Super SMART Scalping Trading Strategy

What is Super SMART Scalping Trading Strategy Indicator?

In the world of trading, having a robust and reliable strategy can make all the difference. A powerful tool that many traders rely on to improve their trading decisions is TradingView, combined with Pine Script for custom indicators and strategies. One such highly effective trading strategy that boasts a 99% win rate is the Super SMART Scalping Trading Strategy, which is built using two key indicators: the UT Bot Alerts and the STC Indicator.

This article will walk you through how these indicators work together on TradingView, offering traders a refined scalping approach.

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Explanation of the Indicator

The Super SMART Scalping Trading Strategy uses a combination of two custom TradingView indicators: the UT Bot Alerts and the STC Indicator (A Better MACD). The key strength of this strategy is its ability to accurately detect high-probability buy and sell signals based on specific market conditions. By integrating these indicators and applying clear trading rules, traders can identify optimal entries and exits while managing risk effectively.

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Indicator Overview

1. UT Bot Alerts by QuantNomad
   • The UT Bot Alerts is a popular indicator that provides buy and sell signals using advanced algorithms, which can be customized to suit individual risk preferences. The signals provided by this indicator are based on Price Action and Volume, making it effective for identifying trend reversals or trend continuation opportunities.
   Indicator Input Settings for UT Bot Alerts:
   • Key Value: This adjusts the sensitivity of the indicator, with the default set to ‘2’. Lower values increase sensitivity, while higher values make the indicator less responsive.
   • ATR Period: The Average True Range (ATR) period is set to ‘6’, which determines the length of the price volatility calculation, giving the bot the ability to adjust the sensitivity to market conditions.
2. STC Indicator – A Better MACD by shayankm The STC Indicator is an enhanced version of the traditional MACD (Moving Average Convergence Divergence) and provides more accurate signals in faster-moving markets, making it ideal for scalping strategies. The STC Indicator helps traders spot bullish and bearish trends with greater precision. Indicator Input Settings for STC Indicator:
   • Length: Set to ’80’, which controls the number of periods for the calculation.
   • FastLength: Set to ’27’, influencing the shorter moving average used in the calculation.
   • SlowLength: Set to ’50’, which defines the longer moving average.
   Indicator Style Settings:
   • The STC Line is plotted along with two reference lines: a Blue Line (for bullish conditions) and a Yellow Line (for bearish conditions). The color of the STC line helps traders quickly identify the trend (green for buy, red for sell).

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How Super SMART Scalping Trading Strategy Works on TradingView

Now, let’s take a closer look at how these indicators work together to form the Super SMART Scalping Trading Strategy.

Buy Signal (Long Entry):

1. STC Line Below the Blue Line: This condition indicates that the market is potentially in an uptrend, suggesting a possible bullish reversal.
2. STC Line in Green: The color change to green confirms that the market is moving upward, signaling strength in the bullish direction.
3. UT Bot Alerts Buy Signal: When the UT Bot provides a buy signal, it further validates the bullish market conditions identified by the STC indicator.

When all these conditions are met, it indicates a high-probability entry for a long position.

Sell Signal (Short Entry):

1. STC Line Above the Yellow Line: This condition indicates that the market might be entering a bearish phase or trend reversal.
2. STC Line in Red: The red color confirms the bearish sentiment, suggesting the price could decline further.
3. UT Bot Alerts Sell Signal: A sell signal from the UT Bot further strengthens the case for a short entry.

When these conditions align, it signals a short position or sell trade.

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Stop Loss (SL) and Take Profit (TP)

A key aspect of any trading strategy is managing risk. This strategy incorporates Stop Loss (SL) and Take Profit (TP) levels to protect gains and limit losses.

• Stop Loss: The stop loss is placed based on the swing high or swing low of the chart. This dynamic approach allows for flexibility, adjusting according to market conditions.
• Take Profit: The take profit is set at a Risk-Reward (RR) Ratio of 1:1.5. This means that for every unit of risk, the trader aims to achieve 1.5 times the reward. This risk management strategy helps optimize the profitability of trades.

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How to Set Up the Indicator on TradingView

To implement this strategy on TradingView, follow these steps:

1. Add the UT Bot Alerts Indicator:
   • Search for “UT Bot Alerts” by QuantNomad in the TradingView Indicators tab.
   • Apply the indicator to your chart.
   • Adjust the settings to your desired sensitivity level (Key Value = 2) and ATR period (ATR Period = 6).
2. Add the STC Indicator – A Better MACD:
   • Search for “STC Indicator – A Better MACD [SHK]” by shayankm in the Indicators tab.
   • Apply the indicator and adjust the input settings to Length = 80, FastLength = 27, and SlowLength = 50.
3. Customize Indicator Style:
   • Set up the style so that the STC line is clearly visible in either green (for buy) or red (for sell).
   • Make sure the Blue and Yellow reference lines are visible on the chart.

Once the indicators are set up, the system will automatically generate buy and sell signals based on the conditions outlined above. By following these signals and adhering to the risk management rules, traders can effectively scalp the markets with a high win rate.

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Conclusion

The Super SMART Scalping Trading Strategy is a powerful tool for scalping traders who want to maximize their profits with high-probability entry and exit signals. By combining the UT Bot Alerts and the STC Indicator, this strategy offers a clear and systematic approach to identifying trends, entries, and exits. With its high win rate and risk management features, it provides traders with the tools needed to succeed in fast-moving markets.

If you’re using TradingView for your analysis and trading, this strategy is a must-try for anyone interested in scalping. By incorporating Pine Script to customize the indicators, traders can fine-tune their setups and achieve better results over time.

With its combination of buy and sell conditions, coupled with Stop Loss and Take Profit settings, this strategy is perfect for traders who want to trade smarter, not harder.

Pinescript of Super SMART Scalping Trading Strategy

For access to this indicator, reach out to us at +91 7620658346. We provide custom algorithm development for TradingView, MT4/MT5, and trading bots.
Follow @algo_aakash on Instagram, YouTube, and Twitter for updates.

Disclaimer

The information provided in this article and any related indicators is intended for educational purposes only. Trading in financial markets involves substantial risk, and there is no guarantee of profit. Super SMART Scalping Trading Strategy, which may not accurately predict future market behavior. Users should conduct their own research, evaluate their risk tolerance, and consult with a licensed financial advisor before making any trading decisions. The author and developer of this indicator are not responsible for any losses incurred from its use. Please trade responsibly.