What is the trading logic of the Scalper Trading Bot
The purpose of this bot is to mimic traders who buy on small break out of uptrends. The bot can be used to accumulate a position over time by buying at higher highs. Or it can be used to make small profits on sideways and up trending coins.
How does the Scalper Bot Places the Orders.
Open a chart in the Muunship Trading Application
Add Box Trading Indicator
Select the 5 minute Frame
This will create two lines. A support line and resistance line. Change colors and thickness accordingly.
If you are using Scalper Bot as a Long Bot, it will buy at the break-out of the previous resistance.
If you are using Scalper Bot as a Short Bot on Binance Futures, it will sell at the break-down of the previous support.
Adjust your Take Profits accordingly based on the coins movements. Below are examples off the Dynamic Grid Bots as a long bot.