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
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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/14. Tips and tricks

    Guide 14.3

    Trade without touching the mouse

    Intermediate, 5 min read. Checked with Scalpel 1.12.8 on October 15, 2026.

    In short

    Every trading action in Scalpel has a key: Shift+1 to 4 to buy, Ctrl+Z, X, C, A and S to sell, B for breakeven, Shift+T to trail, Ctrl+Q to cancel and Esc to flatten everything. Move between desks with the arrow keys and Tab, and let the voice confirm each action. The only mouse moment is putting the cursor in a symbol box: once you pick a symbol, the cursor leaves the box and the keys trade straight away.

    A scalp is decided in a second or two, and the mouse is slow: you have to look at the button to hit it. Scalpel is keyboard-first so your eyes can stay on Level 2 and the tape. Each key acts on the focused desk (the one with the accent outline), and each one is confirmed out loud, so you rarely need to look away (guide 10.1).

    Before you start

    • Your buy presets set up (guide 4.1).
    • A few sessions in SIM, so the keys are in your fingers before money is (guide 6.1).

    The keys

    ActionDefault keyNotes
    Buy preset 1 to 4Shift+1 to Shift+4A marketable limit at the ask plus your offset
    Sell full (bid)Ctrl+ZThe whole position, at the bid less your sell offset
    Sell half (bid)Ctrl+X
    Sell quarter (bid)Ctrl+C
    Sell half (ask)Ctrl+AInto strength, at the ask
    Sell half (mid)Ctrl+SBetween the bid and the ask
    Stop to breakevenBWorks with the market closed
    Toggle trailing stopShift+TWorks with the market closed
    Cancel all ordersCtrl+Q (Shift+Q on a Mac)On the focused desk. Works with the market closed
    Cheatsheet? (Shift+/)Shows every key
    Flatten everythingEscEvery position on every desk. Works with the market closed. Fixed, not rebindable
    Next or previous deskRight or Tab, LeftOnly when you are not typing
    SettingsCtrl+,
    Zoom the cockpitCtrl+=, Ctrl+-, Ctrl+070% to 125%

    On a Mac, Ctrl is Cmd throughout, except Cancel all orders, which is Shift+Q because Cmd+Q quits a Mac app. Press ? any time to see the live keymap, with each buy key showing its preset's size.

    Hotkeys
    Shift+1Buy 100 shShift+2Buy 250 shShift+3Buy 500 shShift+4Buy 1000 shCtrl+ZSell full (bid)Ctrl+XSell half (bid)Ctrl+CSell quarter (bid)
    Ctrl+ASell half (ask)Ctrl+SSell half (mid)BStop to breakevenShift+TToggle trailing stopCtrl+QCancel all orders?Toggle cheatsheetEscFlatten / close overlay
    The cheatsheet (?) on the default Windows keys. Esc closes it.

    A full trade on the keyboard

    1. 01

      Load the symbol

      Click the symbol box in the desk's header (or the empty desk), type the ticker, use Up and Down to pick from the list and press Enter. The symbol loads and the cursor leaves the box, so your keys trade straight away. While you are still typing in a symbol box, letter and number keys type text and never place orders.

      A faster route skips typing entirely: click a scanner row, or a scanner toast, and the symbol loads on a free desk (guide 2.1).

    2. 02

      Move to the desk you want

      Press Right or Tab for the next desk and Left for the previous one. The accent outline shows which desk your keys act on.

    3. 03

      Enter

      Press Shift+2 (or whichever preset fits). You hear a blip as it is sent and "Filled, level two" when it fills. The stop and take-profit arm themselves.

    4. 04

      Manage the trade

      Up a little? B moves the stop to your entry ("Breakeven"); it never lowers a stop that trailing has already lifted above your entry. Running? Shift+T starts the trail ("Trailing"). Into a spike, Ctrl+A sells half at the ask; on a stall, Ctrl+X sells half at the bid (guide 4.5).

    5. 05

      Exit

      Ctrl+Z sells the rest ("Out, full"), cancelling any buy still working on that stock first. If a resting sell is still working, the new sell replaces it, so you never need to cancel before you sell. Ctrl+Q cancels anything left over ("Cancelled"). In an emergency, Esc flattens every desk at once ("Flattened").

    Careful

    Esc closes whatever is open first: the cheatsheet, Settings, a panel's settings, or the symbol suggestion list. With nothing open it flattens every position on every desk, even while your cursor sits in an empty symbol box. Press it once to close a list, and know what a second press does.

    Make the keys yours

    Open Settings > Hotkeys, click the action you want to change, and press the new key or chord. The row reads Press a key while it waits. Click Apply. Esc and Enter are fixed and cannot be rebound (guide 4.3).

    Settings
    ConnectionTradingStopsRiskSizingAppearanceAudioHotkeysIntelAbout
    Hotkeys - click a key to rebind (Esc/Enter are fixed)
    Buy preset 1Shift+1Buy preset 2Shift+2Buy preset 3Shift+3Buy preset 4Shift+4Sell full (bid)Press a keySell half (bid)Ctrl+XSell quarter (bid)Ctrl+C
    Sell half (ask)Ctrl+ASell half (mid)Ctrl+SStop to breakevenBToggle trailing stopShift+TCancel all ordersCtrl+QToggle cheatsheet?
    CancelApply
    Settings, Hotkeys: Sell full (bid) waiting for its new key.

    Good rebinds keep the hand still: buys on one side of the keyboard, sells on the other, and nothing dangerous next to something you press all day.

    Tip

    In Settings, Enter applies your changes exactly like Apply, so you can rebind, press Enter and go straight back to the desk.

    What can go wrong

    • A key did nothing. The cursor is in a text box you were typing in (click the desk), the market is closed (only B, Shift+T, Ctrl+Q and Esc work then), the stock is halted (buys are blocked until it resumes), or the wrong desk is focused.
    • The order went to the wrong desk. Keys act on the focused desk only. Watch the outline, and use the arrow keys rather than clicking around mid-trade.
    • A sell was refused. Scalpel is long only: with no position on that desk there is nothing to sell (guide 7.3).

    Questions

    Can I load a symbol without the mouse?
    Not entirely. Typing a ticker needs the cursor in a symbol box, which takes a click. Once you pick the symbol, the cursor leaves the box by itself, and everything else, from entries to exits and desk focus, is on the keyboard.
    Do hotkeys fire while I type a symbol?
    No. Trading keys never fire while a text box has the cursor, so typing a ticker can never place an order.
    Which desk does a hotkey trade?
    The focused desk, outlined in the accent colour. Move focus with Left, Right and Tab, or by clicking a desk.
    Can I change Esc so it does not flatten?
    No. Esc and Enter are fixed keys. Esc always closes an open window or list first and flattens only when nothing is open.
    Do the hotkeys work on a Mac?
    Yes, with Cmd in place of Ctrl: Cmd+Z sells the full position, Cmd+, opens Settings. Cancel all orders is Shift+Q, because Cmd+Q quits a Mac app.

    Related guides

    Guide 4.3Hotkeys: the defaults and how to change themEvery Scalpel hotkey and its default: buys, scale-outs, breakeven, trailing and cancel, each with a spoken confirmation. Esc's rules and how to rebind.Guide 2.1Load symbols onto desksType a ticker, pick it from the list and the desk streams Level 2, tape and chart. How desk focus works and why a desk locks while you hold a position.Guide 4.5Scale out and flattenSell half, a quarter or the whole position at the bid, ask or mid, and flatten everything with Esc or Flatten All. What each exit does in SIM and in LIVE.
    Previous: 14.2A pre-market routine with ScalpelNext: 14.4 Settings for a small account
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