Xmaster Formula Indicator was made for traders like you can become real master of forex. This wonderful tool is suitable to use for trading any currency pair on any timeframe. Even beginners can easily use it with no further difficulties.
The indicator is displayed on separate window just below your main trading chart. It consists of green and red dots arranged in the form of waveline. They follow current market trend and you should read them as follows: green dots indicates upward movement and red dots indicates downward movement. Additionality the indicator shows big yellow arrows which means change in the trend direction. Big arrows are main signals of Xmaster Formula.
As you can see it is really nice and easy to use this indicator. It is perfect for intraday scalping and medium or even long term trading.
Long Signal: Open buy order after first closed candle when the Xmaster Formula indicator yellow arrow appears and points upwards, plus mandatory an accompanying green colored dotted line.
Short Signal: Open short order after first closed candle when the Xmaster Formula forex indicator yellow arrow appears and points downwards, plus mandatory an accompanying red colored dotted line.
Exit trades: Close your orders when you see opposite signal generated. For example: if you have buy order opened, close it when you see Xmaster Formula arrow pointing down and candle closed.
Features of Xmaster Formula Indicator
Platform: Metatrader 4
Currency pairs: all of them, majors recommended
Timeframes: all of them
Trading time: any, but London session recommended