Scalpel
FeaturesCockpitPricingGuidesBlogSign inDownload
All guides
1.Getting started
  • Install Scalpel on Windows
  • Install Scalpel on a Mac
  • Activate your Scalpel licence
  • Connect Scalpel to Interactive Brokers
  • Enable the API in TWS and IB Gateway
  • The IBKR market data you need for Level 2
  • Your first 15 minutes in SIM
  • A tour of the Scalpel cockpit
  • What Scalpel is for, and what it is not
2.Desks and layout
  • Load symbols onto desks
  • Add, remove and resize desks
  • Panel settings: Level 2, tape and chart
  • Set up Scalpel for one, two or three screens
  • Desk badges: DELAYED, NO DATA, STALE and HALTED
3.Reading the market
  • How to read Level 2 in Scalpel
  • Spot iceberg orders on Level 2
  • Read the time and sales tape
  • Hear the tape: tape sound
  • The chart: timeframes, VWAP, EMAs, MACD and delta
  • The read line and the chart read bar
  • Read the players on Level 2: venues, refills and size
4.Placing trades
  • Sizing presets: shares, dollars or risk
  • Trade a fixed dollar risk with Risk (Cents)
  • Hotkeys: the defaults and how to change them
  • Entries: marketable limits, offsets and partial fills
  • Scale out and flatten
  • The order bar and orders panel
5.Stops and targets
  • How Scalpel's stops work
  • Move your stop and target on the chart
  • Breakeven and trailing stops
  • R multiples: how Scalpel measures a trade
  • Stops in the pre-market: why they cannot sit on the book
6.SIM and LIVE
  • Paper trading with SIM
  • Switch to LIVE safely
  • Commissions: pick your IBKR plan
  • Analytics: review your trading
7.Risk controls
  • Set a daily loss limit (the kill-switch)
  • Fat-finger and max-position caps
  • Why Scalpel is long-only
8.Scanner
  • Set up the IBKR scanner
  • Scan types: momentum, running up and setups
  • Scan the pre-market
  • Shares out, short interest and the squeeze score
  • Arrange scan panels
9.Intel: borrow, dilution and catalysts
  • Turn on intel
  • Check a stock for dilution before you buy
  • Borrow, short fees and squeeze setups
  • Why is it moving? Catalyst grading
  • Every intel chip, explained
  • Warrant and offering lines on the chart
  • The dilution entry guard
10.Audio and alerts
  • Voice callouts and sounds
  • Alerts and toasts
11.Settings reference
  • Settings: Connection
  • Settings: Trading
  • Settings: Stops
  • Settings: Risk
  • Settings: Sizing
  • Settings: Appearance
  • Settings: Audio
  • Settings: Hotkeys
  • Settings: Intel
  • Settings: About
12.Licence, updates and account
  • Move your licence to a new computer
  • Updates: how Scalpel updates itself
  • Try new features early: the beta channel
  • Refunds, invoices and billing
  • Earn with the referral program
  • Get help on Discord
13.Troubleshooting
  • Scalpel says Disconnected: fix the IBKR connection
  • TWS is running but not accepting the connection
  • TWS signs out when IB Gateway starts
  • Delayed data, NO DATA or STALE, or Depth unavailable
  • A LIVE order was rejected
  • An order did not fill, or only part filled
  • Scan panels say the IBKR scanner is off or waiting
  • Licence: machine limit reached
  • Licence: Scalpel cannot reach scalpeltrade.com
  • Windows protected your PC: installing Scalpel
  • An update did not install, or Scalpel went back a version
  • The chart or app window is blank
  • The order bar is greyed out
  • No callouts or tape sound
  • Intel shows nothing or SEC filings are off
14.Tips and tricks
  • 40 Scalpel tips for faster, safer scalping
  • A pre-market routine with Scalpel
  • Trade without touching the mouse
  • Settings for a small account
  • Your first week: a SIM practice plan
  • The momentum method Scalpel is built around
15.Glossary
  • Day trading glossary
Scalpelscalpeltrade.comA keyboard-first scalping cockpit for Interactive Brokers.
ProductFeaturesCockpitPricingDownloadFAQ
ResourcesGuidesTroubleshootingGlossaryBlogCompareChangelogAccountRefer a trader
CommunityDiscordYouTube
CompanyAboutFor AI agentsContactTermsPrivacyRefundsRisk

Trading involves substantial risk of loss. Scalpel is software, not investment advice. LIVE mode places real orders in your Interactive Brokers account. No warranty. Simulated or replayed results do not guarantee future results. Scalpel is independent software and is not affiliated with, endorsed by or sponsored by Interactive Brokers LLC. IBKR and TWS are trademarks of their respective owners. Figures shown on this site are demo data, not live quotes. Scalpel is sold by QUITE RIGHT LIMITED, registered in England and Wales, company number 17053815. Copyright 2026.

    All guides
    1.Getting started
    • Install Scalpel on Windows
    • Install Scalpel on a Mac
    • Activate your Scalpel licence
    • Connect Scalpel to Interactive Brokers
    • Enable the API in TWS and IB Gateway
    • The IBKR market data you need for Level 2
    • Your first 15 minutes in SIM
    • A tour of the Scalpel cockpit
    • What Scalpel is for, and what it is not
    2.Desks and layout
    • Load symbols onto desks
    • Add, remove and resize desks
    • Panel settings: Level 2, tape and chart
    • Set up Scalpel for one, two or three screens
    • Desk badges: DELAYED, NO DATA, STALE and HALTED
    3.Reading the market
    • How to read Level 2 in Scalpel
    • Spot iceberg orders on Level 2
    • Read the time and sales tape
    • Hear the tape: tape sound
    • The chart: timeframes, VWAP, EMAs, MACD and delta
    • The read line and the chart read bar
    • Read the players on Level 2: venues, refills and size
    4.Placing trades
    • Sizing presets: shares, dollars or risk
    • Trade a fixed dollar risk with Risk (Cents)
    • Hotkeys: the defaults and how to change them
    • Entries: marketable limits, offsets and partial fills
    • Scale out and flatten
    • The order bar and orders panel
    5.Stops and targets
    • How Scalpel's stops work
    • Move your stop and target on the chart
    • Breakeven and trailing stops
    • R multiples: how Scalpel measures a trade
    • Stops in the pre-market: why they cannot sit on the book
    6.SIM and LIVE
    • Paper trading with SIM
    • Switch to LIVE safely
    • Commissions: pick your IBKR plan
    • Analytics: review your trading
    7.Risk controls
    • Set a daily loss limit (the kill-switch)
    • Fat-finger and max-position caps
    • Why Scalpel is long-only
    8.Scanner
    • Set up the IBKR scanner
    • Scan types: momentum, running up and setups
    • Scan the pre-market
    • Shares out, short interest and the squeeze score
    • Arrange scan panels
    9.Intel: borrow, dilution and catalysts
    • Turn on intel
    • Check a stock for dilution before you buy
    • Borrow, short fees and squeeze setups
    • Why is it moving? Catalyst grading
    • Every intel chip, explained
    • Warrant and offering lines on the chart
    • The dilution entry guard
    10.Audio and alerts
    • Voice callouts and sounds
    • Alerts and toasts
    11.Settings reference
    • Settings: Connection
    • Settings: Trading
    • Settings: Stops
    • Settings: Risk
    • Settings: Sizing
    • Settings: Appearance
    • Settings: Audio
    • Settings: Hotkeys
    • Settings: Intel
    • Settings: About
    12.Licence, updates and account
    • Move your licence to a new computer
    • Updates: how Scalpel updates itself
    • Try new features early: the beta channel
    • Refunds, invoices and billing
    • Earn with the referral program
    • Get help on Discord
    13.Troubleshooting
    • Scalpel says Disconnected: fix the IBKR connection
    • TWS is running but not accepting the connection
    • TWS signs out when IB Gateway starts
    • Delayed data, NO DATA or STALE, or Depth unavailable
    • A LIVE order was rejected
    • An order did not fill, or only part filled
    • Scan panels say the IBKR scanner is off or waiting
    • Licence: machine limit reached
    • Licence: Scalpel cannot reach scalpeltrade.com
    • Windows protected your PC: installing Scalpel
    • An update did not install, or Scalpel went back a version
    • The chart or app window is blank
    • The order bar is greyed out
    • No callouts or tape sound
    • Intel shows nothing or SEC filings are off
    14.Tips and tricks
    • 40 Scalpel tips for faster, safer scalping
    • A pre-market routine with Scalpel
    • Trade without touching the mouse
    • Settings for a small account
    • Your first week: a SIM practice plan
    • The momentum method Scalpel is built around
    15.Glossary
    • Day trading glossary
    Guides/2. Desks and layout

    Guide 2.2

    Add, remove and resize desks

    Beginner, 7 min read. Checked with Scalpel 1.12.8 on October 15, 2026.

    In short

    Scalpel runs up to six desks side by side: four show by default, and the + rail on the right adds the fifth and sixth. Drag the grip in the gap between two desks to resize them, double-click a grip to even them all out, and click Hide to close one. Inside a desk, drag a panel's title bar to reorder it and the gaps to resize it, then press Apply to all to copy that layout to every desk. Everything is saved.

    The right layout depends on your screen and how many stocks you watch at once. Most momentum scalpers trade one stock at a time but keep two or three more on screen: the next gapper, the one that halted, the sympathy play. This guide covers every control for shaping the desks; guide 2.4 suggests layouts for one, two or three screens.

    Before you start

    • A symbol loaded on at least one desk (guide 2.1).

    The desk header

    Each trading desk's header carries its controls. The focused desk shows two more than the rest:

    D1TRADERABCDRTHHide
    123456789
    The focused desk's header, left to right. Demo data.
    #ControlWhat it does
    1D1 to D6The desk number. Bright on the focused desk, dim on the others.
    2TRADER / SCANSwitches the desk between a trading desk and a scan desk.
    3Colour swatchOpens the colour picker.
    4Symbol boxType a ticker to load it (guide 2.1).
    5Session and statusPRE, RTH, AFTER or CLOSED, plus a badge when data is not live (guide 2.5).
    6XClears the desk: drops the stock and frees its data line.
    7Apply to all (sliders icon)Focused desk only: copies this desk's panel layout to every desk.
    8Even widths (columns icon)Focused desk only, with two or more desks open: gives every desk the same width.
    9HideCloses the desk. Shown while more than one desk is open.

    Add, hide and resize desks

    1. 01

      Add a desk with the + rail

      While fewer than six desks are open, a slim + column sits on the right edge of the cockpit 3. Click it to open the next closed desk. It opens empty, as a trading desk, focused, with the cursor in its Symbol box, and it takes an even share of the width (the average of the desks already open). At six desks the rail disappears.

      D1TRADERABCDRTHHide
      LEVEL 2
      CHART
      ORDERS & POSITIONS
      D2TRADEREFGHRTHHide
      LEVEL 2
      CHART
      ORDERS & POSITIONS
      D3TRADERJKLMRTHHide
      LEVEL 2
      CHART
      ORDERS & POSITIONS
      +
      123
      Three desks open: D1 dragged wider and focused 1, the grip lit under the cursor 2, and the + rail for the closed desks 3. Demo data.
    2. 02

      Drag a grip to resize

      Between each pair of desks is a short pill, the grip 2. It lights up blue when the cursor can grab it. Drag left or right: one desk widens, its neighbour narrows. A desk will not go narrower than 240 pixels, the width its header controls need. Widths are saved with your layout.

    3. 03

      Even them out

      Double-click any grip, or click the even widths button on the focused desk's header, and every open desk takes the same width again.

    4. 04

      Hide a desk you do not need

      Click Hide on its header. The desk closes, its stock is dropped and its slot goes back behind the + rail; the other desks share the space. You cannot hide the last open desk, or a desk that holds a position (a red toast says so: close the position first).

    Arrange the panels inside a desk

    A trading desk stacks three panels top to bottom: LEVEL 2 (with the time and sales tape as a column on its right), CHART (with the order bar under it) and ORDERS & POSITIONS. By default the book takes about 46% of the height, the chart about a third and the orders panel the rest.

    • Resize: drag the gap between two panels up or down.
    • Reorder: drag a panel by its title bar and drop it on another panel. The two swap places. A trader who reads the chart first might put CHART on top.
    D1TRADERABCDRTHHide
    LEVEL 2
    CHART
    ORDERS & POSITIONS
    CHART
    1
    Dragging the CHART panel by its title bar 1 onto LEVEL 2, outlined as the drop target, swaps them. Demo data.

    Each desk keeps its own panel layout, saved as you change it.

    Copy one layout to every desk

    Set up one desk the way you like it, make sure it is focused, then click Apply to all (the sliders icon) in its header. Every desk takes the same panel order and heights, and a toast says Layout applied to all desks. Symbols, colours and desk widths are not touched.

    Give each desk a colour

    Click the swatch next to TRADER to open the picker and choose one of eight colours: Blue, Teal, Green, Amber, Orange, Red, Pink or Purple. The defaults are blue, amber, green and purple for desks 1 to 4, then teal and pink for 5 and 6.

    D1TRADERABCDRTHHide
    12
    The swatch 1 opens the eight desk colours 2. Demo data.

    The colour is the desk's identity: it is the badge behind the symbol at the top of the Level 2 panel, and it is the colour of the little squares on every scanner row that load a stock onto that desk. Distinct colours make it hard to load a stock onto the wrong desk.

    Switch a desk between TRADER and SCAN

    Click TRADER in a desk's header and it becomes a SCAN desk: a stack of scanner panels instead of a book and chart. Its header changes to Click a desk color to load, Add panel, and the width buttons.

    D3SCANClick a desk color to loadAdd panelHide
    IBKR scanner
    A desk switched to SCAN. Click SCAN to turn it back into a trading desk. Demo data.

    Switching to SCAN frees the desk's market data line; its stock is remembered and reloads when you switch back to TRADER. A common layout is one scan desk on the left and three trading desks: scan panels are covered in guide 8.5.

    Note

    A desk that holds a position stays a trading desk. Scalpel's stops are watched from the desks' live prices, so a position must always be on a desk. Clicking TRADER on it is refused with a red toast: D1 holds a position: close it before switching it to SCAN. Close the position first, or load the same stock on another desk, then switch.

    The depth limit

    Interactive Brokers limits how many Level 2 books one account can stream at the same time. The number depends on your account and any quote booster packs. When a desk asks for one more book than you are allowed, a toast says Depth unavailable for the symbol, followed by IBKR's reason. The desk keeps working without the book: the quote, the tape and the chart still stream, so you can watch it, but you are trading it without depth.

    To get the book back, clear or hide a desk you are not using (its line is freed), or switch it to SCAN, then load the stock again. See guide 1.6 for how IBKR counts lines and guide 13.4 for the fix.

    Tip

    More desks are not better. Every extra book is another thing to glance at while a trade is on. Three trading desks is a good place to start: the stock you are in, the next one up, and one spare.

    Questions

    How many desks can Scalpel show?
    Up to six. Four are open by default; the + rail on the right opens the fifth and sixth.
    How do I make all desks the same width again?
    Double-click any grip between two desks, or click the even widths (columns) button on the focused desk's header.
    Can I put the chart above the Level 2?
    Yes. Drag the CHART panel by its title bar and drop it on LEVEL 2; they swap. Then press Apply to all to do the same on every desk.
    Why does a desk say Depth unavailable?
    Your IBKR account has hit its limit of Level 2 books streaming at once. Clear or hide a desk you are not using and load the stock again. The quote, tape and chart keep working meanwhile.
    Is my layout saved?
    Yes. Desk widths, which desks are open, each desk's panel layout, colour, mode and symbol are all saved and restored on the next start.

    Related guides

    Guide 2.3Panel settings: Level 2, tape and chartEvery option behind the Level 2 and chart cogs: rows, colouring, dollar values, the tape column, trade bubbles, gridlines and the warning switches.Guide 2.4Set up Scalpel for one, two or three screensLayouts that work on a laptop, one wide monitor or a multi-screen desk: how many desks to run, UI scale and zoom shortcuts, and where TWS fits.Guide 2.5Desk badges: DELAYED, NO DATA, STALE and HALTEDWhat the session dot and the DELAYED, NO DATA and STALE badges mean on a Scalpel desk, what the HALTED banner shows, and what to do about each one.
    Previous: 2.1Load symbols onto desksNext: 2.3 Panel settings: Level 2, tape and chart
    Practice in SIM, against the live book.A lifetime license, every update included, with a 7-day refund guarantee.Ask in DiscordGet Scalpel
    Sign in