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Scalper Software ( review

  #6 (permalink)

Trading Experience: Intermediate
Platform: IRT
CDesai13's Avatar
Posts: 46 since Jun 2009
Thanks: 29 given, 18 received

I purchased it as one of my first indicators a while back... it does work on very short scalps and you need to be quick. I use it randomly for multiple contract trades on the ES to get 2-3 ticks at a time. I would keep in mind that it doesn't do you much good on trending days and if you set your profit targets too high, you will struggle to hit them on choppy days. I was never really able to use it for more than the 2-3 ticks i mentioned above...

Also, I had a hard time using it in concert w/ other indicators and setups. You basically wait for a dot to appear and if its above the bar you short and vice-versa. Its not a bad tool for getting out of intra-day holes from a couple of bad trades. It might just be how I trade but it was difficult for me to look for my setups and then switch modes quickly when a dot appeared and try to get my order in for a scalp.

I don't think it works well/at all on CL (I've only tried on CL and ES).

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