Scalper Software - Real Time Scalper Dots and Close Forecasting

[metalhead 10]

I wasn't sure what forum to post this in so mods, move it if you want.

 

Alright, I know how TTM and PBF and every else's scalper dots work, because they paint 3 bars after the fact. I think everyone knows that.

 

 

 

Here's info about the Pivot Points that supposedly happen in "real time." I have no idea how this could work. Anyone have any ideas?

 

http://scalpersoftware.com/software.html

 

 

 

Here you can see their end projection (supposed the day will end at one of the two lines):

 

http://scalpersoftware.com/platforms/ts_fcp.html

[brownsfan019 17]

Looks like it's trying to project reaction points and some of the screenshots are not impressive and you have to assume these are the best of the best.

 

Buyer beware.

 

The grail is not out there for one easy payment of $320.

[MC 10]

Spend the $320 on something fun and learn to read price action for free. BF candlestick corner is a good place to read up. No paintbar or grail hunting will give you anything worthwhile IMO.

 

As BF pointed out they take the BEST screenshots to sell crap, it's very misleading when you see indicators being talked up.

 

Good luck

[trader273 10]

What are you guys talking about?? I can make millions of dollars trading this system for sure!! All that it cost me is $320. :helloooo:

 

C'mon people. Common sense should prevail here. Also, looking at the charts, all they show are range days. Good luck on trend days, of course they dont show those. There is no magic indicator, paintbar, showme, etc. If there is, its sure as hell not going to be for sale, and if it was not for $320.

 

Save yourself some time, money, and grief.

[metalhead 10]

they actually said it works better on choppy days and gives false signals on trendy days.

 

i might email them and ask for screenshots from days and time periods I specify.

 

That company PBF, they give screenshots for any day you ask for. I think thats cool. i havent used any of their indicators but i think it's cool they do that.

 

I have an indicator ive been messing around with code for that kind of shows highs and lows in real time (ie no repainting), but its only right 30-50% of the time. lol. i was actually trying to do something else but found it was kind of calling tops and bottoms. i was just messing around with it. it doesnt involve any sort of projections or anything. oh and it doesnt always go high, low, high, low, which is why you cant trade with it. sometimes its like high, low, low, low, high. lol.

 

i'll try to remember to post a screenshot when i get back home (im posting from my Blackjack now).

 

 

Anyway the reason i made this thread was cuz i was interested in how they coded it. like what formulas or logic they may have used.

[kannondo 10]

These guys are legit. I actually bought this software over a year ago. It more then paid for itself. I can testify that the software works great on range day and not so good on trend day. This suits me fine since I am not a trend trader. But ever since we have high VIX in the market, the software accuracy decreases. I now stop using it. I will use it once the VIX reading go back down.

 

Bud

[brownsfan019 17]

1 post and supports the software.

 

Big surprise.

[Disco Scottie 10]

I took the chance and spent the money on it. It works, if you use it in proper context with other indicators and multiple time frames. You can't expect to watch one chart and just trade the dots, you'll get killed. But if you have a good system, and you know how to recognize setups, they help quite a bit. And yes, they appear in real-time, not three bars later.

[fy2604981520887472 10]

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 10]

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!

[fy2604981520887472 10]

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 10]

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...

[fy2604981520887472 10]

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 10]

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?