Scalpel
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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.
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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/13. Troubleshooting

    Guide 13.9

    Licence: Scalpel cannot reach scalpeltrade.com

    Beginner, 4 min read. Checked with Scalpel 1.12.8 on October 15, 2026.

    In short

    Scalpel checks your licence with scalpeltrade.com at every start and every 12 hours. If it cannot reach the site, it keeps running on its last good check for 72 hours, so an outage at the open never locks you out. It only stops at the licence screen when it has never checked on this computer, or the 72 hours have run out. Fix the connection to scalpeltrade.com, then click Try again.

    Each good check leaves a signed pass on your computer that is valid for 72 hours from that check. Without the internet, Scalpel verifies that pass offline. Your market data and orders never go through scalpeltrade.com: they go straight to TWS or IB Gateway, so a site outage does not touch your trading.

    Scalpel can't reach scalpeltrade.com to check your licence. Check your connection and try again.

    You see this on the licence screen when the check failed and there is no valid pass on this computer: usually the very first activation, or a check that failed after the pass was lost.

    Scalpel is not licensed on this computer
    Scalpel can't reach scalpeltrade.com to check your licence. Check your connection and try again.
    SCLP-XXXX-XXXX-XXXX-XXXXActivate
    Already bought one?Find my key
    No licence yet?One payment covers two computers and every update, with a 7-day refund. Buying takes a minute at scalpeltrade.com; your key arrives straight away.
    Buy a licence
    This computer: TRADING-PC. Each licence covers two computers; free one up on your account page.Try again
    12
    The licence screen when scalpeltrade.com could not be reached: the message 1 and Try again 2. Demo data.

    Scalpel can't reach scalpeltrade.com and its offline period has ended. Check your connection.

    This one means the last good check is more than 72 hours old. At launch it shows on the licence screen. If it happens while Scalpel is already running, you get a banner instead, ending "Scalpel keeps running until you quit". Scalpel never locks you out in the middle of a session: the cockpit, your orders and your app-managed stops keep working until you close it.

    Scalpel can't reach scalpeltrade.com and its offline period has ended. Check your connection. Scalpel keeps running until you quit.Manage licence
    The mid-session banner under the header. Manage licence opens your account page. Demo data.

    See how long you have offline

    Open Settings (Ctrl+,) and pick About. Under Licence, a normal check reads "Licensed (SCLP-****-****-****-W8RB)." An offline one adds how long is left:

    Settings
    ConnectionTradingStopsRiskSizingAppearanceAudioHotkeysIntelAbout
    Scalpel
    v1.12.6 (287393d)
    Licence
    Licensed (SCLP-****-****-****-W8RB), checked offline. Scalpel needs to reach scalpeltrade.com within 2 days.
    Manage licence and computers
    CancelApply
    Settings, About: the licence checked offline, with two days left to reach scalpeltrade.com. Demo data.

    Fix the connection

    1. 01

      Open scalpeltrade.com in a browser on the same computer

      If the page does not load, the computer has no internet or something blocks the site. Fix that first. If it loads, the block is specific to the app: carry on.

    2. 02

      Allow Scalpel through your firewall or security software

      Scalpel talks to scalpeltrade.com over HTTPS (port 443). A firewall rule, an antivirus "web shield" that inspects HTTPS, a work proxy or a VPN that blocks unknown apps can all stop the check. Allow the Scalpel program, or try once with the VPN off.

    3. 03

      Check the computer's date and time

      The 72-hour pass is checked against your computer's clock. A clock that is days out can make a good pass look expired. Set the time automatically in Windows (Settings > Time and language) or macOS (System Settings > General > Date and time).

    4. 04

      Click Try again

      On the licence screen, click Try again. A good check unlocks the cockpit and renews the pass for another 72 hours.

    Tip

    Going somewhere with no internet? Start Scalpel once while you are online. That check gives you 72 hours of offline use from that moment.

    What can go wrong

    • The site itself is down. Rare, and the 72-hour pass covers it. If you are at the licence screen anyway, check our Discord for a status note (guide 12.6).
    • A different message on the same screen. "This licence is already active on 2 machines" is the machine limit (guide 13.8). "That licence key was not found" means the key is wrong: copy it from your account page (guide 1.3).
    • "The licence server sent a token this build can't verify. Update Scalpel." Your copy is too old for the server. Download the current version from scalpeltrade.com/download.

    Questions

    How long can Scalpel run without internet?
    72 hours from its last successful licence check. Every start and every 12 hours online renews it.
    Will Scalpel lock me out in the middle of a trade?
    No. A licence problem found while Scalpel is running only shows a banner. It is enforced at the next start, and the licence screen still offers Flatten all if anything is open.
    Does my trading go through scalpeltrade.com?
    No. Market data and orders go between Scalpel and your own TWS or IB Gateway. scalpeltrade.com only checks the licence and offers updates.
    Which address does the licence check use?
    https://scalpeltrade.com over port 443. Allow it in your firewall, proxy or security software.

    Related guides

    Guide 1.3Activate your Scalpel licenceFind your licence key, paste it into Scalpel's licence screen and start trading. How the two-computer limit, 12-hour check and 72-hour offline grace work.Guide 13.8Licence: machine limit reachedScalpel says your licence is already active on two machines: free one on your scalpeltrade.com account page, then activate the computer you are on.Guide 12.6Get help on DiscordLink your Discord on scalpeltrade.com to get the Customer role and the support channels, then ask with your version and the exact message you saw.
    Previous: 13.8Licence: machine limit reachedNext: 13.10 Windows protected your PC: installing Scalpel
    Practice in SIM, against the live book.A lifetime license, every update included, with a 7-day refund guarantee.Ask in DiscordGet Scalpel
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