Archives: FAQs

What do day trading scanners do?

https://alaricsecurities.com/blog/ufaq/what-do-day-trading-scanners-do/
Day trading scanners continuously search for stocks making significant moves within the current trading session — spotting breakouts, reversals, volume spikes, and momentum shifts.

How do I get started with Hammer Pro?

https://alaricsecurities.com/blog/ufaq/how-do-i-get-started-with-hammer-pro/
Sign up for the platform, try the risk-free demo environment, check out our newsletters to get exclusive trading tips, market insights and product updates. You’ll learn in no time how to build scanners, set up ...

Is Hammer Pro suitable for both discretionary and systematic traders?

https://alaricsecurities.com/blog/ufaq/is-hammer-pro-suitable-for-both-discretionary-and-systematic-traders/
Yes. Whether you’re a discretionary trader looking for visual cues or a systematic trader building complex models, Hammer Pro adapts to your workflow and strategy.

Can Hammer Pro help me find liquid stocks and avoid illiquid ones?

https://alaricsecurities.com/blog/ufaq/can-hammer-pro-help-me-find-liquid-stocks-and-avoid-illiquid-ones/
For example, in Hammer Pro you can filter for stocks showing positive movement with a tight bid-ask spread to ensure good liquidity — so you only see symbols that are ready to trade.

Does Hammer Pro support pre-market and after-hours scanning?

https://alaricsecurities.com/blog/ufaq/does-hammer-pro-support-pre-market-and-after-hours-scanning/
Yes. In Hammer Pro you can configure your scanners and alerts to trigger during regular trading hours, pre-market, or after-hours — so you never miss early or late moves.

Can I use the same logic for both scanners and Paintbars?

https://alaricsecurities.com/blog/ufaq/can-i-use-the-same-logic-for-both-scanners-and-paintbars/
Absolutely. You can build your custom logic once and apply it both as a scanner (to filter symbols) and as a Paintbar (to visualise patterns on charts). Hammer Pro makes it seamless.

What are Paintbars, and how do they help?

https://alaricsecurities.com/blog/ufaq/what-are-paintbars-and-how-do-they-help/
Paintbars are custom indicators that visually highlight your strategies directly on the price chart. For example, you can colour candles, draw shapes, or add labels when specific patterns or signals occur — helping you spot ...

Can I get real-time alerts for my trade setups?

https://alaricsecurities.com/blog/ufaq/can-i-get-real-time-alerts-for-my-trade-setups/
Yes. Hammer Pro lets you set up custom alerts for any scanner or indicator. You can choose how and when you’re notified — via pop-up, sound, or taskbar flash — so you’re always ready to ...

Do I need to know how to code to use Hammer Pro scanners?

https://alaricsecurities.com/blog/ufaq/do-i-need-to-know-how-to-code-to-use-hammer-pro-scanners/
No programming is needed for most setups! The Simple Editor allows you to create powerful scanners just by selecting conditions from dropdown menus. For advanced users, the Advanced Editor provides custom C# scripting capabilities.

How does a custom scanner work in Hammer Pro?

https://alaricsecurities.com/blog/ufaq/how-does-a-custom-scanner-work-in-hammer-pro/
Custom scanners enable you to define your unique trading logic — such as price movement, volume, or technical indicator patterns — and Hammer Pro continuously scans your entire watchlist for these setups. When your conditions ...