Frequently Asked Questions
What trading platform does Delphi Scalper support?
The Delphi Scalper indicators supports the MetaTrader 4 platform only currently. This is a free platform available at most all of the US forex brokers (as well as many overseas brokers). You do NOT need a live account to trade Delphi Scalper! You can set up a demo account at any of the brokers that support MetaTrader 4 and be going within minutes. back to top
Where do the “Yellow Lines” come from?
To answer this question, let us look at an example.
If you attach the Delphi Scalper system to the EURUSD 1 hour chart, for example, the Delphi Scalper system will “look” at the 1 hour EURUSD chart, the 4 hour EURUSD chart, the daily EURUSD chart and the monthly EURUSD chart to find key lines of support and resistance. These lines of support and resistance are shown to you in the “Advanced Mode” of the Delphi Scalper indicator. In the “Easy Mode”, all of the support and resistance lines are sorted, and run through an algorithm to determine which ones hold the highest probability to trade between. These lines are then highligted in yellow (and all the other lines erased) — this shows you which two lines of support/resistance should be used for the highest possible probability in the trade. back to top
What is the difference between “Easy” and “Advanced” mode?
As stated in the “Yellow Lines” example question above, the yellow lines are derived from gathering a large list of key support/resistance lines from all timeframes ABOVE the current timeframe. These lines are then run through an algorithm to determine between which two lines the highest probability trade will occur.
For our more advanced traders, we’ve found that you can both have more trades and be even more profitable if, instead of erasing all of the OTHER support/resistance lines that aren’t yellow (which is “Easy Mode”), we just keep all the lines on the chart and let the advanced user determine between which two of these important support/resistance lines to trade on. So, the only difference between the two is that in Easy mode, we do all the work of finding the highest probability “scalping area” for you. In advanced, we still do this (and highlight them yellow), but show you all of the OTHER support/resistance lines as well.
You can “turn on” advanced mode by attaching the FXI+DelphiScalper indicator, and changing “EasyMode” to “false”, as indicated in the below screenshot:
When you click “OK” at this point, you will see ALL the lines that the Delphi Scalper chooses from when creating the Yellow Lines in “Easy Mode”. back to top
The stop loss is what we call a “1 to 1″..this means that whatever our take profit is, our stop loss is the same. If our take profit is 25 pips, our stop loss should be set to 25 pips as well.
In our testing, if you follow the entry criteria layed out in the Delphi Scalper manual, the accuracy is around 70% (7 winners to 3 losers in 10 trades). back to top
The “Index Lines” at the bottom of the chart use data from all the different available “USD” based pairs (if you see “USD” in the pair, like EURUSD or USDJPY, then it is considered a “USD based pair”). This means that all of this data must be downloaded to your computer before the calculations can be run and displayed to you. This process shouldn’t take any longer than a couple of minutes — you can tell the data is downloading by looking at the number at the very bottom right hand side of your MetaTrader 4 platform (beside your connection status). If it is moving up at a rapid rate, please be patient, your data is still downloading. On the next tick, after the data has downloaded, your indicator should show up.
The good news is, after you download your data initially, it will take significantly less time each time you want to attach Delphi Scalper. If it “hangs” up at this point, please email us at firstname.lastname@example.org. back to top
Delphi Scalper has been proven to be most successful on the 30 Minute and 1 Hour timeframes — however, it will “work” on every single timeframe on the 4 hour and below properly. The accuracy of the system may change, but you will still get all the lines, boxes, etc. that make up the Delphi Scalper system on each timeframe. back to top
“Re-Painting” is the act of checking the criteria for the arrow on every single tick. If the criteria isn’t met, then the arrow will “disappear”. This, obviously, can cause a whole lot of problems. So, our arrows are designed NOT to re-paint! If the criteria for an entry occurs at any point in the candle, then the arrow will show up, but not disappear.
This fact may cause the arrows to look “different” if you run it forward for a while, and then attach the indicator and compare them side by side. Do not worry, this isn’t a bug. When the arrows are attached, they build the “best guess” for the arrows in the past by using the closing price of the candle. It is most accurate going forward, because it builds the arrows on a tick-by-tick basis. back to top
Delphi Scalper is set up to provide a potential buy and sell order on each pair at the beginning of the trading session. So, the maximum number of trades you can take in “Easy Mode” per day is 2 per pair. In “Advanced Mode” obviously, you may be able to trade more depending on your discretion. So, if you trade 4 pairs, you have the potential for 8 trades daily. back to top
We only trade Delphi Scalper during the “hot times” of the market, highlighted with a Blue Box. This time is based off of GMT+2 time. This is the standard time for the brokers that we use. To make sure this time is correct, you MUST contact your broker and see what time THEY use. The process for conversion is quite easy:
If your broker uses GMT+5, then your broker is 3 hours ahead of the times we provide in the indicator (GMT+5 is 3 hours ahead of GMT+2). So, simply adjust your FXI+DelphiScalper indicator when attaching it to your chart. Sticking with this example, here is a screenshot of what variables I changed:
The default here is 9 and 18 (which is GMT+2 time). We need to set this to GMT+5 time, so we simply add 3 to each of the two variables highlighted. That will then look like this:
This will set the Delphi Scalper to the proper times for your broker’s time zone. back to top
We recommend only the hours of 2am to 11am EST (09:00 to 18:00 GMT+2). If you need to trade during these sessions (or would like to), then you can simply change the “hot times” to your proper session (look at the above question with the screenshots for “how to change trading timezones”)
The “Advanced Mode” support and resistance lines (from which the Yellow Lines, entries, and exits are derived) are calculated by looking at the current timeframe, and all the timeframes above it. So, naturally, if you were on the 5 minute timeframe, you would get MANY more lines than if you were on the 1 hour timeframe (considering you are then looking at the 5 minute, 15 minute, 30 minute, hourly, 4 hour, daily, and weekly charts). Because of this, the entries and exits may change based on the higher/lower timeframes. THIS IS OK! You will get tighter entries on the lower timeframes, and bigger profits on the larger timeframes. We have found the 1 hour and 30 minute charts to be the best. back to top
The arrows and the yellow lines (which dictate entry and exit price) are two completely separate things. You may get an arrow showing that the currency is pushing strong in one direction or the other, and have no price action entry lines. Or, you may have entries lines, but no arrows. The key here is to find where they cross one another (obtain an arrow, and THEN cross the yellow entry/exit lines). This is where Delphi Scalper is most profitable.
So, if you have arrows but no entry prices, or entry prices but no arrows, do not fret. When both do show up together, that is what we are looking for. back to top
On a very few number of users, there are communication problems with our servers and your computer when downloading the Delphi Scalper software. This may cause you to get a “corrupted download” error when attempting to install the Delphi Scalper indicators. We have placed the indicators on different servers to help your download process — so simply contact us at email@example.com for additional links to try. back to top
The Delphi Scalper system is designed to work on every pair on your currency platform, but we’ve found a few pairs that work “better” than others. We have found the majority of the USD based pairs to be profitable (EURUSD, USDJPY, USDCHF, GBPUSD, etc.). Try to keep an eye on the pairs that have a 5 pip spread and below, as the higher spreads may eat into your profit. But, in theory, the Delphi Scalper should work on almost every single currency pair because the technical and fundamentals are sound enough to hold strong. back to top
Delphi Scalper, in the installer, should change all of your settings for MT4 for you in order for it to work with the Delphi Scalper properly. However, some other software that you may be running may conflict with the settings. The #1 main thing is to check to see that you have DLL Imports enabled. This allows the Delphi Scalper to contact our servers. To do this:
- Open MetaTrader 4
- Click on the “Tools” menu at the top, then click “Options”
- In the dialog that comes up, click the “Expert Advisors” tab at the top
- Make sure the checkbox that says “Allow DLL Imports” is CHECKED, and the “Confirm DLL Function Calls” checkbox is NOT checked
- Click “OK”, then restart MT4.
Delphi Scalper has been designed to give you the best chances possible at a high probability and a high return. In order for a high probability trade to occur, you must have an arrow BEFORE you cross the entry yellow line. If this does not happen, Delphi Scalper will move these yellow lines to the next highest probability set and repeat the process until you get an arrow before crossing the line. This is simply to make sure that you are trading in the highest probability trades possible, and gives you extra trades if the setup fails the first time around. back to top
The Delphi Scalper system is a MANUAL system. It is designed for scalpers for high probability scalping, with a little bit of discresionary trading put “in the mix”. It is not an automatic trading system — it is very important to note this. You must place the trades as the signals come through, as they will not be placed for you. back to top
To answer this question, there needs a bit of explaining. First, you need to know where the yellow lines come from. The yellow lines are nothing more than high probability areas to trade. The yellow lines are actually created from all of the support/resistance lines that are shown to you if you put your FXI+DelphiScalper indicator on “Advanced Mode” (for more information, see “What Is The Difference Between Easy And Advanced Mode” in this FAQ).
The Delphi Scalper indicator will automatically parse all these support and resistance lines to create the yellow lines from a strict set of criteria. It will try to give you both a long order, and a short order (4 yellow lines total — two for a long and two for a short). The criteria is:
- Both the entry and exit support/resistance lines MUST be 10 pips apart
- Both the entry and exit lines MUST be within the “average daily range” (green lines on Advanced Mode)
- Both entry and exit lines must be above/below the highest/lowest point it’s reached for the day BEFORE the blue box trading time starts
Obviously, there can be times that this “strict set of criteria” used to find the yellow lines will not be met. In this case, you will see “N/A” for the entry price on the top left hand corner (or, if you are not in your blue box trading time, it will just not show the yellow lines).
So do not worry! If you do not have yellow lines, it simply means that Delphi DOES have the support/resistance lines, but the above listed criteria could not be found within these yellow lines, and we want to ONLY recommend the absolute highest probability trades. If you do not have the yellow lines for today but still would like to trade for today, you can try to use the Advanced support/resistance lines. Please read "What Is The Difference Between Easy And Advanced Mode". back to top
Each line in the bottom of the Delphi Scalper represent each separate currency. You can find out what colors belong to each currency by “hovering” your mouse over the top of the line, and it will tell you the currency name that particular color belongs to. However, as a reference, here is a breakdown of each color, and what currency it represents:
Green – USD (US Dollar)
Tan – GBP (Great British Pound)
Red- JPY (Japanese Yen)
Purple – EUR (Euro)
Yellow – NZD (New Zealand Dollar)
White – AUD (Australian Dollar)
Brown – CHF (Swiss Franc)
Blue – CAD (Canadian Dollar)