Scalper Bot is a scalping strategy, looking for market turning points between support and resistance pivots
Scalper Bot is developed for Crypto markets. It has not been tested on forex or any other markets, however it is not limited to Crypto markets. It can also be used on any trading pair, on any exchange and in any time frame.
Scalper Bot comes complete with 3 alerts: - LONG: LONG indicates that the market could potentially go up
- SHORT: SHORT indicates that the market could potentially go down
- CLOSE: CLOSE is a trailing stop loss and indicates that the market is no longer moving in the anticipated direction and that the current position should be closed. The same CLOSE signal is used for both LONG and SHORT
When setting up alerts, LONG and SHORT alerts should be set up to give an alert on ONCE PER BAR CLOSE, whereas the CLOSE alert should be set to ONCE PER BAR
Scalper Bot is a margin trading script, and caution should be exercised when using margin trading
Commission in the backtester is set to 0% as each exchange and each trading pair has its own commission structure. Be sure to change this value for backtesting purposes to the required commission.
---INVITE-ONLY SCRIPT---
This is an invite-only script, if you would like to try out this bot, send me a message
Release Notes
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Updates made to backtester script
Release Notes
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- Added feature for PROFIT TAKING Based on 50% of invested amount to be booked at PROFIT level
- Alerts trigger added for Profit taking
Comments: This added feature increases profitability and decreases draw down
Release Notes
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Converted to exchange trading script - Buy Low / Sell High
- Buy on OPEN - Take profit on PROFIT - Trailing Stop Loss on STOP - Close on CLOSE
Works on any exchange Works on any chart Works in any time frame
Release Notes
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Converting back to margin trading script
Release Notes
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Updates made to profit taking portion of script
Release Notes
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Scalper Bot 2.0 has the following modifications:
- SETUP: ======== Less sensitive to settings, can use settings more generally Time frame is the biggest variable
- TRADE OPEN: ============= Better entries and possibility of re-entering the market if stopped out or caught on wrong side of market
- PROFIT TAKING: =============== Improved profit taking strategy Backtester results based on 40% at target 1, 30% at target 2, 10% at target 3, 10% at target 4 and 10% on trade close, open to trader's own style
- TRAILING STOP: =============== Improved trailing stop loss strategy
- ON-SCREEN: ============ Signals script is complete with on-screen targets and trailing stop loss
- ALERTS: ========= Alerts can be set for: *open_LONG *open_SHORT *close_ALL *profit_LONG_1 *profit_LONG_2 *profit_LONG_3 *profit_LONG_4 *profit_SHORT_1 *profit_SHORT_2 *profit_SHORT_3 *profit_SHORT_4