Not Repaint Scalper Indicator -Onyx Scalper analog
Onyx Scalper is another trading indicator from the famous developer Karl Dittmann. The indicator is mainly intended for scalping and, by its simplicity, is suitable for a trader with any level of training. The indicator does not repaint and is not late. It works on any trading assets .
Characteristics of the Onyx Scalper
- Platform: Metatrader4
- Currency pairs: Any pairs, indices and metals (recommended major currency pairs)
- Trading Time: Around the clock (recommended European and USA trading sessions)
- Timeframe: M1-M30
How it works?
You already probably know that most paid indicators are based on a skeleton, which is built on the basis of standard free indicators. And Onyx Scalper is no exception. Its signals are very similar to the Half Trend indicator, which has long been known to us. Below are some screenshots to confirm my statement. Currency pairs, trading time and timeframe are the same. Try to find the differences:
Onyx Scalper EURAUD M5 Total Profit: + 251 pips
In the settings of the Half Trend indicator, the value of the parameter Amplitude = 20 was changed. Other settings were left unchanged. As this parameter increases, the number of signals decreases, but they are more accurate and smoothed.
Onyx Scalper GBPUSD M5 Total Profit: + 228 pips
As you can see, the difference is not big, if you do not take into account that Half Trend is painted. In addition to the fact that Onyx Scalper 100% is not repaired, 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
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 levels:
- Pop-Up Alert with Sound on MT4 Platform
- Instant Email Notification
- Push Notification to Your Mobile Phone:
Not Repaint Scalper Indicator -Onyx Scalper analog download link