The Titanium Scalper Indicator has been developed specifically for conducting technical analysis on charts in the popular MetaTrader 4 (MT4) platform for desktop. If you aren’t already familiar with the MT4 platform, you can download it and open a demo account free of charge, from most forex brokers. Titanium Scalper can generate buy and sell signals, which the user can then use as part of a manual forex trading strategy. Here, we will take a close look at what the Titanium Scalper has to offer, with the goal of helping you decide if it is a forex indicator that you would like to implement within your own forex strategy.
What is the Titanium Scalper Indicator?
The Titanium Scalper Indicator is a forex trading tool which can be used to analyse any currency pair or chart timeframe. It will give the user buy and sell signals when its built-in combination of unique trading algorithms discovers what it deems to be a possible trading opportunity.
From there, the user can then decide if they wish to enter a trade position solely based on the Titanium Scalper Signal, or if they would like to conduct further market analysis to confirm the signal using their own initiative. It can be used as a standalone tool for you to start your trading journey, or it can be easily implemented into your existing algorithm.
User Interface
The Titanium Scalper has a very easy to interpret unique interface. It is user-friendly, with the signals clear to users of all experience levels. There is a dashboard displayed on the charts that you have the indicator running on which shows:
- Latest buy or sell signal
- Optional take profit and stop loss levels
It also has an interface with a trading scanner designed specifically to confirm which pairs it believes are best suited to trade on right now and for you to open new charts with just a click of a mouse.
Non-repainting Signals
The Titanium Scalper signals are non-repainting. This means that they should not change after a bar has closed. If an indictor does repaint, it can look good by adjusting to historical charts but may have actually looked completely different in real time.
Customised Settings
The Titanium Scalper Indicator comes with customized settings for each currency pair. Whilst this does mean that it can be used straight out of the box so to speak, you may wish to check the settings and customise them to your own trading style and goals.
You can choose the standard settings for Take Profit and Stop Loss levels in the Inputs of the indicator. Every trader is different. What works for one trader, may not work for another. That being said, the Titanium Scalper System is very versatile and can be used for scalping, swing trading and day trading.
Trading Scanner
The Titanium Scalper includes a handy trading scanner which aims to help users with the choice of which pair and timeframe to keep an eye on. You can always see the strength of the signal on other recommended pairs. If it’s dark blue then the BUY signal is strong, if it’s dark grey then the SELL signal is strong. And if its white – there may be no signal at all. For user convenience, all you need to do to switch to the pair of your choice is just click on it.
Just always keep in mind, there is absolutely no guarantee on how well the signals will perform with the Titanium Scalper or any other forex indicator for that matter. Trading online carries an element of risk and is not for everyone. It is important to make sure you understand all of the risks involved and never risk more than you can afford to lose.
Signal Alerts
The Titanium Scalping Indicator can send you signals alerts when it finds a possible buy or sell signal. These alerts can be platform pop-ups, email messages or SMS notifications. Either way, it can save us from needing to gaze at charts all day long. You could even have the MT4 app setup on your phone to place and manage trades whilst on the go.
Signal alerts also mean we can track as many charts as we want to – the Titanium Indicator does need to be up and running on the MT4 desktop platform in order to send signals. If you cannot always have your home computer running, you could consider a Forex VPS to run the platform 24/7 without needing your home machine switched on. The Titanium Scalping Indicator could be setup on the MT4 VPS to send signals that way. Some forex brokers even offer a free forex VPS.
How to use the Titanium Scalper Indicator?
If you want to use the Titanium Scalper Indicator, you simply install it into the correct MT4 folder using the provided step by step instructions and then drag and drop it onto your charts. As it is a scalping system, it is designed specifically for the lower term timeframe such as the 1-minute, 5-minute and 15-minute. You may however use it on any chart timeframe that you wish.
I would personally look to use it on higher timeframes as I find they are easier to spot trends on. Sometimes the lower timeframes can look a bit of a mess in my opinion. I would also look at trading major fx currency pair crosses such as the EUR/USD. This is because I find they tend to have plenty of liquidity which can mean some big moves. Furthermore, I would always prefer to use an ECN forex broker as tight spreads and speedier execution speeds, can help save on trading costs in the long run.
Titanium Scalper Manager
The Titanium Scalper Manager aims to make the process of analysing signals and placing trades as convenient as possible. When the new signal is generated, Titanium Scalper Manager pops on the screen, and all you have to do is click one button to enter the trade. As soon as the desired Take Profit level is reached, the Titanium Scalper Manager can exit the trade automatically. If the spread is bigger than a certain amount of pips, Titanium Scalper Manager can detect it and not execute the trade.
Titanium Scalper Semi-Automated
There are two ways of how you can use your Titanium Scalper Manager. The first one is a semi-EA mode. With this mode you will get a Titanium Scalper Manager pop-up window on your screen every time a new BUY/SELL signal is generated.
It contains all the information about the trade, so you don’t have to type in anything – you just need to choose whether you want to aim at the Take Profit level or at the opposite signal, and click on one of those options. The Manager will then enter the trade with all the necessary settings.
After you have entered the trade – the Manager will exit it automatically when it reaches the Take Profit level or when the new opposite signal is generated, depending on what you’ve chosen before.
Just make sure that if you are using the Titanium Scalper semi-automated option, you adjust the risk and money management according to your own individual needs.
Titanium Scalper Fully Automated
Whenever a manual forex system comes along, there will usually be someone who wants to automated it. Sometimes, even before they have tried using it manually. This is probably because they done have the time to trade manually and want everything done for them, with a complete set and forget solution. This is totally understandable! Who wants to be glued to the screen all day when there is a very convenient alternative?
You can set the Titanium Scalper Manager to AutoMode and go about your day as usual – it can then analyse the markets and trade for you. This means it can be entering and exiting trades with the settings that you’ve chosen beforehand.
Whilst this is a hand-off approach, there can be some disadvantages as an automated forex system cannot always see things that the human eye can. There is no guarantee on what the results will be. I would always start on a demo trading account to try any forex system until I see some success with it and feel confident enough to switch to a real live trading account.
Titanium Scalper Features
Hopefully by now, you should have a better understanding on what the Titanium Scalper Indicator is and how it works. Let’s take a quick look at some of its key features:
- Indicator for generating buy and sell signals
- Can be used as part of a manual trading strategy
- Can be used on any currency pair and chart timeframe
- Compatible with any forex broker with the MT4 platform
- User-friendly interface for quick and easy market analysis
- Non-repainting trading signals
- Titanium Scalper Manager
- Semi-automated and fully automated modes
- Real & Demo Account Licenses
- Comes with detailed instructions and 24/7 support
- Money back guarantee included
Titanium Scalper Packages
There are currently 4 Titanium Scalper packages that you can choose from. They are as follows:
Titanium Scalper 3 months
- Buy/Sell Signals
- Unique Trading Algorithm
- Notification System
- 24/7 Support
Titanium Scalper life-time
- Buy/Sell Signals
- Unique Trading Algorithm
- Notification System
- 24/7 Support
- Life-time License
Titanium Scalper + Manager 3 months
- Buy/Sell Signals
- Unique Trading Algorithm
- Notification System
- 24/7 Support
- 1-click Trading
- Automated Exit
- Slippage Protections
- Full Automated Option
Titanium Scalper + Manager life-time
- Buy/Sell Signals
- Unique Trading Algorithm
- Notification System
- 24/7 Support
- 1-click Trading
- Automated Exit
- Slippage Protections
- Full Automated Option
- Life-time License
Titanium Scalper Conclusion
To conclude with this Titanium Scalper Review, I must say that I certainly see some significant potential with the particular forex indicator. That being said, I do believe that it will require some input on behalf of the user in terms of additional filtering of the buy/sell signals that it generates and money management. That’s not to mention the importance of trading discipline. I have seen the same trading system give completely different results in the past, simply due to these differences.
There is a really useful tool on the official Titanium Scalper website where you can try out the indicator without needing to purchase, download or install any software. This can give you a rough idea of what to expect before making a commitment.
The Titanium Scalper developer has shared plenty of videos and screenshots of the indicator in action. Whilst they do show some impressive trades, there is no way to verify if these were actually taken in real time. I would personally like to see some verified trades as anyone can go back over the charts historically and cherry pick good looking trades, avoiding the numerous bad trades.
I am impressed with the Titanium Scalper Manager and options for semi/fully automated trading with the indicator. The developer has gone to some lengths to make the indicator convenient to use. The signal alerts and automated option mean that one will not always need to watch the charts all day although I would certainly check all signals myself rather than take them blindly.
If you like what you have read and think the Titanium Scalper Indicator is something you would like to learn more about, please feel free to visit the official website using the link below. Just remember, this is not the holy grail, trading requires patience, discipline and lot of practice.
Titanium Scalper
From $357
Pros
- Manual forex trading indicator
- Semi- automated & fully automated options
- Trade manager
- Buy & Sell signal alerts
- MetaTrader 4 platform compatible
- Any MT4 forex broker
- User-friendly interface
- Full 24/7 support
- Detailed step by step instructions
- Money back guarantee
Cons
- Takes some time to learn
- Not very innovative
- Quite basic forex strategy
- MetaTrader 4 platform only
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
