It doesn't not work... its probably just not for me. Maybe I just never learned to use it well.
I had it on Tick charts, Range charts and Minute charts of various lengths and it does work if you have the patience to sit and wait for it. The problem I had was being able to focus on actual setups while looking for the indicator to fire. I like to use the chart trader in NT and I felt like if I were using the Scalper, I couldnt switch between my ATMs and get a scalp order in and then switch it back fast enough. I'm definitely not skilled enough to trade multiple markets, let alone watch them and try to find good setups with multiple different methods.
So basically I had to pick one method. That said, I felt more comfortable trading the CL and 6E contracts than the ES so I basically gave up on the indicator. Perhaps this thread will make me take another look at it and see if I can somehow use it more regularly
I can try to post a screen shot at the end of the day today... I think i have it on my 5min ES chart. One other problem/caveat with the indicator is you cant really go back and study previous days unless you never close your charts. The indicator doesn't keep the scalper dots constant -- sometimes they are different when you reopen a chart and sometimes they do not plot where they did during the live session you had open.
You probably have historical data in NT enabled it changes everytime you restart. I have this indicator its not the same as any others ive found around the place and to be honest its not bad. Price is a little high really. Maybe ZZ type indicator but I cant replicate it. It doesn\'t repaint and comes where it shows but when its wrong it will give more signals while its going the other way kind of like ZZ. When its right its beautiful when its wrong its badly wrong. Like everything else, you cant have the best of both worlds, cant rely on a \'thing\' have to rely on you.Things are just helpers. Maybe someone can replicate it with ZZ?
It's not too bad i've used it for 4 tick targets on the 3 range chart on ES. 3 ticks should be a good target. since usually the alerts happen on exaustion on a breakout. On strong rallly days, sometimes there are 3 alerts in a row indicating reversal.
good info about this scalper software.i m getting e mails and screen shorts .it looks nice but agree all this stuff is only about good days.They have a strategy available with scalper which is also about few ticks quick buy/sell and for scalping its not bad i thinck.they say it is only good for choppy days and not for strong trending days.I might be interesting to buy it if some body is selling.Any how never buy stuff who don't give u a trial period.i had a very bad experience about e mini junkie.
Platform: NinjaTrader (It's a love/hate relationship)
Favorite Futures: CL, TF, 6E
Posts: 176 since May 2010
Thanks: 60 given,
I own all the scalper indicators and strategies...
Don't waste your time. There's no shortcut for learning to read price action.
There is still a high level of subjective input necessary as you have to choose which range chart to use each day. The recommendation is to have 2,3,4,5,6,8 & 10 range charts open and after about 30-60 minutes, decide which is giving the best signals. Then use it. It is usually the 3,4 or 5.
Then you have to decide if the market is trending or ranging. If trending, you should avoid taking the counter-trend scalper signals. Persoanlly, I traded the signal failures. If ranging, then the signals should work with a reasonable rate of success... IF you've chosen the right timeframe to trade.
By the time you've done all this, you pretty much have done everything you need to be a price action scalper, so why rely on an indicator?
It absolutely killed me to take it off my charts, but i realized it was distracting me and I just didn't want to admit I wasted my money.
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