Live Q&A Trading for Scalp Traders

Live Q&A Trading for Scalp Traders.

So when I look at entering long or entering short, I want to make sure that the conditions are not overly volatile, which means that on the e-mini S & P is a little different for other markets, but on the e-mini S&P it's typically five points, which is 20 ticks. And it's the same across other markets who oil, NASDAQ and so on. Uh, there's an extreme here. The same thing is if the market's too slow, typically I like to say about a 0.3 ticks to a point on a one minute chart. This would be an extreme to the low side. So if the market drops and becomes so slow, there's a lot of whipsaw, a lot of chop, it's typically not a good idea to be trading under those conditions. Uh, Alan here, let me just forward that question. Alan has the trade scalper and he has a couple of questions here.

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I have two questions from Allan. How accurate is it in comparison to using the simulator? If one is doing well in a leader, might they expect similar results with a live account? I would say if you're doing well, practicing in demo on a simulator Allen, you could expect similar results. There is a difference though, with your using limit orders, limit orders, put you in a queue and limit orders, say, first, come first serve. When you enter into the, into the market, you have to be filled or you don't get filled if your numbers not up. Right? So the only difference, the only real difference, because the data is the same, same type of data and the same type of entries, except for the limit order fills. Because when you get filled on a limit order live, it's a little different, actually, sometimes it's better on a live account as opposed to the simulator.

So if you're doing well on the simulator, using the, the trade scalper, you can expect similar results except for when using limit orders, because you have to wait for your turn to get filled. If you're using instead at MIT or market of touched orders, I think the MIT orders will be exactly the same as soon as it touches your field. It's at market. Everybody gets filled. And so there's really no difference between MIT orders in a live account and a simulator account, uh, using, utilizing a range of five pre-market and 10 market hours. I have found these as good. Uh, okay. So there's a lot of different ways, Alan, that traders are using the trade scalper and the Atlas line and all the software. And I encourage you to experiment because up until recently, the market with a one minute chart did very well using the Trade Scalper.

And then I had got a lot of feedback from traders saying that they use a range of two. I started testing it and under normal conditions, the range of two works great. If the market's too volatile, it's not going to work with a range of two, because it's just too fast. You can't do anything with that type of volatility. So let me first start off with the, what you're asking here. You want to see a range chart of five. Okay. So this is a range chart of five, which means that every candle has five ticks. That's really what it comes down to. If you're unaware of what a range chart is telling you, it's basically distance. Every time the market moves five ticks, regardless of the market five ticks up or down, that's what it's indicating. So every candle is exactly the same. We can't use the ATR cause it never changes.

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