What is it about ?
Some of the most predictive patterns you can find are the “Double Tops” and “Double Bottoms”, commonely called “M” and “W” as the letter explicitely shows these patterns.
The BladeSCALPER is a concentrate of innovations to make scalping simple and easy.
- With the ScalpUP / ScalpDOWN Signal© – you get a clear signal of the next probable move
- With the PowerZONES© – get instantly the zone where the price will probably get attracted to
- With the RewardBOX© – adjust TP1/TP2/TP3 accordingly to the PowerZONES
- With the StatsPANEL© – check the winning rate of the M & W patterns on a time period
- With the MovingAverageFilter© – optimize the probability of success of the M & W patterns
Initialy, scalping is based on small moves, supposedly more predictable than big ones and repeating this operation many times; for that, scalping means usally daytrading and not everybody can be a daytrader as the management of one’s emotions is just critical;
But you can also use this indicator on a bigger time frame and trade when you want the M & Ws!
So basicaly BladeScalper is for anybody who wants to trade succesfully M&W patterns whatever Timeframe, whatever asset!
For which assets?
BladeSCALPER and its Screener are universal and work fine on all assets and all time-frames;
Why we made these innovations?
Because as traders, we needed to have all in one: a very sharp scalping and innovative tool to make match visualy TakeProfits and Supports and Resistances i.e the PowerZones;
How does it work and how to trade with BladeSCALPER ?
ScalpUP / ScalpDOWN Signals©
- The signals are given when the patterns of M and W are identified, in real time and do not repaint.
We innovated on the basic Supports and Resistances concept by adding new features with:
- zones that correspond better to real life trading than lines
- strength (how many times the Support/Resistance have been touched in the past)
- and distance between these zones
- the last two being customizable to match your favorite time frame
- and lastly for convenience the zones change color depending of their position vs price: they turn red is the price is below them and blue if they are above.
- We made these important marks of any trader in the indicator itself in order to adjust them visualy with the PowerZONES© and set the TakeProfits accordingly.
- Please note that quite often the Market will test the bottoms and the tops before validating such a figure;
- Be wise enough no to jump into the pattern but wait for the price to close over/under the Entry on your favorite time frame
- with a proprietory formula based on the M & W’s sequence identified, check very early if the pattern is invalidated by the market as the price crosses above / under the VWAP
- if a W pattern is validated, the price will stay above the VWAP in a ScalpUP move
- if a M pattern is validated, the price will stay under the VWAP in a ScalpDOWN move
StatsPANEL© (V2 Update)
With this innovative feature you can now see immediately
- the probability of win based on the past patterns
- the exacts number of trades that have reached the TP1/TP2/TP3
- and more importantly the gains made by these trades
We introduce also 2 important possibilities to improve the precision and relience of Blade-SCALPER
- the PatternFACTOR can be changed; it defines a key percentage of the M & W patterns
- the MoveringAverageFILTER can be activated to
- suppress M patterns when the price is below the selected MovingAverage
- suppress W patterns when the price is over the selected MovingAverage
Modifying these variables will change immediately the statistics just like the position of the TP1/TP2/TP3 and HistoryMax variables.
- Stats WITHOUT the filter
- Stats WITH the filter
Please check also our Trade-MANAGER in order to trade comfortably and automaticaly your manual orders;
Here are the default settings:
But you will need to adjust the settings in order to adapt your TakeProfits to the PowerZones of the moment like in this exemple:
Buy/Sell Signals: choose if you want to see only W or only M pattern signals
IMPORTANT: please note that if you uncheck both, you will have the PowerZONES indicator (so no need to buy it 😉
PowerZones: uncheck if you don’t want to see them (not recommanded)
RewardBoxText: uncheck if you don’t want to see the words “Entry, TP1, TP2, TP3”
TakeProfit1/TakeProfit2/TakeProfit3: by default correspond to the multiple of the risk zone in grey under/above “Entry” i.e it is the classic concept of Risk/Reward ratio
PowerZoneTouch: sets the number of time the zone has been touched
PowerZoneDensity: increase this number if you want the number of zones to increase and reversely
RewardBoxLength: adjust the standard number to the length of the anticipated move in duration
StopLossExtraPoints: for a W pattern (ScalpUP) will bring lower the lower border of the RewardBOX; in a M pattern (ScalpDOWN) will bring higher the higher border of the RewardBOX; it will automatically move the distance of the TP1/TP2/TP3
HistoryMax: the number of units taken into account to set the PowerZONES and the past M & W patterns
ShowVWAP: untick if you do not want to see this indicator of pattern invalidation (see above) (not recommanded)
PatternFactor: defines a key percentage of the M & W patterns
- untick (by default) : the filter is OFF
- ticked : the filter is ON
MovingAveragePeriod: choose the speed of the average
MovingAverageType: choose among all the types of averages available in PRT
Applied to / Appliqué à: define on which available moment of the Price the average is applied (close, open, highest…)
IMPORTANT: Be sure also to activate this option so that your scale stays in tune with the Price
Eddie Hill (verified owner) –
Great product – the vendor is also really helpful and responsive. Still testing it out on a few different timeframes and different pairs / commodities but your strike rate definitely improves! Very well done to the author.
gerard adolphe (verified owner) –
Excellent pour une prise de décision rapide
olivier bottequin (verified owner) –
Excellent, you can customize it and it is very efficient.
PenserArnaud (verified owner) –
Blade Scalper et son screener sont parfait, réglables à souhait et surtout les Power Zones sont incluses et très efficace sur toutes les UT.
Possesseur de TrendDecoder du même auteur j’affiche les Power Zones sur certaines UT et Blade scalper sur d’autres.
J’ai hâte de coupler ces indicateurs au futur TradeManager, pour paramétrer mes prises de positions, mes Stops et la gestion des sorties, trader va devenir un jeu d’enfant !
L’auteur est disponible si des questions se posent et il fait évoluer ses indicateurs (TrendDecoder déjà la V2).
Bravo Chris pour ces avancées !
fredrik.dahlander (verified owner) –
Great product, good signals and easy to tweak to your liking.
Norbert Schinkitz (verified owner) –
Ein sehr Gelungener Indikator, der den Handel sehr einfach gestaltet, viele Einstellungen sind möglich um das beste Setup zu finden. Perfekt für Leute die eine klare Richtung im Handel suchen. Ein Spitzen Produkt und ein hilfsbereiter Verkäufer, besser geht es nicht. Ich freue mich schon auf das nächste Highlight.
ALLOUCHE LEO (verified owner) –
super, marche très bien, très bon achat
SERGE DIMICOLI (verified owner) –
Très bon produit qui me permet de recouvrer mes frais d’achat
SERGE DIMICOLI (verified owner) –
Très bon produit
marcepdi (verified owner) –
This is another great indicator developed by the same team that created the TrendDecoder. I have to say the the BladeScalper is very accurate and easy to understand. I’m using both indicators together, plus a few others that are part of my strategy.
I was able to recover what I invested in this indicator during the first day.
jean paul verzeroli (verified owner) –
Axel LUX (verified owner) –
Assez facile à utiliser et très pertinent… Les powerzones sont également un “+”
Merci pour ce bel outil
jean tonsuso (verified owner) –
produit intéressant si l on choisi bien son timeframe. il faudrait pouvoir programmer des alertes.
mirkomoretti (verified owner) –
Very good indicator! I am still testing it but I have already recovered the expense. Very helpful author! Thank you
rbarrueco (verified owner) –
Very usefull indicator and screener; just makes it easy as I no time to code!
Cameron Godfrey (verified owner) –
the indicator is well done, with the takeprofit indicated it is reassuring to know when to exit the position. the signals are obvious when you think about it because the reversals are almost always correct on the double top and double bottom. Knowing how to manage your money is important, this product is really not bad if you want to improve your success rate in trading. Congratulations to the coder who is very responsive when asked questions.
CryptomanMP (verified owner) –
Well inspired indicator^^ at last connecting patterns with levels of price all in one;
it would be great if you could on a switch connect automaticaly the TPs with identified zones; possible ?? 😉
And please give the PowerZones in a single product for others indicators;