In this post I will be reviewing the X Scalper manual forex scalping system by Karl Dittmann which has been developed for use in the MetaTrader 4 trading platform which is widely provided worldwide by most forex brokers. The MT4 trading platform is free to download and you can create a free demo account to practice trading with the X Scalper indicator which gives you entry and exit points in the market thus making it a suitable forex scalping system for any level of trader as there is no complicated market analysis required on behalf of the trader, it is all done for you.
X Scalper Review
X Scalper claims to be a revolutionary forex scalping system designed specifically for scalping pips on the 1 minute and 5 minute charts. You can take the X Scalper signals as they are or even conduct your own technical, fundamental and price action analysis to filter trades further.
I would personally prefer trading the major currency crosses such as the EURUSD & GBPUSD pairs due to the fact they can have some of the lowest spreads and most liquidity which in turn can lead to faster execution speeds and lower trading costs. This is especially important when using a forex scalping system as every pip counts! I would be using an ECN forex broker for the best possible trading conditions with this or any forex system.
X Scalper has a user friendly interface with multi-level confirmation. And trading signals that do not repaint. X Scalper is very flexible and thus suitable for many trading styles, it can be used on any time frame or currency pair although the 1 minute and 5 minute charts are recommended by the developer. You should trade what you feel comfortable with as everyone is different.
The X Scalper forex indicator looks to find reversal opportunities and pick out forming trends with 3 different trading modes to choose from – conservative, medium or aggressive. There is minimal time required to use X Scalper as it can send you signals via SMS and email so you do not need to chart watch all day.
Despite primarily being a forex scalping system, you will find that X Scalper can be used for swing trading and day trading if you wish.
X Scalper Summary
Overall, the X Scalper is a basic manual forex trading system that is suitable to all sorts of trading styles. It is very easy to use with clear entry and exit points on the user friendly interface. You can be setup in minutes by attaching the X Scalper indicator to your charts and waiting for the forex trading signals.
There are many trade examples on the X Scalper official website so you can get a good idea of what to expect and you may wish to practice on a demo trading account until you master how to use it. Detailed easy to follow setup instructions are included as is full support and a money back guarantee.