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.