🛡️Strategy "Scalp Ix"
Module Ix evaluates the behavior of applications without taking into account the volume in the glass.
Configuring the workspace
In the left panel of the terminal, click on "New tab".
In the window that opens, select the connection to the exchange, the trading instrument and in the section "DOM Modules" put a check mark next to "Ix", then click "Apply".
Next, you need to configure the module itself, for this, the display, time and histogram settings are located on the top of the module: we set the time range in seconds, which sets the size of the sliding window and the scale scale for building a histogram.
Using the example of BTCUSDT (the approximate significant volume at the same level is about 30-200 BTC at a price step of $ 1 on the Binance exchange - the value varies depending on volatility).
After setting up, the workspace should look like this:
Description of the trading strategy
Module Ix helps to identify:
Resistance with limit orders.
Pressure of ASK or BID orders.
This tool shows scalper inputs well, because it shows the local pressure of limit orders, which is provided by the behavior of orders in the DOM.
Entry points to the deal
What should happen:
Intensive growth of the scales on the ASK and BID side at the moment.
At the same time, the local growth of several BID scales (a block of horizontal levels - like a slab) is greater than the block of ASK scales.
This causes resistance on the BID side - despite the fact that the market was going Short - so a market reversal is possible.
INDIRECTLY!!!! This is the level in the market - because there is a struggle.
An example of a BTCUSDT situation:
P.S. since the market is changing quickly, it was not possible to fix the situation in a split second, but when moving in the short direction, the scales in the range 59298-59312 on the BID side sharply increased - towards the short movement and the market rebounded at the moment by $ 30. Further below, the picture was fixed (then we consider it the entry point). The price is 59340$.
Exit points from the deal
Option №1
Intensive growth of the scales on the opposite side of the movement (i.e. an oncoming signal).
Option №2
At the intersection of the strategic level (IMPORTANT: achievable!).
Option №3
At the intersection of the tactical (local) level.
Strategy results
After a few seconds (the price went up by $98):
That's what was on the chart a few minutes later (the green arrow indicates the moment fixed in the first picture). The green line is the level fixed at the moment of the first picture. The chart looks like this - a rebound on BTCUSDT +0.57%:
Conclusions
You can use this strategy both independently and as one of the filters within a variety of trading strategies used by traders.
IMPORTANT! Trading involves risks. The User is solely responsible for actions or omissions when using the described trading strategy. This strategy and its description are for informational purposes only. The information provided here is not an individual investment recommendation. News, articles, expert comments, research, forecasts and other information are presented without taking into account any specific investment profile, and the mentioned financial instruments or transactions may not correspond to the profitability expected by one or another user of the product, the investment horizon, as well as the acceptable risk of losses for one or another user of the product. Company 1EX is not responsible for possible losses in the event of transactions based on the described strategy or investing in financial instruments mentioned in this publication.
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