The presentation of Onyx Scalper starts from the claims that the system is “Highly Profitable Technology,” and it’s an “Invaluable Tool For Our Success.” Next, we can watch a video that explains how good the system is. Of course, there are no trading results provided.
This is another product of Karl Dittmann. He’s a well-known scam designer. Even having this reputation, he publishes some of his redesigned products from time to time.
Features
The Onyx Scalper software has some features explained. We’ve gathered them in the short list:
- The system has an effective trading algorithm behind it.
- The trend strategy is the main one behind the indicator.
- We can receive signals for all 28 currency pairs.
- The main time frames are M1, M5, and M15. We have no idea how to trade well on the M1 without executing orders automatically on VPS and ECN.
- There’s a user-friendly visual interface.
- Trading these signals won’t take much time for us.
- It generates only high-profit signals.
- We can start using it even without previous experience.
- The indicator has a unique trend detection system.
- It can work based on several trading styles.
- It doesn’t repaint signals after they were provided.
- The indicator can work on the charts with three levels of risk Conservative, Medium, and Aggressive. The higher aggression is, the lower safety is.
- From the screenshots, we can see how the signals look like in terminal pop-ups, email, or Messenger.
- All of them have a common for the signals format: Symbol, Time Frame, Direction, Entry Price, Take Profit, and Stop Loss.
- The system is designed to work only on the MT4 platform.
How to start trading with Onyx Scalper
To get started, we have to buy an indicator, apply it to a real or demo account, and execute signals it sends.
The Onyx Scalper Indicator is available for $147 for a lifetime license instead of $395 (this price has never existed). The offer is overpriced. Many signals from MQL5 cost $30-50, some of them cost $70-$100, but all of them have trading results provided. The pack is featured by an effective trading algorithm, a detailed step-by-step user guide, reliable signals without repainting, one real live account license, a 30-day money-back guarantee, and 24/7 Email support.
Backtests
The developer provided no backtest. It warns us that the system could not be tested well before it was released.
Unverified Trading Results of Onyx Scalper
The presentation includes an endless wall of photoshopped screenshots on which the system made great profits. Of course, it is a lie. Just take a look at the last one. There’s nothing attached to the chart. Usually, there’s info about the system in the top right corner that currently works. If these profits were true, the developer would be a millionaire without jokes. It’s huge, but he has no account with trading results or backtest reports. By the way, the trading results will help us to understand what symbols are the best, time frames, what drawdowns we have to expect, accuracy rate, and so on. The win rate is the most crucial part of the system. We have known nothing about it.
People feedback
The presentation includes positive testimonials. All of them are fake because they are faceless and don’t occur on other sites like Trustpilot or Forex Peace Army. If we take a closer look at the last one, we can see that the text has a grey background, and it’s different compared to the white background of the rest space in the message.
Other notes
There’s a sign of Karl Dittmann, but this is a fake. We know two fake persons who use this trick – Rita Lasker and Karl Dittmann. Both of them don’t exist on the web. There are no social network profiles or MQL5 forum profiles.
Is Onyx Scalper a viable option?
Of course, the system is not an option. There’s even nothing to discuss. The indicator has no backtest reports or trading results to prove it’s a good one.
Conclusion
Onyx Scalper is a scam software designed by Karl Dittmann. The developer provided no information about himself like developers on the MQL5 community do. At the same time, we have no explanations of what indicators are behind the software. He didn’t provide backtest reports to convince us that the system is good. Most importantly, there are no trading results as well. So, the developer doesn’t use this software to make money. It’s suspicious.
