The Xmaster Formula Indicator is a custom buy and sell signals forex indicator that works like a charm for most currency pairs and timeframes. It was made for traders like you can become the real master of forex trading. The indicator use custom calculations secret formula based on the moving averages, MACD and RSI to generate most accurate and profitable trading signals.
This wonderful tool is suitable to use for trend trading and scalping any currency pair and on any timeframe. Even beginners can easily use that forex strategy with no further difficulties as trading signals are easy to follow. Best results Xmaster Formula indicator gives with buy/sell signals during high volatility market conditions, like London and New York trading sessions. This is the best forex indicator for many traders.
The Xmaster Formula is displayed in a separate window just below your main trading chart. It consists of green and red dots arranged in the form of waveline. They follow the current market trend and you should read them as follows: green dots indicate upward movement and red dots indicates downward movement. Additionally, this Xmaster Formula MT4 indicator shows big yellow arrows which means a change in the trend direction. Big arrows are the main signals of the forex Xmaster Formula Indicator.
As you can see, it is really simple and easy to use this indicator. It is a perfect forex indicator for an intraday scalping strategy and medium or even long term trend trading. Now you can download here free Xmaster best indicator for getting more accurate results in your charts and time frames.
How to use the Xmaster Formula Forex Indicator?
There are two schools of using Xmaster Formula. Some say despite the promising results Xmaster Formula should not be used alone, but rather to be used with additional indicators. You can apply Xmaster Formula indicator as an addition to your best trading system. You can also trade Xmaster Formula standalone and its trading rules are below.
Trading rules for BUY orders with the Xmaster Formula Metatrader 4 indicator are the following.
Buy signal of Xmaster Formula:
- Yellow arrow appears and points upwards;
- Plus mandatory dotted line turns green;
- Now open long position after first closed candle meeting above conditions;
- Set stop loss to last swing low point;
- Exit the trade / take profit at the arrival of opposite signal – when the Xmaster indicator turns red and bearish trend arrow appears.
Trading rules for SHORT orders with the Xmaster Formula forex indicator are the following.
Sell signal of Xmaster Formula:
- Yellow arrow appears and points downwards;
- Plus mandatory dotted line turns red;
- Now open short position after first closed candle meeting above conditions;
- Set stop loss to last swing high point;
- Exit the trade / take profit at the arrival of opposite signal – when the Xmaster indicator turns green and bullish trend arrow appears.
Features of the Xmaster Formula indicator
Platform: Metatrader 4 (MT4)
Currency pairs: all of them, majors recommended
Timeframes: all of them
Trading time: any, but London session recommended
No repaint: it dynamically adjusts to price action
Is Xmaster Formula MT4 Indicator a no repaint forex indicator?
Most traders is looking for information if Xmaster Formula in non repainting indicator. For those who don’t know – non repainting indicator is an forex indicator that is not changing it’s past signals. We have conducted tests on Xmaster in this matter and we have results that the indicator sometimes has a tendency to slightly corrects it’s past signals. It is not 100% accurate but it is still a great forex indicator.
How to install the Xmaster Formula indicator on your Metatrader 4 trading platform?
- Download the indicator by clicking “LINK” button at the bottom of this post.
- Copy and paste the Xmaster Formula indicator files into following folder of your Metatrader 4 platform: MQL4 > Indicators.
- You can gain access to the folders this way: File > Open Data Folder > MQL4 > Indicators (paste files here).
- Restart your Metatrader 4 Client.
- Select Chart and Timeframe where you want to test the indicator
- Browse “Custom Indicators” in your Navigator that is located on the left in your Metatrader 4 platform.
- Right click on xmaster-formula.mq4 and than click “Attach to the chart”.
- You can modify settings if you need and than click ok.
- The indicator is ready and running on the chart.
In the archives you will find following Metatrader 4 files included:
Xmaster Formula Forex Indicator for Metatrader 4 (MT4) free download.
To download the Xmaster Formula forex indicator for Metatrader 4 (MT4) for free just click the button below: