Xmaster Formula Metatrader 4 Forex Indicator
The Xmaster Formula Metatrader 4 forex indicator is a unique buy and sell signals trading tool that works well for any currency pair and timeframe.
The buy/sell win rate of Xmaster is quite good. Some traders reports over 75% winning trades.
The Xmaster Formula indicator functions best during highly volatile sessions, thus a candidate for the New York and London trading hours.
It is an indicator that pops up within a separate window as a dual colored (lime & red) dotted line together with yellow arrows that are either pointing upward or downward.
These arrows tells us when a new trend is beginning, based on their orientation.
The Xmaster Formula indicator is carefully designed to carter for scalpers and intraday traders.
Swing traders and long term traders can also benefit from this indicator.
The GBP/JPY M30 chart below displays the Xmaster Formula Metatrader 4 forex indicator in action.
Basic Trading Signals
Buy Signal: Go long when the yellow arrow of the Xmaster Formula Metatrader 4 forex indicator points upwards, with an accompanying lime colored dotted line.
Sell Signal: Go short when the yellow arrow of the Xmaster Formula Metatrader 4 forex indicator points downwards, with an accompanying red colored dotted line.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the indicator displays a yellow downward pointing arrow.
Exit sell trade: Close all sell orders if while a bearish trend is running, the indicator pops up a yellow upward pointing arrow.
Tips: Irrespective of the good trade results from the Xmaster Formula indicator, it shouldn’t be traded in isolation, but instead it should be supplemented with additional filters.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (EmailAlert, SoundAlert), width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the xmaster-formula.ex4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)