Trading (scalping) with using only price, open interest, volume changes tracking

Hello! I'm not sure if it is proper category for this topic.
I've noticed that many strategies for algotrading use complicated indicators like candle patterns, MACD, RSI, and daily volumes all together. I have an algorithm that allows me to track price, open interest (OI), and volume changes over periods ranging from 1 to 25 minutes on several exchanges. The data is received in real time, so I can act quickly. The algo also lets me set take profit (TP) and stop loss (SL), and it supports flexible averaging grids. I can filter assets by market capitalization.

Currently, I’m testing a strategy that opens long positions after a 4% dump within 10 minutes without using the cap-filter, and the take profit is set to 1.5%. Over the past two weeks, it’s been showing promising results. I’d like to know: are there any traders here who also use real-time Open Interest and volume data for such scalping strategies?

Topic: Trading (scalping) with using only price, open interest, volume changes tracking (Read 18 times)