Description of Xmaster Formula MT4 Indicator:
The dots follow the current market trend and you should read them as follows:
- The Green dots indicate an Upward movement: the market prices are on the rise.
The Red dots indicate a Downward movement: the market prices decrease.
Additionally, the indicator displays big Yellow Arrows, which are the main signals of Xmaster Formula and indicate change in the trend direction: they tell us when a new trend is beginning, based on their orientation.
Settings of Xmaster Formula MT4 indicator:
- EmailAlert: true / false → enable / disable notification on Email.
SoundAlert: true / false → enable / disable sound when you change the trend.
Signal Popup Alert Window:
When change in trend direction is detected an Alert Window pops up. This Pop-up shows the following informations:
- UP / Down ↔ Trend direction.
Buy / Sell price ↔ Current entry price.
StopLoss ↔ Stop loss level.
Currency pair ↔ EUR AUD, GBP AUD, GBP JPY etc…
X min ↔ Timeframe.
Recommendations for Xmaster Formula Indicator:
Which currency pairs to trade?
Xmaster Formula Indicator can be used with all currency pairs, but works best with major pairs specifically in trending pairs as: EURAUD, GBPAUD, GBPJPY and EURJPY.
Which Timeframe to use?
According to developers, Xmaster Formula is universal indicator. It works on all Timeframe from 1-Minute to 1-Month, but still recommended to use it with small Timeframes if you want to reduce your losses.
As you can see it is really nice and easy to use indicator. Despite the good results obtained using Xmaster Formula indicator, particularly on small Timeframes (≤ 15 minutes), it should not be used alone but it should be supplemented with additional filters. You can also apply it as an addition indicator to increase the performance of your main trading system.
Do not use Xmaster Formula Indicator on unclear trends or sideways trends → See the example below.
How to use Xmaster Formula Indicator for trading?

Buy Signal Rules:
Open a long order:
- Wait for the Yellow Arrow pointing Upwards.
- An accompanying Lime colored dotted line should appear.
- You should wait for the next candles to start. Do not be hurry to place your order immediately an arrow is displayed.
- Place the stop loss in the Previous Low following your timeframe, or as indicated on the Alert pop-up window.
Exit buy trade → Two options:
- Close all buy orders when an opposite signal is given:
- The indicator displays a Yellow Downward pointing Arrow.
- You don't have to wait for the trend confirmation.
- The best practice is to use the Support and Resistance levels to have a clear idea concerning your take profit.
Xmaster Formula Buy Signal Example:

Sell Signal Rules:
Open a short order:
- The Yellow Arrow should point Downwards.
- With an accompanying Red colored dotted line.
- You should wait for the next candles to start. Do not be hurry to place your order immediately an arrow is displayed.
- Place the stop loss in the Previous High following your timeframe, or as indicated on the Alert pop-up window.
Exit sell trade - Two options:
- Close all sell orders when an opposite signal is given:
- The indicator pops up a Yellow Upward pointing Arrow.
- Don’t wait to confirm the trend in this case.
Again the best solution is to use the Support and Resistance levels to have a clear idea concerning your take profit.
Xmaster Formula Sell Signal Example:
Xmaster Formula MT4 Indicator Free Download:
Xmaster Formula Metatrader Indicator| 8.20 Ko| 01/11/2019, 04:27
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