SMC / ICT Trading Setup Planner

Build a documented plan in five steps

Start with the instrument, direction and higher-timeframe rationale. Review market structure, then map buy-side and sell-side liquidity. Assess a sweep and any confirmation concepts you use, including break of structure, change of character, fair value gap, order block and displacement. Mark each item completed, not completed or not applicable. These are your assessments; the tool does not inspect charts.

Define invalidation before the result

Enter the planned entry, protective stop and target, then describe the specific condition that invalidates your idea. A long requires stop below entry and target above entry. A short requires stop above entry and target below entry. Position units mean lots multiplied by the instrument’s contract size; do not enter a lot count in the units field unless that is actually the contract convention.

Formulas and conversion

Risk distance = absolute(entry − stop). Reward distance = absolute(target − entry). Planned reward-to-risk ratio = reward distance ÷ risk distance. Monetary risk = risk distance × position units × quote-to-account conversion. Monetary reward uses the same units and conversion with reward distance. The conversion means one quote-currency unit expressed in account-currency units. Use 1 only when those currencies match or when that is genuinely the correct conversion.

Worked example

For a long entry of 1.1000, stop at 1.0990 and target at 1.1020, the risk distance is 0.0010 and reward distance is 0.0020, giving a planned 2R target. With 10,000 units and conversion 1, planned monetary risk is 10 and planned reward is 20 account-currency units. With conversion 0.9, those amounts become 9 and 18, while the 2R distance ratio stays unchanged.

Interpreting the checklist

Completion is completed applicable items divided by all applicable items. Items marked not applicable are excluded from the denominator. If every item is not applicable, the percentage is unavailable. A 100% checklist means your selected review items are complete; it is not a 100% chance of winning, a measured edge or an instruction to enter a position. Concepts can be interpreted differently, so record your rationale consistently.

FAQ: Can I save or execute the setup?

Use Export setup JSON for a local record or Print summary after completing the final step. The planner does not place orders or automatically save a setup across visits. Monetary estimates assume a linear price × units contract and exclude commission, spread effects, financing and slippage. A stop order may fill beyond its specified price. Recheck contract units and conversion assumptions before comparing a plan with broker figures.