[fy260498]

Hi Disco Scottie...

Would you like to share what charts you are using and what other indicators supplement a trade decision. This will help others to understand how it can be used together with Scalper Software. Thanks for your time and guidance.

Best regards,
Yusuf SHAIKH

[Disco Scottie]

Originally Posted by fy260498 »

Hi Disco Scottie...

Would you like to share what charts you are using and what other indicators supplement a trade decision. This will help others to understand how it can be used together with Scalper Software. Thanks for your time and guidance.

Best regards,
Yusuf SHAIKH

I have the Scalper dots on my 5min, 4095T, 1597T and 987T, which as use as "early warning" indicators for a reversal in the current trend. My main indicator is the MACDBB, which I watch closely on 610T and 233T for the setups I want. When the higher time frames fire off the dots, I know it's time to keep an eye on the 233/610 combo, as a reversal is very close. Hope that helps!

[fy260498]

Hi Disco Scottie...

Thanks for your reply. I monitored the scalper signals on 4095T and found 2 potential signals - One for Long at 825 and one for Short at 894. The tick setting that you have given seems to be working fantastic. I just have a query though. How do you keep switching between these 3 tick settings - 987T, 1597T and 4095T to see reversal formation. Also do you keep these settings fixed or keep changing it based on volume traded or volatility. Would you be kind enough to share your strategy with 610T/233T MACD BB Combo??? It may help novice traders like me to develop my skills and get confidence with entry in a trade. Thanks for your time and expertise.

Best regards,
Yusuf SHAIKH

[Disco Scottie]

Hey Yusuf... glad it's helping a bit. I actually have those three different longer timeframes up as separate charts, all with the scalper dots on them (along with the 5 minute chart too). As is often the case, you might get a dot on one of the charts and not the others. If it's a strong trend, I'll usually get dots on multiple charts before I expect the reversal.

The 233 and 610 are my main "eyes" on the market. I watch the MACD on both, looking for divergence from what the price action is doing. Generally speaking, a clear divergence on the 610 will occur at close to the time your higher-timeframe scalper dots are firing. You should see a divergence on the 233 at this point as well, and then I would enter based on the BBs crossing the MACD.

Not sure if all of this will make sense without visuals. Maybe I'll do a "how to" post with pics at some point...

[fy260498]

Hi Disco Scottie...

Thanks for your time and replies buddy. I have saved your last post and its details as it will take me some time to understand what you are trying to look at. I appreciate your interest and expertise in expaining the details. I will wait for your next post that may have some visuals and indicator setting (Input parameter settings) that may help me to get to the strategy directly. I wish you good luck in your trading buddy and many thanks once again for your time.

Best regards,
Yusuf SHAIKH

[Monkey]

Originally Posted by Disco Scottie »

The 233 and 610 are my main "eyes" on the market. I watch the MACD on both, looking for divergence from what the price action is doing. Generally speaking, a clear divergence on the 610 will occur at close to the time your higher-timeframe scalper dots are firing. You should see a divergence on the 233 at this point as well, and then I would enter based on the BBs crossing the MACD.

Can you explain what you mean by BBs crossing the MACD?