100 Pips Daily Scalper Indicator By Karl Dittmann

Online, August 19, 2011 (Newswire.com) - Forex scalping is one of the popular strategies used by day traders. It entails quickly entering and exiting the market grabbing a few pips each time. Scalping is mostly done when the market is moving sideways or ranging with no clear trend present. So, when the markets move sideways, day traders love to do scalping quickly entering and exiting the market grabbing 5-10 pips each time. As almost 70% of the time, the currency markets range, it makes forex scalping as essential tool in the trading arsenal of a day trader.

Most traders use the 1 minute chart for forex scalping. Trading on the 1 minute chart is not easy due to the presence of high level of noise on the lower timeframes. 1 minute charts are very fast paced giving a lot of trading signals. But due to the presence of noise at lower timeframes, most of these signals are false. The more false signals there are the higher the chances of you making bad trades.

This makes scalping on the 1 minute charts risky as the ratio of false signals to true signals is very high. Karl Dittmann, a professional forex trader from Bonn, Germany has come up with 100 Pips Daily Scalper Indicator that he says reduces this high ratio of false signals to true signals on 1 minute timeframe.

He says that he has discovered a secret trick that helps this indicator filter out false signals. Plus according to him, this 100 Pips Daily Scalper Indicator also gives much bigger profits as compared to ordinary scalping where most of the time traders make between 4-5 pips. With this 100 Pips Daily Scalper Indicator, you get profits between 10-30 pips per trade. With this 100 Pips Daily Scalper Indicator, you will get many trading opportunities during the day. Each scalping trade can make you between 10-20 pips on average. With a number of successful scalping trades, at the end of the day, you can easily make 100+ pips daily.