Creator : Karl Dittmann (also the creator of Trend Mystery,Scalping Detector,XScalper,FX Atom Pro and Fibo Quantum)
Price : $147
Do I Recommend : Yes,but as a trader,not as a marketer. I strongly advise you to understand it first before buying Alfa Scalper.
Presently,Fx seems to be one of the most profitable investment for short-term investors. In fact,to profit from Forex,you will mostly see chart and then complete an order. If you know how to sell/buy and take profit the correct way,you will certainly win.
But guy,nothing is easy as you think. Of all 100 traders,just 10 of them can really profit from it. There’s a lot of thing to analyze such as trendline,MACD,RSI,Money Flow,etc.
In order to become successful,you definitely need them to master it. Now,i’m going to show you a forex signal,Alfa Scalper,which i really impress and trust.
Table of Contents
What is Alfa Scalper?
At first,It’s a powerful MT4 scalping indicator (Not EA/Robot) that works on ALL pairs and M1, M5 timeframes.
“Alfa Scalper” has been equipped with a special Adaptive TakeProfit Technology that generates
up to 3 TakeProfit Levels depending on the market conditions. This is a powerful feature and This scalper comes with a step-by-step user guide with screenshots, tips and trading recommendations.
It will help you get the most out of this amazing trading tool in the shortest time.
“Alfa Scalper” will inform you about every new signal via pop-up sound alert, email alert
or a push notificationsent to your mobile. Signals NEVER repaint. If you get a new signal,it will stay there. The indicator WILL NOT change its mind and re-position the signal. No repaint, highly accurate BUY/SELL signals, special Adaptive TakeProfit Technology, 3 types of signal alerts and multiple trading styles… In order to to bring you reliable a and powerful signals that you can use to make easy and profitable trades. Please take note that it’s only work with technical analysis. Sometimes,news or fundamental analysis can still affect a pair’s price.
How Does Alfa Scalper Works?
Before you read my review,please note that i will review it as a trader,not a marketer. Personally,i spent time everyday to perform technical analysis so that i am very understanding about forex. Once again,i’m not trying to scam you,i will show you exactly how to do. I know Alfa Scalper after reading user guide and a chat on Skype with the support team.
This is from a user guide of Alfa Scalper,which shows you step by step how to install it. Once again,it’s a forex signal so you will need a forex account on your desktop first. You should only use some big and trusted brokers such as ThinkForex or Etoro. The broker Karl Dittman recommend is Forex.com
In order to setup,you will need a Clickbank receipt. Alfa Scalper is currently powered by Clickbank,you can get it here.
After that,you just need to download the file. There are 2 file you need to download,the exe file and the ddl file,all will be mentioned step by step.Currently,the exe file is for Windows so that if you use Mac like me,you will need Parallel or Bootcamp Window.
This is how you will see after setting up. Remember,you need to see this everytime you open your Mt4 account.
2.Usage of Alfa Scalper
Now,i will show you how Alfa Scalper generate Buy and Sell Signals.
a.Background of T.A
One of my rules before making a buy is to see the trend first. Personally,i just buy when the pair has an uptrend and just sell when the pair has a down trend. This type of trading will reduce risk but definitely not maximize profits.
However,not all are correct and in fact,if you can determine money flow,you may be at risk of buying at top or selling at bottom. Certainly,you will lose for that trading.
Alfa Scalper generates blue/yellow arrow when it see a signal of reversion or correction of forex pair.
b.Methods Alfa Scalper Applies
When Arrow is blue like this,you can enter a buy.
In contrast,you can sell for Yellow Arrow appears like this.
Of course,it’s not always correct because he also recommends you to stop loss if you lose 10%. If you have a quick look,it actuallys combine trend line,which is friend and signals to help you decide easier.
c.When to Trade
Trend is UP and the indicator generates a BUY Signal – it’s OK to open the trade.
Trend is DOWN and the indicator generates a SELL Signal – it’s OK to open thetrade.
But in contrast,Trend is UP and the indicator shows a SELL Signal – NO TRADE! Wait for the next BUY signal.
Trend is DOWN and the indicator shows a BUY Signal – NO TRADE! Wait for the next SELL signal.
Also, stay away from trading completely whenthe market is flat.
This is where you input should look like in an MT4 account.
There are 4 trading styles Alfa Scalper adopts and you can pick any style you one.
Trading Style is the most important parameter. It’s set to “Medium” by default and this is the optimal Trading Style for this indicator. There are 4 modes of Trading Style:
Conservative – Concentrates on safety rather than on speed of
Medium – Combination of conservative and aggressive
Aggressive – Concentrates on speed of signals rather than
Custom – Allows you to take full control of the signals and manually configure them to match your
Personally,i just choose Medium as a default because i feel it’s the best setup for the lowest risk. This is the popup alert this indicator currently has.
And if you setup to receive message through mobile,you will see this. As you can see,Alfa Scalper can recommend for you a good trading level.
e.What to Remember
Remember,trend is your friend so that if you ignore this,you are risking your money. If you don’t have a clear trend,please don’t trade,must be uptrend or downtrend.
Alfa Scalper has been enhanced with a smart informer system, which is designed to make your trading easier and more convenient
When using Alfa Scalper,each Blue/Yellow Arrows have additonal level. Blue Arrow combines trendline and smart exit lines should go up together. And of course,Yellow Arrow with trend line and smart exit lines should go down together also.
There is no stop loss rule here,he advises you to stop loss around 10% for a trade. Well,keep in mind that Alfa Scalper can not guarantee your success,it’s just algorithm. And 10% here means never higher than 1%-3% in your porfolio.
On the other hand,remember that there’s always have correction in forex trading. So,of course,when you use the buy signal of Alfa Scalper,it doesn’t mean the candles will go up everytime until reversion.
g.Alfa Scalper Demo in Live Action
Here’s the indicator in reality.
As you can see from the screenshot,trend is down and Alfa Scalper generates Yellow Arrow. Therefore,you should sell. And not just that,it generates for you Take Profit Level. When it reaches the level in reality.
For a clear uptrend like this and Alfa Scalper generates Blue Arrow.
But nothing is 100% perfect so to save you,it also generates Stop Loss Level.
When it corrects,you never need to worry.
And that’s everything i know about Alfa Scalper that i can provide you. In my opinion,Alfa Scalper is legitimate and it can help you profit from forex. Besides,you are scalping as the name of the product,not long-term investments.
In order to bring you a fully understanding about Alfa Scalper,i have recorded a full walkthrough demo video about it. So before you buy the software,make sure you watch this video first. Please turn on your voice before watching.
Work with various time frames (works the best with M1 and M5)
Integrate all MT4 Platform
Easy interface and easy to manage
Include Money Management Rules
Three Types of Alerts
Cons of Alfa Scalper
1.Not Always Correct
When trading with Alfa Scalper,keep in mind,you are scalping. Scalping is like you see the chart and then make an order based on trend,price. But guys,nothing is 100% correct,this signal can not determine correction. Besides,Karl Dittman recommends you to stop loss if you lose 3% or porfolio so that himself even knows it’s not always correct.
In summary,Alfa Scalper is a great product for all Fx trader or technical analysis traders. This product is definitely not a scam and absolutely no hype. I have personally tested the indicator and it’s truly correct. In fact,it generates signal based on good trading rules and trendline. Besides,it has money management plan so you can always keep your account safe.