〽️DUMP Settings for Scalpers: A Simple Strategy for Quick Gains

Today, we are going to discuss a straightforward strategy using the DUMP Settings for Scalpers from Types of Settings. This strategy is designed for those who prefer quick trades and are looking for efficient ways to capitalize on market movements. Before diving in, it's essential to understand that this is just one of many strategies you can use. Effective risk management is crucial to achieving positive results, and all trading risks remain your responsibility.

Preparation

For this strategy, we will use a 1-minute timeframe since we are focusing on scalping. Trades can last from a few minutes to several hours, depending on market conditions.

Required Indicator

• Market Structure BOS/CHOCH/MSB/FVG/OB/BB by Nephew_Sam_

  • Parameters: Set Pivot lb and Pivot rb to 3

  • This is a free indicator that you can easily add to your TradingView chart.

Strategy Execution

1. Add to Favorites

   • As soon as the DUMP Scalp alert is triggered, add the coin to your favorites list on TradingView on the 1-minute timeframe.

2. Wait for the GREEN CHOCH

   • Monitor the chart for the GREEN CHOCH (Change of Character) to appear.

   • You can set an alert to avoid constantly watching the chart.

3. Execute the Trade

   • Once the GREEN CHOCH alert is triggered, buy the coin either on Spot or Perpetuals.

   • Target at least a 1% upward move.

   • The chart may provide much higher results, so consider moving your position to break even and target the next major resistance level for a higher risk-to-reward ratio.

4. Exit Strategy

   • You will need to determine your exit strategy based on your trading style and risk tolerance.

Example from July 27, 2024

On this date, there were several alerts during the day. By following the rules, users reported significant gains:

• ACE Scalp Alert that gave +5% on Spot Market

• RIF Scalp Alert that gave +7% on Spot Market

• OXT Scalp Alert that gave +2.88% on Spot Market

User Testimonials

Here are some screenshots from early users who followed the strategy and made notable gains:

Conclusion

The DUMP Settings for Scalpers strategy is a simple yet effective way to capitalize on market movements quickly. By using the Market Structure indicator and waiting for the GREEN CHOCH, you can enter trades with a higher probability of success. Remember to always use risk management techniques and tailor the exit strategy to your trading style.

Happy trading!