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HomeForex MT4 IndicatorsFx Cash Formula Indicator

Fx Cash Formula Indicator

Introduction to the Fx Cash Formula Indicator

The Fx Cash Formula is a leading forex indicator, meaning it was developed to predict upcoming price movements. It uses custom calculations to provide market entries and exits, but it is all based on a channel and a signal line. Both beginners and advanced forex traders can try that Fx Cash Formula indicator.

The Fx Cash Formula Indicator fits all kinds of timeframes and currency pairs. It is displayed in a separate window placed just below the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

How does it work? How to apply in trading?

Trading Rules Explanation

The Fx Cash Formula Indicator uses overbought\oversold calculation to generate its trading signals. In the main activity screen, you can see the signal line – the silver line in the middle, and the upper and lower bands of channel colored in green and red. Take signals only in the direction of the slope of the channel. If the channel is going upwards take only long trades. Similarly, if the channel is going downwards take only short trades.

Buy Signal

Follow these steps for a long trade:

  • The Fx Cash Formula channel should be indicating bullish trend
  • The silver signal line should go outside green band and then bounce back inside the channel
  • Buy trade is triggered after the above conditions are met
  • Set stop loss a few pips below the last low point of the market
  • Take profit or exit trade whenever the Fx Cash Formula reaches opposite band or use your own preffered method of trade exit

Sell Signal

Follow these steps for a long trade:

  • The Fx Cash Formula channel should be indicating bearish trend
  • The silver signal line should go outside red band and then bounce back inside the channel
  • Buy trade is triggered after the above conditions are met
  • Set stop loss a few pips below the last low point of the market
  • Take profit or exit trade whenever the Fx Cash Formula reaches opposite band or use your own preffered method of trade exit

As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.

How to set up the Fx Cash Formula indicator in MT4?

Installation Guide

Download the Fx Cash Formula.rar archive at the bottom of this post, unpack it, then copy and paste the Fx Cash Formula.ex4 or Fx Cash Formula.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Bottom Line

The Fx Cash Formula indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.

Download Free Forex MT4 Fx Cash Formula Indicator

To download the Fx Cash Formula Indicator for Metatrader 4 (MT4) for free just click the button below:

Fx Cash Formula Indicator Free Download

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