Scalper Inside PRO – Simple Intraday Scalping

Scalper Inside PRO – Simple Intraday Scalping

20 August 2020, 18:18
Alexey Minkov
0
1 166

Scalper Inside PRO is an innovative product that uses the exclusive Next-Generation Trend Detection Algorithm (NG TDA) to determine the trend fast and accurately. Scalper Inside PRO is an indicator that will automatically determine the exact time of opening and closing positions and calculate detailed statistics to select the best trading instrument for your trade. Also, with Scalper Inside PRO indicator, you can connect custom indicators to check and calculate their statistics and profitability. The indicator is suitable for any trading instrument and timeframe.


Manual Updated: 2020-08-18

Product URL: https://www.mql5.com/en/market/product/53124

Current Version: v1.0

Currency Pairs: Any

Time Frame: Any



Appearance and Main Features of the Scalper Inside PRO







    Easy-to-Use Rules



    1) Choose a trading instrument with a greater percentage of profitability:


    2) Waiting for a new Signal:


    3) We open a position when the price touches the Entry Level (Delta Entry Mode):


    Delta Entry Mode: We open a position not immediately after the signal appears, but when the price touches the calculated Entry Level.

    4) Closing the whole open position (or part of a position) at our TP Levels:


    5) If the price has not reached profit levels, we close positions on the opposite signal (SL: Reversal Mode):







    Control Panel Description




    How to Minimize and Move the Control Panel



    Settings Description of the Scalper Inside PRO


    Entry Rules


    Select Strategy - Strategy choice for trading:
    • Strategy-1
    • Strategy-2
    • Custom Indicator ( in PRO version)

    Strategy 1-2 Sensivity - Adjusting the Sensitivity for Strategy 1-2 (values from -5 to +5)



    Custom Indicator Name Custom Indicator Name(in PRO version), if ' Select Strategy' = Custom Indicator

    Buy Buffer (default: Buffer 0) / Sell Buffer (default: Buffer 1) - Select the graphic buffer of the Custom Indicator that displays arrows for:
    • Buy (usually Buffer 0)
    • Sell (usually Buffer 1)

    Open Position Mode

    Next Candle Entry:open a position on the next candle after the signal appears.


    Delta Entry:we open a position when the price reaches the calculated entrance level. This mode helps to filter out some false signals.




    Exit Rules




    Select Close Position Settings:

    Auto Calculate SL: Stop Loss level is calculated automatically

    Reversal SL: Close positions on the opposite Signal

    Use Manual SL: Use Manual Stop Loss




    Manual Targets




    Use Manual TP1, TP2, TP3 - Use Manual TP1, TP2, TP3 (true/false)

    Manual TP1, Manual TP2, Manual TP3 - Manual TP1, Manual TP2, Manual TP3 values, if ' Use Manual TP1, TP2, TP3' = true

    Manual SL (if Exit = Use Manual SL) - Manual SL value, if 'Select Close Position Settings'= Use Manual SL




    Volatility Filter




    Volatility Filter Enable - If activated (' true'), the TP3 Profit Level is calculated within the specified time

    Volatility Filter Start/Finish Hour - Volatility Filter operating time (Start and Finish hours). If Start Hour = Finish Hour, the filter works anytime.





    Alerts Settings



    All Alerts Disabled - All alerts quickly disabled, if ' true'


    Arrows Email Alert, Arrows Sound Alert, Arrows Pop-up Alert, Arrows Send Notifications - Activate/Deactivate different types of signals, when the Arrow Signal appears




    Other Settings




    History Bars for Calculation - Number of bars for calculation



    Visual Settings



    Use Auto Color Theme - Use a preset Color Scheme

    Select Color Theme - Dark/Light Theme selection, if ' Auto Color Theme' = true




    Panel Size Scale (0.5 - 2.0) - Allows to Increase or Decrease the Control Panel to a convenient size



    All of the following graphical settings will allow you to turn signals on/off (vertical lines, arrows) and completely change the color scheme. To use custom color settings, please do not forget to disable automatic theme selection: ' Use Auto Color Theme' = false




    Connecting and Testing Custom Indicators (in PRO version)


    The Custom Indicator Testing Module is used to connect and test your own indicators instead of built-in Strategies 1 and 2. This module works with most of the Arrow Indicators, automatically detecting their working principle. You only need to specify the indicator name and graphical buffers, in which the indicator draws arrows. Scalper Inside PRO will do the next steps by itself. Let's see some examples.



    Run Scalper Inside PRO and set ' Select Strategy' = Custom Indicator:


    Set the indicator name (' Phoenix' in our example) in the ' Custom Indicator Name' field:


    Next step, we are select the graphic buffers of the Custom Indicator that displays arrows. Usually for Buy used Buffer-0, and for Sell used Buffer-1.


    Make sure that the Signal Arrowsof the Custom Indicator match the Signal Arrowsthat Scalper Inside PRO has built:


    Then we can use the Scalper Inside PRO indicator in the normal mode, but receiving signals from the custom indicator.

    If it turns out that the custom indicator uses another pair of buffers, different from Buffer-0 and Buffer-1, it is not a big problem - just change the buffers in the settings to another buffer's pair.

    For the correct operation of the Scalper Inside PRO indicator in the Custom Indicator Testing mode, it is unnecessary to install custom indicators on the chart! The Custom Indicator is connected with default settings.



    How to know buffers in the source code of a Custom Indicator?


    If you have the source code of your indicator, you can specify which buffers are used to display the Signal Arrows. It looks something like this:


    In our example above, we see that the Custom Indicator uses Buffer-0 and Buffer-1 buffers to display the arrows.


    Another Example:


    In this example, Buffers-3 and Buffers-4 are used to display the Signal Arrows.


    Set Buffer-3 and Buffer-4 values to Scalper Inside PRO and use Custom Indicator within Scalper Inside PRO system:



    Product URL: https://www.mql5.com/en/market/product/53124