Scalping
Strategy with Exit Will Alert is designed for low timeframes. We will
explain the setup, entry and exit rules, and provide examples.
Indicators
and Setup:
Exit
Willy Alerts Indicator:
◦ Search
for “Exit Willy Alerts” in the TradingView indicator
search box.
◦ Adjust
the settings as follows:
▪ Exit
Length: 11
▪ Keychain
Mod Divider: 2
▪ During
Phase: 4
▪ Jury
Power: 2
▪ Volatility
Look Back Length: 12
Easy
Entry/Exit Trend Indicator:
◦ Search
for “Easy Entry/Exit Trend” in the TradingView indicator
search box.
◦ Adjust
the settings as follows:
▪ Deviations:
2
▪ Fast
Length: 10
▪ Slow
Length: 21
▪ Signal
Length: 10Trading
Rules:
1.
Buy Signal:
◦ The
Exit Willy Alerts Indicator gives a buy signal.
◦ The
Easy Entry/Exit Trend Indicator shows a bullish trend.
◦ The
market forms a bullish candle.
◦ Place
a buy order.
◦ Set
the stop loss at the previous low of the market.
◦ Set
the risk to reward ratio to 1:1.5
Sell
Signal:◦ The
Exit Willy Alerts Indicator gives a sell signal.◦ The
Easy Entry/Exit Trend Indicator shows a bearish trend.◦ The
market forms a bearish candle.◦ Place
a sell order.◦ Set
the stop loss at the previous high of the market.◦ Set
the risk to reward ratio to 1:1.5.