XMAT Forex Indicator is great trading indicator that works just exceptionally well. It is suitable for all major currency pairs and timeframes. It can be used both for scalping and swing trading. Trading signals are extremely clear and they are generated by displaying red and green circle dots below main chart.
Trading rules with XMAT Forex Indicator?
- You Enter Short when red circle appears
- You Enter Long when green circle appears
- You place your SL on the previous Low/High depending on your timeframe. You can use support resistance to have an additional idea about SL
- Take Profit: If you entered Long your take profit#1 is when blue line hits 50. In this case if the blue line goes up to 50 you maintain your position (the market goes in your direction but make in mind that if blue line returns to 50 that means you should think to exit). If you entered Short your take profit#1 is when blue line hits 50. In this case if the blue line goes down to 50 you maintain your position (the market goes in your direction but make in mind that if blue line returns to 50 that means you should think to exit).
In the archives you will find following files:
- xmatforex.ex4
- xmatforex.dll
- xmttrap.dll
- XMAT Forex.tpl
- XMAT Forex Manual.pdf
