3️⃣How To Use Scalper?

The Scalper Indicator features 3 different types of signals, keeping the essence and accuracy of Valhalla by showing you in real time the levels where they will trigger as soon as price reaches it (without needing to wait for candle close) so that you can continue preparing your trades ahead of time as you are used to with Valhalla:

Buy/Sell 1 | Circle Signals. This signals are triggered with the most frequency. They are intended for more experienced traders that prefer scalping with a bigger volume of signals trading almost every local top/bottom.

Buy/Sell 2 | Triangle Signals. Medium zone, this signals will fit most traders. They will trigger when the price reaches the zone but the momentum and volume isn't enough to reach the higher zone.

Buy/Sell 3 | Diamond Signals. In a range market, when price reaches the Diamond zone it means that a strong deviation from the average has occurred and there is a high probability that it will return to the average zone, or at least the underlying zone. This signals could also indicate a change in trend if broken.

At first glance it could look a bit intimidating, but as you get to experiment with it, you will be able to turn on/off the signals that you don't want to see and adjust the scalping algorithm with a variety of formulas and sensitivity.

How To Trade Scalper Signals?

To get the most out of the scalper mode, it is recommended that you only take signals following the trend from the current main Valhalla trade according to each strategy.

If you like a higher trade frequency, BUY/SELL 1 - Circle Signals will be a good fit.

Preferably, you will want to trade the BUY/SELL 2 - Triangle Signals for medium frequency.

And use the BUY/SELL 3 - Diamond Signals as indicator of potential reversals or change in trend.

Entry and Take Profit:

Let's take a look at one way of using the Scalper Mode in combination of the Main Valhalla Strategies:

During a LONG main Valhalla trade, we would preferably take entries only on the Buy Scalper Signals, Green Triangles on this example, and exit on the opposite Red Triangle.

Same applies to using the circle and diamond signals.

The same would apply viceversa during a SHORT trade, for example we take only entries from the Red Circles and exit on the Green ones.

When to avoid signals?

It is recommended to skip signals if the main indicator trade already reached the Take Profit Level 3.

For example:

Stop Loss and when to Re enter:

Let's say that the asset that we are looking at, has been ranging in the past on an average of 2%, like the following example for BUY/SELL 2 (Triangle Signals):

We can consider this same amount to use as Stop-Loss range, so we have a 1:1 Risk Reward ratio.

And let's say that our Stop-Loss was hit, as on the following example:

You would preferably resume your trades until AFTER an opposite signal of the same level has appeared (Red Triangle inside Yellow Circle in this example), meaning that a range could soon start being established.

So you would wait and enter until the next Buy Signal has appeared (Green Triangle inside Green Circle) and Take Profit normally on the next Red Triangle.

Here we have another example, where an opposite signal didn't appear after hitting our Stop-Loss or after a Diamond Signal appeared:

This means that after our failed trade, we wouldn't have entered on all of those other Green Triangle Signals, since an opposite Red Triangle is still yet to come.

This will help you avoid this kind of scenarios when price changes the trend and re assure that you resume your trading until the next possible range has started to form.

Scalper Settings

Turn on/off the different Scalper Signals.

Show scalper bands:

Formula: Changes the formula behind the scalper algorithm, resulting in different signals being triggered.

Window: The amount of candles to consider for the range to calculate the signals.

A lower value will use recent data.

A range between 100-500 is recommended.

You will need to experiment and backtest with this settings on each different asset and timeframe, as optimization will always be possible.

Liquidity Levels

Untapped Levels: Unlock Hidden Opportunities! We all know that the real action happens behind swing points and beyond the highs and lows of previous days, weeks, and months. These untapped levels are the treasure troves of liquidity, filled with resting orders, especially those sneaky stop-loss orders. Valhalla now tracks these untapped levels, preserving their liquidity for your trading advantage.

Liquidity Pools: Your Secret to Market Mastery! Once you identify a liquidity level, magic happens. These clusters of liquidity levels act like powerful magnets, drawing price action towards them. It's like a treasure hunt for traders!

The closer the liquidity pool, the smoother the ride, and the more straightforward the path. This is the phenomenon known as a liquidity grab or sweep – it's your ticket to trading success. With Valhalla, you'll be able to spot these liquidity pools and frame your directional bias with ease.

They will serve you as an additional confluence for your entries and exits.

Scalper Alerts

If enabled, will be triggered using the "Any Alert Function Call" Condition when creating an alert:

Additionally if you have the LIFETIME membership, you will also be able to automate the scalper signals by using conditional alerts for specific signals and direction: