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Scalping Trading Bot

120 USD

Demo downloaded: 19

Published: 21 November 2023

Current version: 1.0

Scalping Trading Bot

Experts
Carl Alexander Lundin
Version: 1.0
Activations: 10

I'll unveil a groundbreaking scalping trading bot tailor-made for small trading accounts.

I'll delve into the intricacies of its settings, guiding you on how to apply them to your charts with best practices. Every setting will be meticulously explained, accompanied by comprehensive backtest reports to provide a clear perspective on what this trading bot can achieve for you.

Trading System Overview:

Join me as we explore the trading system itself. Witness the simplicity of this bot, marking fractals on charts and executing lightning-fast trades. The strategy is based on breakouts using fractals, and I'll walk you through several examples to ensure a solid understanding.

Fractals Demystified: I'll revisit the concept of fractals, those local highs and lows crucial for this trading bot. Understand how they determine potential entry points for both long and short positions.

Settings Deep Dive: Learn about the inputs that shape this scalping trading bot, from timeframes to risk management. Uncover the rationale behind using Average True Range (ATR) for the stop-loss, and discover the flexibility to choose between fixed or percentage-based stop-loss and take-profit levels.

Stop-Loss and Take-Profit Strategies: Dive into the world of stop-loss and take-profit management, critical for the success of any scalping system. Whether you opt for aggressive scalping or a more trailing approach, I'll guide you through the nuances.

Optimal Trading Times: Discover the importance of trading during liquid market times. I recommend pairs like EUR/USD, USD/JPY or GBP/USD and highlight specific hours to ensure you're trading in optimal conditions.

Backtest Reports: I'll share a detailed backtest report on EUR/USD, conducted from 2022 to March 2023, illustrating the bot's performance. With 151 trades, a drawdown of 7.6%, and an impressive 87% winning ratio, this scalping system proves its effectiveness.

Three Key Concepts for Small Accounts: Lastly, I'll share three pivotal concepts for trading small accounts: the number of trades, risk per trade, and risk-to-reward ratio. Learn why consistency, automation, and realistic expectations are key to success.

Automate Your Trading: Automation is your ally. I'll emphasize the benefits of automating your trading strategy and provide insights on learning to code for optimal results

Look at the Youtube video for more in-depth overview regarding settings, pars and other stuff.

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