Karl Dittmann, the developer of this Forex indicator, claims that this ‘super-intelligent Forex tool’ was designed to help traders experience a smooth and carefree trading experience even during quarantine restrictions and uncertainty of tomorrow. It is advertised as a ‘unique key to successful trading’, ‘highly profitable’, and ‘easy to use’ software. Karl tries to convince us that Exynox Scalper is what every trader needs to enjoy successful trading and huge profits. Is this indicator a good choice for traders? Can we rely on it? In this Exynox Scalper indicator review, we will tell you all about this Forex tool, its drawbacks, and its benefits for letting you know whether it is a good choice for you.
Is Investing in Exynox Scalper a Good Decision?
To determine the efficacy, accuracy, and profitability of this indicator, we have analyzed all the important data around Exynox Scalper. After our detailed review, we have concluded that this indicator is not a good choice for traders:
Lack of vendor transparency
Undisclosed trading strategy
Absence of backtesting results
Absence of live trading results
No page on Forex Peace Arm or Trustpilot created
No customer feedback provided on a third party website
Fake customer feedback provided on their website
Their website presentation includes of the list of key features, we see ‘real testimonials from members’, gif files that show the trading performance of the indicator in action, a bunch of screenshots that demonstrate the performance of Exynox Scalper, a vendors area, frequently asked questions page ad pricing details. Their website presentation includes thousands of words about the product, so we hope to find everything we need to know about this indicator to make an accurate review.
Karl Dittmann is who developed and created this Forex indicator. Unfortunately, we do not know who exactly stands for this indicator, as Karl Dittmann is the pen name of the developer.
The key features of this indicator are:
Effective trading algorithm
The indicator has a unique trend-power detection
Smart exit technology
The indicator can trade on M1-M30 timeframes
Supports multiple trading styles
Works on the MT4 platform only
No repainted trading signals
Trading these signals will not take much time
The signals are highly profitable
The indicator supports all major currency pairs
Signals are delivered via Pop-Up terminal notifications, email alerts, and mobile phone alerts
Exynox Scalper shows both Entry and Exit points of trades
Suits both experienced traders and beginners
Works based on its perfectly calculated ingenious algorithms
Minimal initial deposit should be $100-$250
Full customer support
No additional monthly fees
The developer points out 3 major trading modes:
Exynox Scalper uses a scalp-trading approach on M1, M5, M15, and M30 timeframes. The developer mentions three trading modes that vary by the signal frequency, safety level, trend detention, and risk level. Unfortunately, that is all the developer decided to share concerning the trading strategy his indicator uses.
The regular price of this indicator is $395 but it has been slashed to $147. The package includes a detailed user manual, an effective trading algorithm, no repainted signals, 60 days money-back guarantee, one real account, and full-time customer email support.
Backtests were not provided on the official site of the developer. Instead, the vendor shares a bunch of screenshots of trades executed. Each screenshot has to demonstrate to us the efficacy of this indicator and its importance for successful trading.
The developer tries to convince us that the screenshots provided on the Exynox Scalper website are real trading results of his indicator.
The dev failed to provide live trading results. He adds that this trading system can be used on a Demo account and then easily be switched to a Real account.
No screenshots provided by the developer to share the performance of indicators can be trusted, as none of them is verified. Karl never provides live trading results of the product he sells. Lack of transparency is a red flag for any trading system. We cannot trust the developer who prefers to use a pen name, undisclosed trading approach, hide backtests, and live trading results of the products he offers. He does not share his trading results, so how can we be sure he knows what he does? How can we invest in this indicator if we have no real proof of its efficacy and accuracy? There is no reason to pay for a suspicious product.
Other than the customer feedback posted on the Exynox Scalper website we could not find people’s feedback on reliable third-party websites like Trustpilot, Quora, Forex Peace Army, etc. Historically customer reviews written on official sites of developers are easily manipulated, paid, or concocted. Thus, we prefer reviews written on third party websites. The absence of customer reviews is not a huge drawback that cannot be ignored while evaluating Exynox Scalper indicator.
Exynox Scalper is not a good indicator to rely on. As with most of Karl’s products, this one cannot be trusted. There is nothing except a word-to-nothing presentation that focuses to attract customers’ attention and completely ignores professionalism, reliability, accuracy, and transparency from the side of the developer. There are neither trading approach details, nor backtesting or live trading results to analyze. Unfortunately, we couldn’t find any positive points to speak about this system. Therefore, we have no reason to say that Exynox Scalper is a good Forex indicator.