Onyx Scalper

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Onyx Scalper – effective trading algorithm by Karl Dittmann

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 .

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 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 pipsonyx-scalper-euraud-m5

HalfTrend (Amplitude = 20) EURAUD M5 Total Profit: + 306 pipsonyx-scalper-euraud-m5-analoge

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 pipsonyx-scalper-gbpusd-m5

HalfTrend (Amplitude = 20) EURAUD M5 Total Profit: + 202 pipsonyx-scalper-gbpusd-m5-analoge

Onyx Scalper AUDUSD M15 Total Profit: + 330 pipsonyx-scalper-audusd-m15

HalfTrend (Amplitude = 20) AUDUSD M15 Total Profit: + 294 pipsonyx-audusd-m15-analoge

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)