Karl Dittman is at it again. He’s been selling all sorts of flawed trading indicators on the web. In fact, when you hear the name ”Karl Dittman”, you should think twice because this man is known for producing and hyping trading indicators that lose money.
Today, we have yet another flawed Forex indicator called 100 Pips Daily Scalper. He claims that this trading indicator will assure you 100 pips daily profit. But this promise is of course not real because no trading indicator can assure you of a specific number of pips every day. It is just the wrong way of marketing a Forex product.
It’s one reason why we want to bast the 100 Pips Daily Scalper trading indicator in this review. And secondly, customers have been saying some very bitter things about this indicator. We will be tackling those as well.
By now, we think that Karl is a total joke and probably the biggest fraud that has ever sold anything on the internet. He sells one flawed trading indicator after the other while claiming that those products will guarantee daily profits in terms of pips and that they will even make your life easier in the Forex market.
100 Pips Daily Scalper is relatively new in the marketplace. He is also the author of a trading indicator called Super Trend Profit. We reviewed it some time ago and saw that it was not a good trading indicator.
100 Pips Daily Scalper is basically a 1-minute time frame scalper that everyone, including those without trading experience can allegedly use.
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The question is, if you have never seen how an MT4 platform looks like, will you just plug this trading indicator and use it?
You see, Karl Dittman is just being a good marketer here. He claims that 100 Pips Daily Scalper is brand new and unique.
He claims that when you buy this indicator, you will make your work easier as everything will be printed on the screen. If you are looking to buy, a blue line indicator will appear with the instructions. On the other hand, if you want to sell, a red line will appear on the screen with instructions on where and how to set your TP and SL.
In addition to this, 100 Pips Daily Scalper sends out both SMS and email alerts to make sure that you are in sync with the market at all times.
When you look at the screenshots that he has provided on the website of the 100 Pips Daily Scalper, you will see that this man is making abnormal claims as per those results. Some MT4 screenshots show that this piece of software made 200+ pips in a day. In some other days, it made 50 pips
These screenshots are dated back to 2011. We wonder how this guy was able to test this indicator if he had not created it then.
You see, the 100 Pips Daily Scalper has not been around for so long. But here’s a case where Karl is just lying that he back-tested this piece of software and that he can guarantee 100 pips a day in profit.
It’s like Karl is saying that this is the Holy grail of trading Forex. He also claims that this software averages 180 pips in 4 hours on a typical day. But 100 pips is the minimum that you should expect from the various trades that you will place in the market at any given day.
To ‘prove’ his point, he posts a bunch of mt4 screenshots showing how this indicator was able to make the supposed 180 pips in 4 hours.
There are also claims that this scalper anticipates the exact movement of the market minutes before it happens. If this was true, we believe that Karl would not be giving out this robot for only $149. In fact, he would not sell it out at all. But the reason why he is offering it for such a low price is that 100PipsDailyScalper is not the holy grail of trading. The only way to make money is by actually selling it rather than trading with it.
He claims that 100 Pips Daily Scalper ”knows” when price is about to move in one direction. He also claims that this is a very efficient scalper because it does not guess and lose money like other Forex indicators on the web.
The question is, has he answered the question above? No, he has not.
Instead of dwelling on how this trading indicator works, Karl concentrates on the functional elements of the software. Of course no statement will end without praising this indicator.
100 Pips Daily Scalper is even the best risk-management software you can find on the web, claims Karl.
Oh, and we managed to come across a very silly explanation on how this trading indicator works. In this statement, Karl was saying that 100 Pips Daily Scalper is the sum total of all secret scalping techniques that a group of Forex experts put together decades ago for best results.
Now, he is essentially saying that this indicator does not use his own patent method or trading strategy. Instead, it uses strategies that were crafted by other people. This discovery leads us into thinking that 100 Pips Daily Scalper is a generic Forex indicator.
Digging further, we discovered that 100 Pips Daily Scalper was relying on trends and price action ticks. When we sought to know how exactly this software was able to establish where to enter and exit the market, Karl said that it focuses on some ‘unknown price action tricks and combinations’.
Basically, this guy does not want to elaborate how this indicator works. This is a huge negative by the way.
We can assure you that customers of Karl are saying some nasty things about him.
First of all, one customer accused him of copying free indicators and repackaging them into a product so that he can sell them as a ”unique product”.
Another customer complained to us that when he bought this tool, it was not that simple to use because 100 Pips Daily Scalper repainted signals. He had to filter then one by one, which was not the easiest thing a newbie would do if they knew nothing about trading Forex.
There are a lot more complaints that have since followed this fake product.
We don’t know how Karl deals with these complaints. It’s like he doesn’t care for his reputation. He only cares about releasing one Forex indicator after the other. He is also an expert at creating Forex products landing pages. He has a knack for evading detection.
You need to be very careful with these Forex indicator. This man does not trade for a living. He does not have a success record of ever trading and making money out of the Forex market.
So how can he claim that he is the expert of Forex indicators? This product is clearly a sham as you can see that it doesn’t have trading performance to rely on.
Our best advice is that you should avoid 100 Pips Daily Scalper like the plague. It does not qualify to be sold to the members of the public since it is a highly fraudulent product.
If you’re looking to trade Forex using software, probably these tools will serve your bottom line. At least we have tested them and found them to be reasonably profitable. For now, just forget fake trading indicators like the 100 Pip Daily Scalper.
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