The scalper midpoint algorithm is an algorithm that ‘scalps’ the market by buying in on lows and selling on highs. You can completely configure and optimize the algorithm using settings and triggers.
This algorithm only sells and buys when the market price is x% above or below the configured ‘midpoint’. The midpoint can automatically be adjusted based on market movements using triggers.
This algorithm works best in:
Markets that move around a fixed price point over a period of time.
Automatically buy or sell cryptocurrency using profit only strategy. Buys when X% below midpoint and sells when X% above midpoint. Will setup a counter order for every completed order, relative to the trader’s midpoint. Optimize the trader by automatically resetting the trader’s midpoint and creating new orders using triggers.
Here are a few examples of this algorithm, generated with our backtesting tool. Please note that we had configured triggers, so results on your own backtesting could differ, depending on your configuration and triggers.