DNA Scalper Review – A Detailed Look at This Forex Trading System
DNA Scalper is a forex trading system created by Karl Dittmann that aims to generate profitable buy and sell signals for scalping the markets. This review will take an in-depth look at how DNA Scalper works, its main features, pros and cons, and ultimately help you determine if it is worth the investment.
Overview of DNA Scalper
DNA Scalper is marketed as an easy-to-use manual trading system that can help both novice and experienced traders make more winning scalping trades. It runs on the popular MetaTrader 4 (MT4) trading platform and comes with a set of custom indicators and a trading template.
The core of the system is the DNA Scalper indicator which identifies potential trading opportunities and generates color-coded buy (blue) and sell (red) signals on your charts. It has an adaptive algorithm that continuously scans the markets to detect the optimal entry and exit points.
Once installed on your MT4 charts, the indicator pops up alerts when a new signal is identified so you can take action accordingly. You can also choose to receive alerts via email and SMS notifications.
How Does DNA Scalper Work?
DNA Scalper is designed to detect short-term price movements and market corrections. It aims to help traders profit from small intraday price changes in the forex market.
The indicator monitors price action across multiple timeframes from 1 minute to 30 minutes, looking for trading opportunities. When the adaptive algorithm determines an optimal entry point, the indicator plots a signal directly on your chart.
DNA Scalper has 3 modes for trend detection:
- Conservative – Provides standard trend detection and the least amount of trading signals. Safest mode for beginners.
- Medium – Sensitive trend detection with more frequent trading signals. Moderate risk mode.
- Aggressive – Highly sensitive trend detection for maximum signals. Riskiest mode for experienced traders.
The trading signals work as follows:
- Blue Arrow – Indicates a buy signal. Price is predicted to move up.
- Red Arrow – Indicates a sell signal. Price is predicted to move down.
The system also shows take profit and stop loss points on the chart once a signal appears. You simply execute the trade according to the DNA Scalper signals.
Features and Benefits
Here are some of the main features and benefits of using DNA Scalper:
- User-Friendly – Easy to install, set up and use. Works seamlessly with MT4.
- Adaptive Algorithm – Continuously scans markets to detect high-probability trades.
- Real-Time Alerts – Notifies you instantly whenever a new signal is identified.
- Customizable Settings – Adjust settings to suit your trading style and risk tolerance.
- No Repainting – Signals are fixed once plotted on the chart.
- Works on All Markets – Can be used to trade forex, crypto, stocks, commodities, indices, etc.
- Flexible Timeframes – Suitable for all MT4 timeframes from 1 minute to 30 minutes.
- Detailed User Guide – Step-by-step instructions provided.
The biggest benefit of DNA Scalper is that it removes the complex technical and fundamental analysis required to scalp trade successfully. The indicator does all the analytical work for you and provides clear signals to follow.
Using DNA Scalper
DNA Scalper is designed for the MT4 platform. Once you purchase access, you can download the trading template and install it on your MT4 charts. The process is straightforward:
- Add the DNA Scalper template to your MT4 platform.
- Load the template on the currency pair and timeframe you want to scalp trade.
- Wait for a buy or sell signal to appear and set your trade size.
- Place the trade when you receive an alert and set the recommended stop loss and take profit.
- Manage the trade according to the trend until your take profit target is hit.
We recommend starting on a demo account first so you can get comfortable with the system and develop your skills. Be sure to test it out on different currency pairs and timeframes to find the optimal setup for your trading plan.
When you feel ready, switch to a live account and start with small position sizes of 0.01 lots or lower. Only risk 1-2% of your account per trade and closely follow the stop losses.
As you gain more experience, you can increase your position sizes and graduate to the more aggressive trend detection modes for higher profit potential. Advanced traders may also choose to incorporate additional confirmation signals before placing DNA Scalper trades.
Check my advanced Forex Elite Trader PRO Strategy
Who Is DNA Scalper For?
DNA Scalper is designed for intraday traders who want to capitalize on small price movements in the forex markets. It is not meant for long-term position traders or investors.
Here are the traders who can benefit most from this system:
- Beginners – Easy to use right out of the box. No prior experience needed.
- Struggling Traders – Provides clear signals to help turn losing trades into winners.
- Scalpers – Excellent for short-term traders looking for quick profits.
- Discretionary Traders – Signals can supplement your own analysis.
- Busy Professionals – Don’t have time to analyze charts all day.
DNA Scalper can help novice traders bypass the steep learning curve. The indicators do all the analytical work so you can focus on executing the signals. There is minimal guesswork involved.
For struggling traders, it can provide much-needed direction in the markets. The software gives you high-probability setups to boost your win rate.
Experienced scalpers can further enhance profits by combining DNA Scalper signals with their own trading system. And for busy people, it delivers easy-to-follow trade alerts conveniently on your MT4 platform.
Pros and Cons
- Requires no trading experience to use
- Very easy to install and implement
- Clear and unambiguous buy/sell signals
- Adaptive algorithm provides high accuracy
- Real-time alerts and notifications
- Works across all MT4 instruments and timeframes
- Comes with detailed user guide and support
- Suitable for beginner through advanced traders
- Affordably priced
- Requires an MT4 broker account
- You still need trading capital to invest
- Not a 100% foolproof system
- More suited for scalping than long-term trading
- Won’t make you rich overnight
- Not a physical product, downloads only
DNA Scalper is sold through the product website for a one-time payment. There are no recurring fees or subscriptions.
At the time of writing, it is priced at $147. Compared to the cost of other trading systems and courses, this is an affordable entry point.
The $147 payment includes lifetime access, free updates, support, and a 60-day money back guarantee. If you are not satisfied, you can request a full refund within 60 days of your purchase.
Considering the potential profitability, DNA Scalper offers excellent value for the price. Of course, individual results will vary depending on your trading skills and market conditions.
DNA Scalper Support
DNA Scalper comes with responsive customer support provided by Karl and his team. You can get assistance via the following channels:
- Email – [email protected]
- Members Area – Online ticketing system
- Social Media – Active Facebook user community
Standard support is free for all customers. Priority email support is also available for an additional fee.
Positive reviews mention the prompt and useful support they received when facing any technical issues or questions about using DNA Scalper.
So is DNA Scalper a legitimate and viable trading solution? Based on customer feedback and my own analysis, I believe DNA Scalper is a legit product that provides a reliable method for scalping the markets successfully.
The logic behind the system is sound. Using an adaptive algorithm to identify high-probability entries and exits makes perfect sense. The real-time alerts allow you capitalize on the signals quickly.
No trading system can guarantee 100% winning trades. But DNA Scalper offers a solid strategic edge for scalpers. Monitoring its performance via a demo account should give you an idea of its profit potential.
If you trade according to the signals and manage your risk properly, Scalper provides a statistically profitable approach. It takes out the complexity of scalping and hands you high-probability setups.
For the affordable price, you get a clever indicator designed explicitly for scalping, easy installation, unlimited updates, and responsive support. There are no monthly fees or upsells.
The biggest risk is the standard 60-day refund policy. This gives you plenty of time to thoroughly test out the product and ensure it delivers as promised.
Overall, Scalper is reasonably priced for the value it provides. If you are looking for an easy-to-use and profitable forex scalping system, DNA Scalper is worth considering.