You can now download the Xmaster Formula MT4 Forex Indicator for free on AtoZ Markets indicators gallery.
The Xmaster Formula Indicator is a custom buy and sell signals forex indicator that works for most currency pairs and timeframes. It was made for traders like you can become the real master of forex trading. The indicator uses custom calculations secret formula based on the moving averages, MACD and RSI to generate the most accurate and profitable trading signals.
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 price movement and red dots indicate downward price 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.
How to trade with Xmaster Formula MT4 Forex Indicator
Trading rules for BUY orders with the Xmaster Formula Metatrader 4 indicator are the following.
Buy signal of Xmaster Formula indicator:
- Yellow color arrow appears and points upwards;
- Plus mandatory dotted line turns green color;
- 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 color and bearish trend arrow appears.
Trading rules for SHORT orders with the Xmaster Formula forex indicator are the following.
Sell signal of Xmaster Formula indicator:
- Yellow color arrow appears and points downwards;
- Plus mandatory dotted line turns red color;
- 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 color and bullish trend arrow appears.
How to download and install an indicator
In order to install the indicator on your MT4 platform, you need to follow these steps:
- Click on the “Download Indicator” button located at the bottom of the screen.
- Save the file to your computer.
- Extract and move the files into the MT5>Indicator folder of the MetaTrader4 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select the “Xmaster Formula MT4 Forex Indicator” template to apply it on the chart.
Note: This indicator was developed by a third party. AtoZ Markets does not carry any copyrights over this trading tool.