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Thursday, 31 October 2019 23:29

Xmaster Formula MT4 Forex Indicator

If you are looking for a powerful and versatile tool to enhance your forex trading, you might want to check out the Xmaster Formula MT4 Forex Indicator. This indicator is designed to identify trends and reversals in the foreign exchange market, using a combination of moving averages, RSI, and MACD. It also provides clear and accurate buy and sell signals, as well as the trend direction, with color dots and arrows. The Xmaster Formula MT4 Forex Indicator is designed for MetaTrader 4 platform and can be used with any currency pair and timeframe. It has a user-friendly interface and does not repaint historical data. It can be used as a standalone indicator or in conjunction with other indicators and strategies. It can help you optimize your profitability and accuracy by giving you actionable insights and guidance. Even beginners can easily use it with no further difficulties. It is perfect for intraday scalping, medium or even long term trading. This wonderful tool shows the best results in the highly volatile pairs and during highly volatile sessions as the New York and London trading hours. In this article, you will learn how to use the Xmaster Formula MT4 Forex Indicator in your forex trading. You will discover its features, functionalities, and applications. You will also see some examples of how it works on different charts and timeframes. By the end of this article, you will have a better understanding of how the Xmaster Formula MT4 Forex Indicator can help you achieve your trading goals. The buy/sell win rate of Xmaster Formula Indicator is quite good. According to some traders, using this indicator alone can offer a winning trade rate over 75%. So don't hesitate any longer, download the indicator for free and integrate it into your trading strategy to improve your profit.

  Table Of Contents:

  • Description of Xmaster Formula MT4 Indicator:
    Recommendations for Xmaster Formula Indicator:
    How to use Xmaster Formula Indicator for trading?
    Xmaster Formula MT4 Indicator Free Download:

 

What is the Xmaster Formula MT4 Forex Indicator?

The Xmaster Formula MT4 Forex Indicator is a powerful and versatile tool that helps traders identify trends and reversals in the foreign exchange market. It uses a combination of moving averages, RSI, and MACD to generate buy and sell signals. It also displays the trend direction with color dots on a separate window.

The Xmaster Formula MT4 Forex Indicator is based on the concept of Xmaster Formula, which is a mathematical formula that calculates the optimal entry and exit points for any market condition. The formula takes into account the price action, volatility, momentum, and trend strength of the market. The indicator applies the formula to the price data and produces clear and accurate signals that can be used for trading.

  The Xmaster Formula MT4 Forex Indicator has the following features and benefits:

  • It is compatible with MetaTrader 4 platform and can be used with any currency pair and timeframe.
    It has a user-friendly interface and does not repaint historical data.
    It can be used as a standalone indicator or in conjunction with other indicators and strategies.
    It can enhance the profitability and accuracy of traders by providing actionable insights and guidance.

The Xmaster Formula MT4 Forex Indicator is one of the most popular and reliable indicators in the forex market. It has been used by thousands of traders around the world and has received positive feedback and reviews. It is suitable for both beginners and experienced traders who want to improve their trading performance and results.

In the next sections, you will learn how to install and use the Xmaster Formula MT4 Forex Indicator in your forex trading. You will also discover how to trade with the indicator, how to compare and combine it with other indicators, and some examples of how it works on different charts and timeframes.

 

Description of Xmaster Formula MT4 Indicator:

 

The indicator is displayed on separate window just below your main trading chart. It consists of green and red dots arranged in the form of wave line.

  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.

 

Description of Xmaster Formula MT4 Indicator

 

  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.

 

Settings of Xmaster Formula MT4 indicator

 

  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.

 

Xmaster Formula Signal Popup Alert Window

 

Xmaster Formula MT4 Indicator Recommendations and Best Practices:

The Xmaster Formula Indicator is a powerful and versatile tool that can help you improve your forex trading performance and results. However, to make the most out of this indicator, you need to follow some best practices and recommendations. In this section, you will learn how to use the Xmaster Formula Indicator effectively and efficiently.

  Which currency pairs to trade using Xmaster Formula Indicator?

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 with Xmaster Formula?

According to developers, Xmaster Formula is universal indicator. It works on all Time-frame from 1-Minute to 1-Month, but still recommended to use it with small Timeframes if you want to reduce your losses.

  Use the Xmaster Formula with Other Indicators to Increase the Probability of Successful Trades:

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.

The Xmaster Formula Indicator is based on a combination of moving averages, RSI, and MACD, which are all useful indicators for trend analysis. However, you can also use other indicators that can complement or enhance the Xmaster Formula Indicator, such as Parabolic SAR, Super Signals Histogram, or Three Line Break. These indicators can help you confirm the signals, filter out false signals, or identify support and resistance levels.

  Set Stop-Loss and Take-Profit Levels Based on the Last Swing High or Low:

The Xmaster Formula Indicator provides clear and accurate buy and sell signals, but it does not tell you where to place your stop-loss and take-profit orders. A good way to determine these levels is to use the last swing high or low as a reference point.

For example, if you enter a long position based on a buy signal, you can place your stop-loss below the last swing low and your take-profit below the last swing high. This way, you can protect your profits and limit your losses.

  Practice Proper Money and Risk Management to Minimize Losses and Maximize Profits:

The Xmaster Formula Indicator can help you identify profitable trading opportunities, but it cannot guarantee that every trade will be a winner. Therefore, you need to practice proper money and risk management to ensure that you can survive the inevitable losses and grow your account. Some of the money and risk management principles that you should follow are:

  • Never risk more than 1-2% of your account per trade,
  • Use a risk-reward ratio of at least 1:2,
  • Diversify your portfolio, and avoid overtrading.

The Xmaster Formula Indicator is a trend-following tool that helps traders identify and follow the direction of the market. However, it is not very effective on unclear trends or sideways trends, where the market moves in a narrow range without a clear direction as seen in the example below:

Click on the image to open the full size version!
Xmaster Formula Indicator on a Sideways Trend

  Why Traders Should Not Use The Xmaster Formula Indicator on Unclear Trends or Sideways Trends?

  • The indicator may generate false or misleading signals, as it may not be able to distinguish between a trend and a noise. "For example, the indicator may show a buy signal when the market is actually in a consolidation phase, or a sell signal when the market is about to break out of a range."
  • The indicator may lag behind the market, as it relies on historical price data to calculate the signals. This means that the indicator may not react quickly enough to the sudden changes in the market, such as breakouts, reversals, or spikes." For example, the indicator may show a sell signal when the market has already moved up significantly, or a buy signal when the market has already dropped sharply."
    The indicator may not provide enough information for traders to make informed decisions, as it only shows the trend direction and the entry and exit points. It does not show other important factors, such as the strength, duration, or quality of the trend, or the support and resistance levels, or the market volatility and momentum. "For example, the indicator may show a buy signal, but the trend may be weak, short-lived, or risky."

Therefore, traders should not use the Xmaster Formula Indicator on unclear trends or sideways trends, as it may not provide accurate, reliable, or sufficient signals for trading. Instead, traders should use other indicators or methods that can help them analyze the market conditions and identify the best trading opportunities.

For example, traders can use indicators such as Parabolic SAR, Super Signals Histogram, or Three Line Break to confirm the signals, filter out false signals, or identify support and resistance levels. Traders can also use price action, chart patterns, or candlestick patterns to determine the market sentiment and behavior. By using a combination of indicators and methods, traders can increase their chances of success in forex trading.

 

How to use Xmaster Formula Indicator for trading?

 

BUY Entry Signal

  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:

Xmaster Formula Buy Signal Rules

 

 

SELL entry Signal

  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 Sell Signal Rules

 

 

mt4 icon h2 Xmaster Formula MT4 Indicator Free Download:

 

Xmaster Formula Metatrader Indicator| 8.20 Ko| 01/11/2019, 04:27

 

Last modified on Tuesday, 12 December 2023 00:55
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