Onyx Scalper free download is a trading indicator from the well-known developer Karl Dittmann. The indicator is especially intended for scalping and, through his simplicity, is good for a trader with any level of coaching . The indicator doesn’t repaint and isn’t lagging. It suitable for any trading assets .
Characteristics of the Onyx Scalper
Currency pairs: Any pairs, indices and metals (recommended major currency pairs)
Trading Time: Around the clock (recommended European and USA trading sessions)
Recommended broker: Alpari, Forex4you, RoboForex
How it works?
How Onyx Scalper free download works?
You already likely recognize that most paid indicators are primarily based totally on a skeleton, that’s built on the premise of wellknown free indicators. And Onyx Scalper isn’t any exception. Its signals are very just like the HalfTrend indicator, which you heard of it. Below are a few screenshots to verify my statement. Currency pairs, trading time and time-frame are the same.
As you can see, the difference is not big, if you do not take into account that HalfTrend is repainted. In addition to the fact that Onyx Scalper 100% is not repainted, it still has many advantages and useful functions.
First of all, Onyx Scalper has the opportunity to choose one of three trading modes with varying degrees of risk and the number of trading signals (this can be seen in many products of Karl Dittmann):
Conservative Mode – Signals Frequency = Normal, Safety = Maximum, Trend Detection = Standard, Low Risk
Medium Mode – Signals Frequency = High, Safety = Optimal, Trend Detection = Sensitive, Moderate Risk
Aggressive Mode – Signals Frequency = Extreme, Safety = Low, Trend Detection = Highly Sensitive, High Risk
Onyx Scalper Indicator is able to find the best entry points. It is very convenient. Because we do not open a deal right away when the color of the indicator changes, but only at the moment the Blue or Red Diamond appears. Thus, the trader has some time to prepare for the opening of the transaction and make the optimal entry:
This indicator has an advanced warning system about the appearance of a trading signal with data on the direction of the signal (Buy or Sell), Stop Loss and Take Profit livels:
Pop-Up Alert with Sound on MT4 Platform
Instant Email Notification
Push Notification to Your Mobile Phone:
Unfortunately, there is no info how the indicator overcomes long-term flat. This is a weak point of many indicators. I suspect that Onyx Scalper does not behave in a flat market in the best way. Therefore, be sure to use additional filters and trade only in the London and New York sessions on the Major currency pairs. Follow Money Management and take into account the most important (red) economic news.
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