We’ve been seeing many people ordering the Trade Scalper lately, so we though it would be a good idea to share with you a couple of recent trades from today, Aug. 17, 2018.
Purchase the Trade Scalper
The market being traded is the German DAX (FDAX in NinjaTrader). In case you’re unfamiliar with the DAX, it’s kind of like the German equivalent of the E-mini S&P. Wikipedia defines the DAX as “…consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.” The European session is being traded, which opens at 3:00 a.m. US/Eastern time. Don’t worry – the Trade Scalper produces many opportunities throughout the day in many markets.
The first thing you’ll probably notice is all the Long and Short signals. You’re looking at the Trade Scalper indicator for NinjaTrader. This is not the same version that you will get. In fact, the version you will get is better because it draws a number of lines that guide your trading. We can’t show the customer version because it would be giving away too much. The Trade Scalper signal software looks for trades automatically and places signals. The signals let you know the direction price is expected to head. For those of you new to trading, Long means price is expected to rise. Likewise, Short means price is expected to fall. With trading, it’s possible to make and lose money trading in both directions.
The boxes that you see are simply measurements of distances between high and low price points so that you can get a better idea of potential profit or loss.
Check out that first losing trade! Yes, not every trade is going to be a winner. The goal is more winning than losing trades, or at minimum, the overall gains must outweight the losses. The Trade Scalper uses a maximum stop loss of six ticks to control loss on each trade.
The second signal looks like it would have been worth +3 ticks. With scalping, the concept is getting in and getting out quickly while stacking profits. With the Trade Scalper software, you can use an audio alert. This is helpful if you’re using your computer to work on other things (multitasking) and need to jump into NinjaTrader to place a scalping trade. Following signals makes it pretty easy. Of course, you will learn the method behind the signals. If you wanted to manually trade on a different platform using your understanding of the strategy, you have that option, too.