Xmaster Formula

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.

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