ICT: OTE (Optimal Trade Entry)
The price band considered "optimal" for entering during a retracement.
OTE (Optimal Trade Entry) is the retracement band, based on Fibonacci levels in which, according to the ICT method, the risk/reward of an entry is best.
What it is for
After a directional impulse, it helps you identify where to wait for price to come back before considering an entry, instead of chasing the move.
How to read it
- A band highlights the retracement zone (typically between 62% and 79% of the move).
- Inside it, a line marks the sweet spot (around 70.5%), the “ideal” point of the band.
Parameters
- Band, the edges of the OTE band (retracement percentages), editable.
- Levels, show or hide the level lines.
- Zone / sweet / leg colour, appearance only (the “leg” is the reference move the retracement is measured from).