Scientific Scalper indicator
The Scientific Scalper indicator is extremely flexible. It works with and complements your existing trading strategy.
That said, I’d like to give you my personal strategy for scalping with this amazing indicator. This would serve as a useful starting point. So, take this strategy, add your own ideas, test it and make it your own.
This is the only real way to become a profitable trader in the long run.
We set our stop loss at 1.5 x Average True Range (ATR) from our entry price. And our profit target would be two times our stop loss.
For example, if the ATR value for the 15-minute time frame is 10 pips, then we set our stop loss 15 pips away from our entry price. And our profit target would be 2 x 15 = 30 pips.
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