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X Scalper Review: A Scam Forex Indicator?

X Scalper Review: A Scam Forex Indicator?

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This review is focusing on X Scalper, a Forex indicator that has just been released by an entity known as Karl Dittmann. He says that X Scalper has a win rate of 83%, and is fast and profitable. He goes ahead to give us a few screenshots of the alleged profits that were realized from trading using the X Scalper Forex indicator.

The X Scalper costs $147 and is said to have the ability to change your life. Karl claims that if you bought it yesterday for example, you would be swimming in money now. Throughout the screenshots that he has published on this landing page, there are instances where he claims this indicator made 250 pips in one trade. He also shows us how this indicator looks when it action.

So the question is, can we trust this indicator that it will change our lives as traders looking to make money off the markets?

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X Scalper Review

Karl is a renowned salesman who has produced and sold a lot of indicators in the past. When we look at some of his past work as far as trading indicators are concerned, we see that a lot of people have been complaining about the performance of those indicators. When you look at forums like FPA, you realize that Karl’s products are very controversial. Many people claim that they don’t make money at all. A few more claim that his indicators make money.

So, who can we trust in all this? One might ask.

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Our suspicion is that this guy sells his indicators, not because he is experienced or skilled in making trading indicators, but because he is also a silver tongued salesman who knows how to persuade traders to purchase his indicators. It is not surprising that he has since sold dozens of these indicators before yet a lot of people still complain that these indicators don’t work.

What other people say about Karl Dittman

Karl Dittman is a major concern among the trading community in general as some people claim that he is a known scammer who has sold many of his faulty indicators to the trading public in general.

We have actually looked into his website where he sells  X Scalper and discovered that the disclaimer section is telling us that his name could be fictitious.

Also, when we look into this product in details, we see that it is a carbon copy of another product called FX Atom Pro. FX Atom Pro is also a product of Karl Dittman. What we can deduce is that Karl is generating new trading indicators an labeling them with new names. He keeps producing crappy trading indicators and selling them as new indicators with completely different trading algorithm.

Now, let’s remember this fact. If anyone promises you easy and fast money in trading, he must be a liar, right? If you look at this landing page, it suggests that  X Scalper is making fast and easy money and that people can become rich overnight by purchasing and using this indicator. What we are seeing here is just too good to be true. We believe that if this product was really making a lot of money in a short period of time, Karl would probably sell it for a billion bucks. After all, no one can release his secret of making money for free.

It also bothers us when we see Karl claiming that  X Scalper will change your life when he is opting to sell his indicators instead of trading with them on his own. If this product was really profitable, we believe that he would not be distributing it on the internet. He would be using them for himself rather than selling them for a cheap price. So this means that X Scalper is a very suspicious product.

How it’s supposed to work

Karl says that X Scalper picks bottoms and highs with 83% accuracy. It sees trends even before they can form, and that means one can have the best win ratio if indeed it is true that this trading indicator can see trends before they can form. This is a trading edge that the best performing Forex traders out there know how to utilize. However, rest assured that this indicator will never predict the onset of trends with that kind of accuracy.

There is just not enough information to support this assertion. The other thing that Karl does is to show us fictitious trading results as confessed in the disclaimer page. He says that these trading results are fictitious, yet at the same time using those screenshots to tell us that X Scalper is really profitable. Who is fooling who?

By the way, by selling this kind of product to the public, Karl is giving illegal investment advice. Anybody who buys this trading indicator will lose the $147 plus his trading account as well. The probably of suffering a loss here is 100%. We have no doubt about it.

Karl’s reputation

We are not quite sure whether Karl is using his real name in his promotions. Some people have hinted that the name Karl Dittman is fake. His disclaimer pages also suggest that he may be using fake identity when selling his products.

Generally, he does not have a trustworthy reputation or credibility and this makes it difficult for people to believe him except those who are not familiar with his marketing tactics. He can really convince you to buy his indicators since he is good at crafting landing pages that attract the crowd.

Our best advice for you

The truth is that X Scalper is just another scam indicator out there. That is why he is selling it for $147. He knows that the only way to make money with this bogus trading robot would be to sell it instead of using it for trading. It is being sold as a magic trading indicator that can identify the onset of trends with the greatest accuracy rate ever seen. You have to choose whether you’ll make money or lose money to this bogus indicator.

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