Welcome dear traders and investors!
Today we present to you our free Range Scalper Bot for FTX
Range Scalper Trading Bot for FTX Futures Trading. It combines two strategies – an averaging strategy and a range trade. It makes Scalper Bot a very effective market tool.
How it works. The main goal of an averaging strategy is making purchases at the best prices (falling price) while averaging the average price of the position. In a scalping strategy when executing a buy order you can adjust the martingale coefficient for the volume, specify the number of levels of additional buy orders, the distance between additional buy orders, as well as the multiplier. All this in combination increases the efficiency of averaging – it improves the averaging strategy and makes it possible to resist even large drawdowns.
The second part of the strategy is that this range trading solves the biggest issue of averaging – staying long in the drawdown. Thanks to range trading at each additional purchase level the bot continues to generate profit while executing an averaging transaction. Another crucial property is that with each transaction in the rage trading the bot improves the average price of the position (in the range after the purchase, the bot sells the half of the position), which provides a faster exit from the full transaction when the specified take-profit indicator is triggered.