Not Repaint Scalper Indicator – Free Edition

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Hi Forex Wiki Friends,

Not Repaint Scalper Indicator Description : 

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

Broker Requirement :

BROKER NAMEREGISTERYear Founded Headquartered LeverageMinimum Deposit Regulating
Not Repaint Scalper Indicator - Free Edition 2Register2007
🇦🇺 Australia
🇨🇾 Cyprus
🇧🇸 The Bahamas
🇸🇿 Seychelles
1:1000$200ASIC, SCB, FSA
Not Repaint Scalper Indicator - Free Edition 3Register2008
🇨🇾 Cyprus
1:Unlimited$10CySEC, FCA, FSCA, FSA, BVI
Not Repaint Scalper Indicator - Free Edition 4Register2009
🇧🇿 Belize
1:2000$10FSC
Not Repaint Scalper Indicator - Free Edition 5Register2009
🇧🇿 Belize
1:3000$1IFCS
Not Repaint Scalper Indicator - Free Edition 6Register2009
🇨🇾 Cyprus
🇦🇺 Australia
🇧🇿 Belize
🇦🇪 Emirates
1:1000$5 ASIC, CySEC , IFSC
Not Repaint Scalper Indicator - Free Edition 7Register2010
🇦🇺 Australia
1:500$200FCA , ASIC, DFSA
Not Repaint Scalper Indicator - Free Edition 8Register2011
🇬🇧 England
1:500$25CySEC
Not Repaint Scalper Indicator - Free Edition 9Register2006
🇪🇭 Ireland
1:400 $100CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

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 HalfTrend 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

Not Repaint Scalper Indicator - Free Edition 10

HalfTrend (Amplitude = 20) EURAUD M5 Total Profit: + 306 pips

Not Repaint Scalper Indicator - Free Edition 11

In the settings of the HalfTrend indicator, the value of the parameter Amplituda = 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

Not Repaint Scalper Indicator - Free Edition 12

Onyx Scalper AUDUSD M15 Total Profit: + 330 pips

Not Repaint Scalper Indicator - Free Edition 13

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:

Not Repaint Scalper Indicator - Free Edition 14

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:

In this video you can see a small excerpt of the live action of the indicator signals:

Not Repaint Scalper Indicator Settings:

Not Repaint Scalper Indicator - Free Edition 15

Unfortunately, there is no information 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 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.

 

Download Not Repaint Scalper Indicator:

 

[+ForexWikiTrading.com]Onyx Scalper analog

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Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.