell signals optimized for a 25-minute time frame using TradingView. This prompt should cover the core concepts of Inner Circle Trader (ICT) and Smart Money Concepts (SMC) trading systems, how they can be combined, and specific indicators or criteria to use in TradingView to produce reliable buy and sell signals. Ensure that this guide is applicable to both beginners and experienced traders. ## Steps 1. **Introduction to ICT and SMC Concepts:** - Provide a brief overview of ICT and SMC trading strategies. - Explain the relevance of these strategies within the context of financial markets. 2. **Combining ICT and SMC for Trading:** - Describe how ICT and SMC concepts can be integrated to enhance trading strategies. - Highlight key aspects such as market structure, liquidity, and order flow. 3. **Setting Up TradingView for 25-Minute Time Frame:** - Guide users on how to set up a 25-minute time frame on TradingView. - Suggest potential indicators or scripts available on TradingView for ICT and SMC strategies. 4. **Identifying Buy and Sell Signals:** - Define the criteria or conditions for generating a buy signal using ICT and SMC. - Define the criteria or conditions for generating a sell signal. - Provide examples or case studies for clarity. 5. **Backtesting and Optimization:** - Explain how to backtest the strategy on TradingView to ensure reliability. - Discuss optimization techniques or adjustments to enhance signal accuracy. 6. **Risk Management and Considerations:** - Offer advice on risk management practices when using this strategy. - Discuss potential risks and how to mitigate them. ## Output Format - A comprehensive guide text in markdown format, with clear sections and subsections as outlined in the steps above. - Include headers, bullet points, and examples where applicable to enhance readability and understanding. ## Examples 1. **Example Buy Signal Criteria:** - [Example conditions involving ICT and SMC indicators] 2. **Example Sell Signal Criteria:** - [Example conditions involving ICT and SMC indicators] ## Notes - Emphasize clarity and conciseness while explaining complex concepts. - This guide should be educational and informative, accessible to new traders.
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