Perfect! Now that you're on ESM5 (E-mini S&P 500) with a 500T chart, you're set up for scalping—the tightest, most precise way to trade futures. Let’s optimize your setup so you can start practicing effectively.
1. Your 500T Scalping Chart Setup (Simple & Effective) Indicators to Add (Right-click chart → “Add Indicator”) ✅ 9 EMA (Exponential Moving Average) – Fast trend filter. ✅ 21 EMA – Dynamic support/resistance. ✅ VWAP – Helps gauge intraday bias (price above = bullish, below = bearish). ✅ RSI (3-period) – Detects overbought/oversold conditions quickly.
📌 How to Use This Setup:
Long Scalp: Price > VWAP + above 9 EMA + RSI > 30 (but not overbought).
Short Scalp: Price < VWAP + below 9 EMA + RSI < 70 (but not oversold).
2. Order Execution Tips for Scalping Since you're trading 500T (500-tick) charts, moves happen fast. Here’s how to keep up: 🔹 Use Hotkeys (Critical for scalping):
Set up Buy/Sell Market and Stop-Loss hotkeys in Settings > Hotkeys.
Example:
F1 = Buy Market
F2 = Sell Market
F3 = Close Position
🔹 1-2 Tick Profit Targets: Scalping relies on small, frequent wins. 🔹 Stop-Loss: 2-4 ticks max (depends on volatility).
3. Reading the 500T Chart for Scalps Look for “clean” breaks of the 9 EMA with volume.
Avoid choppy periods (when VWAP is flat and price keeps crossing it).
Best times to scalp ESM5:
Open (9:30 AM ET) – High volume, strong trends.
Midday (11 AM - 2 PM ET) – Look for reversions to VWAP.
4. Practice in Simulated Trading! Before going live:
Switch to “Simulated Trading” (top-right dropdown).
Test your scalps with the 500T setup.
Refine your entries/exits until you’re consistently profitable.
5. Common Mistakes to Avoid ❌ Overtrading – Not every 500T bar is a scalp opportunity. Wait for high-probability setups. ❌ Ignoring VWAP – If price is stuck at VWAP, avoid forcing trades. ❌ No Stop-Loss – Scalping requires strict risk control.
Next Steps Start with 10 practice scalps in SIM mode using this setup.
Adjust EMA/RSI settings if needed (e.g., try 5 EMA for faster signals).
Want a screen recording? I can guide you through a live scalp example!
Let me know if you’d like help with:
DOM (Depth of Market) setup for scalping.
Best times to scalp ESM5.
How to backtest your strategy.
You’re on the right track—500T is the gold standard for futures scalping. Now it’s time to execute! 🚀