• Overview
  • Reviews (1)
  • Comments (19)
  • What's new

Scalp Tool

Scalp Tool is a very efficient counter trend indicator.

  • It's designed to be used by anyone, even the complete newbie in trading can use it.
  • Scalp Tool does not repaint.
  • Indications are given from close to close or from close to a visible level.
  • Scalp tool can be used alone, no other indicators are required.


Scalp Tool indicates

  • Where to open your trades.
  • When to close them.
  • Where to place stop orders.
  • With an accuracy over 80% during live testing.


Scalp Tool works

  • With any instrument like FX pairs, indexes, metals, futures or whatever...
  • At any timeframe.
  • With any broker.


Scalp Tool Features

  • TradeType Wise: Will take brief trades to limit risk and exposition. An arrow will indicates you when to stop.
  • TradeType Medium: balanced profile, generates more pips with med length trades. Stop is indicated by the grey colored band and an arrow.
  • TradeType Maximum: Generates the more pips with quite long trades. Stop is indicated by green and red colored bands and an arrow.
  • If the trade is positive, shows a check on the stop arrow.
  • If the trade is negative, shows a cross on the stop arrow.
  • Shows Support and resistances
  • Shows breakeven


How to use Scalp Tool

  • Just put it on your chart(s).
  • Choose your favorite colors.
  • Decide what trade type you wish to use: Wise, Medium or Maximum.
  • Set up alerts or not.
  • And simply follow the arrows indications.
  • Support and Resistances can help you to determine better stops.


Inputs

  • TradeType:
    • Wise: Will take brief trades to limit risk and exposition. An arrow will indicates you when to stop.
    • Medium: balanced profile, generates more pips with med length trades. Stop is indicated by the grey colored band and an arrow.
    • Maximum: Generates the more pips with quite long trades. Stop is indicated by green and red colored bands and an arrow.
  • Show Breakeven: Displays a line showing BE and counting points
  • Show Res and Sup: Draws Supports and Resistances on the chart
  • Use R&S to stop trades: Regardless the chosen TradeType, will stop the trade if a Resistance or support is met.
  • Arrow Up: Sets Arrow Up color.
  • Arrow Down: Sets Arrow Down color.
  • Stop trade Up: Sets Stop Trade Up Arrow color.
  • Stop trade Down: Sets Stop Trade Down Arrow.
  • Check: Sets the Check Sign color.
  • Cross: Sets the Cross Sign color.
  • Enable Push Notifications: 'true' will enable Push notifications, 'false' will disable.
  • Enable Mail Notifications: 'true' will enable Mail notifications, 'false' will disable.
fractalfreak
1686
2016.09.09 21:04 
 

This is a great tool for traders who know how to use it. Does not repaint. Well implemented! Now with breakeven counter!

Version 1.1 - 2016.08.02
Now Features:
- Resistance and support lines
- Breakeven indicator
- Trade stops indications based on R/S lines
- Better trades detection accuracy