Automated ICT Daily Bias Trading with Adaptive Profit and Loss Limits

Summary

The document describes a modular MetaTrader expert advisor organized around the ICT Daily Bias method. It identifies bullish, bearish, or revising market bias across timeframes as the directional input for trades. A risk-management component supports daily, weekly, and monthly profit and loss limits, with thresholds that can adjust as account balance changes. The described toolkit also includes one-cancels-other order handling, array and date utilities, an ATR calculation class, and helper components for chart and equipment operations.

The material is a high-level description of code structure rather than a full trading specification. It does not define the precise ICT bias rules, show parameter values, explain trade entries or exits, or provide backtest or live performance evidence. As a result, it can inform readers about the components used to build an automated strategy, but it is insufficient to assess whether the signal or risk controls are effective. The daily, weekly, and monthly limits are described as configurable risk controls, not as proof of reduced losses or improved returns.

Key ideas

• The advisor uses ICT Daily Bias to classify market direction across multiple timeframes.
• It supports daily, weekly, and monthly profit and loss limits that can adapt to account balance changes.
• The described architecture includes OCO order handling, ATR calculations, and general-purpose utilities.
• The document does not specify signal rules or provide evidence about strategy performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.