Product : Scalping Detector
Creator : Karl Dittmann (also the creator of 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 Scalping Detector.
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,Scalping Detector,which i really impress and trust.
What is Scalping Detector?
At first,it’s a scalping indicator for MT4 (Not EA/Robot) that works on ALL pairs and M1, M5 timeframes. Besides,”Scalping Detector” comes with a step-by-step user guide with screenshots, special tips and trading rules. It will help you get the most out of this new indicator.
Every time there is a new trading opportunity,“Scalping Detector” will generate a new BUY orSELL Signal. Whenever a new signal is generated – “Scalping Detector” will inform you via pop-up sound alert, email alert or a push notification sent to your mobile.
“Scalping Detector” has also been equipped with a new Smart Exit feature that generates special exit signals which identify optimal opportunities to close your trades – before you even get a new opposite signal!
The new Smart Exit feature combined with our special unique BUY/SELL algorithms enable “Scalping Detector”
to give you reliable 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 Scalping Detector 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 Scalping Detector after reading user guide and a chat on Skype with the support team.
This is from a user guide of Scalping Detector,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. Scalping Detector 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 Scalping Detector
Now,i will show you how Scalping Detector 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.
Scalping Detector generates blue/organge signal when it see a signal of reversion or correction of forex pair.
b.Methods Scalping Detector Applies
When signal is blue like this,you can enter a buy.
In contrast,you can sell for orange signal 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
Exit trades when one of Smart Exits appear. There can be a total of up to 5 Smart Exit signals on a trade. Smart Exit signals appear in form of yellow stars. Conservative traders should exit at earlier stars (1-2) which aim for less profit but appear sooner. Traders with a higher risk appetite are welcome to exit at stars that appear later (3-5) and aim for higher profit.
Whenever an opposite signal appears,you should exit trade. As i mentioned before,sell when orang and buy when blue.
Besides,you also need to combine support/resistance level as you can trade safe by take profit or stop loss faster. It doesn’t maximize profit but at least,you can make money for a scalping. You should only trade in an active market,if you see flat market,avoid this.
This is where you input should look like in an MT4 account.
There are 4 trading styles Scalping Detector adopts and you can pick any style you one.
TradingStyle is the most important parameter. It’s set to “Conservative” by default, besides are 3 modes for 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 Conservative 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,Scalping Detector can recommend for you a good trading level.
e.What to Remember
- Trend is UP and the indicator shows Blue Line – yes,it’s a good point
- Trend is DOWN and the indicator shows Orange Line – it’s an OK level to trade.
- But if Trend is UP and the indicator shows Orange Line – Don’t trade,wait instead
- Trend is DOWN and the indicator shows Blue Line – No trade for this,you are at risk
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.
Smart Exit Lines Color changes color of the dashed vertical lines along the Smart Exit signals. BUY Color changes the color of the BUY signal lines and BUY Smart Exit Color changes the color of Smart Exit signals (stars) for BUY trades only.
SELL Color changes the color of the SELL signal lines while SELL Smart Exit Color changes the color of Smart Exit signals (stars) for SELL trades only.
When using Scalping Detector,each Blue/Orange colors have additonal level. Blue signal combines trendline and smart exit lines should go up together. And of course,Orange signal 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 Scalping Detector 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 Scalping Detector,it doesn’t mean the candles will go up everytime until reversion.
And that’s everything i know about Scalping Detector that i can provide you. In my opinion,Scalping Detector is legitimate and it can help you profit from forex. Besides,you are scalping as the name of the product,not long-term investments.
My Scalping Detector Review Video
In order to bring you a fully understanding about Scalping Detector,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.
Pros of Scalping Detector
- Accuracy Sell/Buy Signal
- 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 Scalping Detector
1.Not Always Correct
When trading with Scalping Detector,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,Scalping Detector 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.