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Professional Scalping Strategy

This is a scalping strategy for lower-timeframes! 

We all know that the market moves in impulses, waves, trends. This scalping strategy aims to enter and exit on the impulses.

We recommend using proper risk and money management such as position sizing, stop losses, etc.

You can for example divide your entries and exit into 3, so you enter the first signal with 1/3 of the total size, and the next signal you enter 1/3 again and so on. (same for the exit). This will reduce the risk of the strategy.

Strategy Idea

  • Settings explained apply to Long & Short!

The strategy aims to find impulses with the use of ATR Trend/Top/Bottom. ATR Trend/Top/Bottom indicator with these specific settings identifies market impulses and the height of the ATR Line is a measure of the strength. Equally high ATR Lines means that the strength in the Impulses is equally strong. This lets us compare the impulses with each other to understand how strong the current Impulse is in relation to the previous ones.

Range & Trend with the Long-term setting serves as a trend filter. This helps us to only take trades with the trend.

 

This strategy is one of many and be creative and combine other indicators and methods.

Indicators Needed

  • ATR Trend & ATR Top/Bottom (Expo)
  • Range & Trend (Expo)

Do you wanna know how to set alerts for the Top/Bottom Feature? – scroll down to the bottom of the page. 

ATR Trend/Top/Bottom Setting

In order to see the Top/Bottom Feature make sure to:

1) Select “Top/Bottom ATR” in the list

2) Enable “Show ATR Top/Bottom Line?” and “Show ATR Top/Bottom Background Color”

3) Disable “Show BarColor”

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We have added some variations of settings that can be used (See pictures below). Otherviwe we recommend to use the standard settings. 

Range & Trend Settings

1) Make sure to use “LongTerm” settings.

2) Disable “Show Buy/Sell Labels”

 

With the settings above your chart should look like this!

Entry/Exits & Target/Stop Loss

Long Entry

The Entry condition is a combination of ATR Top/Bottom and we use Range & Trend to filter the Trend.

We can use two types of Entry with this Setup.

  1. Entry 1 is a simple setup.
  2. Entry 2 is more “Advanced” and uses Price Action for confirmation.

Enter Long 1 (Simple Setup)

Enter Long 1: when ATR Bottom [Red Line] gives a Strong Impulse Peak and the Background is Red and Range & Trend Line is Green [Positive Trend].

Enter Long 2 (Advanced Setup)

Enter Long 2: when ATR Bottom [Red Line] gives a Strong or Weak Impulse Peak and Price finds Support at a green Range & Trend Line [Positive Trend].

Short Entry

The Entry condition is a combination of ATR Top/Bottom and we use Range & Trend to filter the Trend.

We can use two types of Entry with this Setup.

  1. Entry 1 is a simple setup.
  2. Entry 2 is more “Advanced” and uses Price Action for confirmation.

Enter Short 1 (Simple Setup)

Enter Short 1: when ATR Bottom [Green Line] gives a Strong Impulse Peak and the Background is Green and Range & Trend Line is Red [Positive Trend].

Enter Short 2 (Advanced Setup)

Enter Short 2: when ATR Bottom [Green Line] gives a Strong or Weak Impulse Peak and Price finds Resistance at a red Range & Trend Line [NegativeTrend].

Exit and Stop Loss

We recommend exiting your positions in 2 steps, first, we bank some profit at a weak impulse and make a full exit at a strong impulse. (Or at the SL).

Se over examples trades below to understand the Exit and Stop loss

  • Take Profit Long – When ATR Top [Green Line] gives a Weak Impulse.
  • Take Profit Short – When ATR Bottom [Red Line] gives a Weak Impulse.

 

  • Exit Long – When ATR Top [Green Line] gives a Strong Impulse.
  • Exit Short – When ATR Bottom [Red Line] gives a Strong Impulse.

 

  • Long Stop-loss – When Range & Trend changes color from Green to Red or Slightly below Range & Trend [Long Entry 2].
  • Short Stop-loss – When Range & Trend changes color from Red to Green or Slightly above Range & Trend [Short Entry 2].

    Example: Long & Short – Entry 1

      Example: Long & Short – Entry 2

        Example: Long Trades

          Example: ShortTrades

            We hope that you gonna find this strategy valuable! If you have any questions or suggestions on how to make it even better please let us know!

            How to set alerts

            • Follow this guide to understand how to set alerts for the Top/Bottom Feature

             

            Top/Bottom Limit Value

            This value has two purposes:

            1) The Background color displays when the ATR Top/Bottom Line crosses over this value. The Background color disappears when the ATR Top/Bottom Line crosses under this value.

            2) You will also have alerts on these points:

             

            •  “ATR Top Start (CrossOver Limit)” triggers when the ATR Top Feature Line crosses over your set Limit value.
            • “ATR Top End (CrossUnder Limit)” triggers when the ATR Top Feature Line crosses under your set Limit value.
            • “ATR Bottom Start (CrossOver Limit)” triggers when the ATR Bottom Feature Line crosses over your set Limit value.
            • “ATR Bottom End (CrossUnder Limit)” triggers when the ATR Bottom Feature Line crosses under your set Limit value.

            Disclaimer

            Copyright by Zeiierman.

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