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/2. Desks and layout

    Guide 2.4

    Set up Scalpel for one, two or three screens

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

    In short

    Scalpel is one window that opens maximized, with up to six desks across it. On a laptop run two or three desks, on one wide monitor four to six, and on several screens either stretch the window across two of them or keep Scalpel on one and TWS on another. Fit the desks to the screen with UI scale in Settings, Appearance (70% to 125%), or with Ctrl+-, Ctrl+= and Ctrl+0.

    A scalper's screen has one job: the book, the tape and the chart of the stock you are in, readable at a glance, with your hand on the keys. More desks only help if each one is still readable. This guide gives starting layouts for common screens and the controls to tune them.

    Before you start

    • Desks you can add, hide and resize (guide 2.2).

    How Scalpel uses the screen

    • One window. Scalpel opens maximized on the screen it starts on. Panels do not detach into separate windows. The smallest the window can be is 1120 x 720 pixels.
    • Up to six desks across the window, side by side. Each needs at least 240 pixels of width; about 400 or more reads comfortably, with the full book, the tape column and readable prices.
    • UI scale zooms everything, text and panels together, on top of your operating system's display scaling. At 90%, the same screen fits about 11% more.

    Starting layouts

    Laptop: 2 desks
    One wide monitor: 4 desks
    Screen 1
    Screen 2
    TWS or IB Gateway
    Screen 3
    Simplified: two desks on a laptop, four on one wide monitor, and Scalpel stretched over two screens with TWS on a third.

    Widths below are the space Scalpel works with after your display scaling: a 1920 x 1080 laptop set to 150% in Windows behaves like a 1280 x 720 screen.

    ScreenDesksWidth per deskNotes
    Laptop, 1280 wide after scaling2about 600Three fit at about 400 each; try UI scale 90% for three.
    1920 x 1080 monitor at 100%3 or 4about 460 at fourThe classic four-desk cockpit.
    2560 x 1440 monitor at 100%4 or 5about 490 at fiveRoom for a scan desk plus four trading desks.
    3440 x 1440 ultrawide6about 560All six desks, the + rail gone.
    Two 1920 screens, window stretched6about 630One desk sits across the bezel; see below.

    These are starting points. If prices or venue names are cut off, run one desk fewer or step UI scale down 5%.

    Fit the cockpit to your screen

    1. 01

      Set the number of desks

      Use the + rail to add desks and Hide to remove them until the count matches the table above (guide 2.2).

    2. 02

      Set UI scale

      Open Settings (Ctrl+,), then Appearance, and drag UI scale. It runs from 70% to 125% in 5% steps; 100% is the default. Click Apply.

      Settings
      ConnectionTradingStopsRiskSizingAppearanceAudioHotkeysIntelAbout
      Appearance
      ThemeDracula
      Stops / TP returnsReturn (R)
      How stop, take-profit and position returns read on the chart chips and the orders table: R-multiples or percent of entry.
      UI scale100%
      Zooms the whole cockpit. Ctrl+/- steps by 5%; Ctrl+0 resets to 100%.
      Zebra stripes
      Zebra stripes shade alternate rows in the screener tables for readability.
      CancelApply
      Settings, Appearance: UI scale and its note, outlined.

      Or use the keys from anywhere in the cockpit: Ctrl+- zooms out 5%, Ctrl+= zooms in 5%, and Ctrl+0 goes back to 100%. A toast confirms the new value, for example UI scale 90%, and it is saved. On a Mac, use Cmd instead of Ctrl.

    3. 03

      Balance the widths

      Double-click a grip between two desks to even them out, then widen the desk you trade from by dragging its grips. The stock you are in deserves the most room.

    4. 04

      Trim the panels if the desks are short

      On a short screen, open the CHART cog and switch off the MACD sub-pane and Delta sub-pane, or lower Rows per side in the LEVEL 2 cog (guide 2.3). Drag the panel gaps so the book and chart get the height.

    Two or three screens

    Because Scalpel is a single window, there are two ways to use more than one screen:

    1. Scalpel on one screen, everything else on the others. Keep Scalpel maximized on your main screen, the one straight in front of you. Put TWS, your news, a browser or notes on the side screens. This is the simplest and the most common.
    2. Stretch Scalpel over two screens. Restore the window (un-maximize it), then drag its left and right edges so it covers both screens, and run five or six desks. Drag the grips so a gap between desks lines up with the bezel, rather than a desk being cut in half by it.

    Either way, put the desk you trade from straight in front of you and the scan desk to one side.

    Where TWS or IB Gateway fits

    Scalpel needs TWS or IB Gateway running and logged in the whole time you trade: market data and orders go through it, and Scalpel's stops are watched by Scalpel itself, so they only work while Scalpel is running and connected (guide 5.1). You do not need to look at it, though.

    • IB Gateway is lighter and has no trading screens, so it can sit minimized (guide 1.4).
    • TWS is fine on a side screen or minimized. Keep an eye out for its own pop-ups (log-in prompts, the daily restart), which can stop data until you answer them.
    Tip

    On a laptop, set Windows display scaling to the value you can read comfortably first, then fine-tune Scalpel with UI scale. Two well-sized desks beat four you have to squint at.

    Questions

    Can I put each desk on a different monitor?
    Not as separate windows: Scalpel is one window. You can restore the window and stretch it across two screens, then spread the desks over both.
    How do I zoom the Scalpel interface?
    Ctrl and minus zooms out 5%, Ctrl and equals zooms in 5%, Ctrl and 0 resets to 100%, from 70% to 125%. On a Mac use Cmd. The same setting is UI scale in Settings, Appearance.
    How many desks should I run?
    As many as stay readable, usually two on a laptop, three or four on a 1920 wide monitor and up to six on an ultrawide. Each desk needs at least 240 pixels and reads best at 400 or more.
    Does Scalpel work on a 1366 x 768 laptop?
    The window's minimum is 1120 x 720, so it opens, but run two desks and try UI scale at 85% or 90% so the book and chart are readable.
    Do I need TWS on screen?
    No. TWS or IB Gateway must be running and logged in, but it can be minimized or on another screen. IB Gateway is the lighter choice if you do not use TWS itself.

    Related guides

    Guide 2.2Add, remove and resize desksRun up to six desks, resize them with the grips, even them out, colour them, copy one layout to all, and switch a desk between TRADER and SCAN.Guide 11.6Settings: AppearanceScalpel's Appearance tab: the five themes, stop and target returns in R or percent, UI scale from 70% to 125% with its shortcuts, and zebra stripes.Guide 1.4Connect Scalpel to Interactive BrokersRun TWS or IB Gateway, match the API port and watch Scalpel connect. Which program to use, the ports (7497, 7496, 4001) and what the link banner tells you.
    Previous: 2.3Panel settings: Level 2, tape and chartNext: 2.5 Desk badges: DELAYED, NO DATA, STALE and HALTED
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