AutoScalper - is a program which trades almost any future, stock, or Forex product available on the InteractiveBrokers Trading platform automatically (TWS, www.interactivebrokers.com). But it is as well a great tool for the aggressive-styled ...

AutoScalper 2010

by Euro, HQ.
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AutoScalper 2010 3 Stars
AutoScalper_10 is a program which trades almost any future, stock, or Forex product available on the InteractiveBrokers Trading platform automatically (TWS, www.interactivebrokers.com). But it is as well a great tool for the aggressive-styled trader who needs to be able to anticipate on the market movements immediately.
AutoScalper's features in conjunction with TWS:
- super-fast execution speed
- fully automated
- managed risk
- flexible settings

How AutoScalper works:
The classic type of scalping involves of placing a buyorder on the bidprice, and placing a sellorder on the askprice. When both orders are executed the trader gains the difference between the bidprice and the askprice, minus the trading costs. With AutoScalper you can automate this process and repeat this hundreds of times a day, depending on the liquidity of the market. You set the orderprices, the stoploss, measured in the product's minimum-price-increment, and when to trade, and AutoScalper does the trading.

Scalp Trading tactics with AutoScalper

Scalping the market (profitably) involves good preparation: you must identify the most profitable times and settings to provide to AutoScalper. In order to make money on the markets there must be movement in the prices, but not too much! Many scalptraders avoid the hectic opening- and closinghours of the markets, and prefer to trade when the small market movements are more predictable. These small movements may look like 1 tick up, 1 tick down, 2 ticks up, 2 ticks down, 1tick up, 1 tick down etcetera, you get the idea. A scalper tries to make profits on these movements as many times as possible, and must be ready to place hundreds, or even thousands, trades a day. This involves a lot of effort from the trader, he has to be focused all the time to bail out when his position runs against him too much, and must be ready to place new orders instantly. A scalporder (buy and sell) can be executed within 3 seconds or less, but it can also ...
Popularity Download Avg. User Rating Overall
4% - 2%
AutoScalper Info
Downloads: 56 / 6 (year / month)
Released: 01-05-2010 
Language: English 
Platform: Win2000, Win7 x32, Win7 x64, Win98, WinOther, WinServer, WinVista, WinVista x64, WinXP, Other 
Requirements:
Install: Install and Uninstall 
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