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30 Min Scalp System
A scalping script for the 30 min chart that is designed and tuned to be used with trading bots such as ProfitView or Autoview. I personally trade with this on Bitmex.
This trading system is built upon 4 established trading indicators that compliment each other. All signals are filtered in a number of ways to avoid chop and only trigger when a strong trend or crossover is identified.
Alerts are included for longs, shorts and exits in both directions.
Recommended setup:
- Trade with leverage and take 75%-80% out at 0.5% profit, leaving the rest to run
- Initial stop-loss of 1%, initiating a trailing stop of 0.75% when TP is hit
- Ensure bots are set to ignore open orders in the same direction
I use this in conjunction with ProfitView where I run three custom scripts to manage my position entries, monitor profit levels, dynamically move my stop and then exit positions where appropriate.
Note: Exit signals are show here even when trades aren't open because it's only possible to hide these when using a strategy script. This is coded as an indicator so that alerts can be sent to your chosen bot.
Disclaimer: The signals aren't perfect but no script is. The above cannot be considered financial advice and I take no responsibility from any losses incurred. A test account is recommended to verify the win rate before trading on a live platform.
This trading system is built upon 4 established trading indicators that compliment each other. All signals are filtered in a number of ways to avoid chop and only trigger when a strong trend or crossover is identified.
Alerts are included for longs, shorts and exits in both directions.
Recommended setup:
- Trade with leverage and take 75%-80% out at 0.5% profit, leaving the rest to run
- Initial stop-loss of 1%, initiating a trailing stop of 0.75% when TP is hit
- Ensure bots are set to ignore open orders in the same direction
I use this in conjunction with ProfitView where I run three custom scripts to manage my position entries, monitor profit levels, dynamically move my stop and then exit positions where appropriate.
Note: Exit signals are show here even when trades aren't open because it's only possible to hide these when using a strategy script. This is coded as an indicator so that alerts can be sent to your chosen bot.
Disclaimer: The signals aren't perfect but no script is. The above cannot be considered financial advice and I take no responsibility from any losses incurred. A test account is recommended to verify the win rate before trading on a live platform.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.