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The AlgoBot QuickScalp is a fast-acting, condition-based trading strategy designed for scalping market moves with precision and clear risk management. Built for TradingView’s strategy engine, QuickScalp combines multi-criteria signal generation, dynamic trade management,and advanced alerting with options for external and equity-based filters. It is ideal for traders seeking a structured and customizable scalping system that leverages candle structure, VWAP positioning, and volatility filters.
Key Features
Long/Short Signal Configuration
Traders can independently enable or disable long and short trade setups, allowing QuickScalp to adapt to both trending and range-bound market environments.
Candlestick-Based Entry Logic
Signals are generated based on a combination of strict candlestick criteria. These include rising highs or falling lows over a selected number of bars, consecutive bullish or bearish candles, breakout confirmation over recent swing highs or lows, and price behavior relative to current and previous VWAP lines. Additional rules check if the signal candle matches the expected direction (bullish for longs, bearish for shorts) and whether the close occurs in the upper or lower third of the candle body.
Take-Profit and Stop-Loss Configuration
AlgoBot QuickScalp offers a flexible take-profit and stop-loss system tailored to match a trader’s risk appetite and market conditions. Users can select between two modes for defining take-profit levels: a range-based method that relies on the size of the previous candle, or a volatility-based method using the Average True Range (ATR). Both approaches allow the application of multipliers, offering fine control over distance to TP and SL levels based on the chosen calculation method.
Breakeven Functionality (SL to BE)
An additional feature allows the stop-loss to be automatically moved to the breakeven point once the first profit target (TP1) is reached. This helps traders secure partial profits while minimizing downside risk, especially in fast-moving or volatile market environments.
Equity-Based Alert Filtering
QuickScalp includes an optional Equity Filter that acts as a gatekeeper between strategy signals and live alerts. This filter uses performance metrics, such as Net Profit (%) and Profit Factor, from the native TradingView Strategy Tester, and prevents alerts from being sent if those conditions are not met. It helps avoid executing trades during periods of poor system performance.
External Filter Integration
Advanced users can plug in external indicators as filters by referencing specific plots, such as RSI or custom conditions. These filters define whether long or short signals should be considered, offering an extra layer of signal confirmation and control.
Alerts with Automation-Ready Messages
The strategy includes built-in alerts for both buy and sell conditions, with customizable messages that use dynamic placeholders. These alerts support automation workflows and bot integrations (e.g., Cornix), including breakeven triggers and detailed trade data such as entry price, TP, SL, and direction.
Visual Trade Markers and Stats
QuickScalp plots key trade levels directly on the chart—including VWAPs, stop-loss, take-profit, and breakeven lines—for full transparency. It also displays win rate statistics (all-time and rolling 100 trades) to help traders assess performance in real time.
AlgoBot QuickScalp Key Features Summary:
- Real-time scalping strategy based on structured candlesticks and breakout logic
- Supports both long and short signal activation
- Take-profit targets based on candle range or ATR with adjustable multipliers
- Breakeven SL shift after TP1 for partial risk-free trade management
- Seven configurable entry filters, including VWAP positioning and price action
- Optional Equity Filter to suppress alerts in underperforming market conditions
- External filter compatibility for advanced signal confirmation.
- Alert system with placeholders for use in bot integration or automation
- Full trade visualization including TP, SL, BE levels, and VWAP lines
- Displays live win-rate statistics (all-time and rolling 100 trades)
