XMaster Formula MT4 Indicator is developed on base of formula that use other indicators like MA, RSI and MACD to predict market movement and initiate valid signals that leads to profitable trade. It is a combination Forex indicator so its major task is to predict market trend and scalping.
XMaster Formula MT4 Indicator:
It can be used for any currency pair for any time frame and it is convenient for every user even beginner. It is simplest and appropriate for scalping and helps to ride longer trend. The unpredictably of market is the reason behind the buy and sell signals higher the unpredictability stronger the signals.
It displays independently under the chart in the form of waves made through red and green dots showing trends move. Green dots indicate price upward movement and inversely red dots indicate price downward moves. There are also pig arrows on end of each displayed trend which indicate change in trend.
Characteristics of XMaster Formula MT4 Indicator:
Platform are: MT4,
Type: Use charted graph for presentation.
Use different colour doted pattern (green and red) and yellow arrows
Timeframe: any M1, M5, M15, M30, H5, D1 so on perfect for day to day trade.
Work for any pair of currency. (EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, EUR/GBP, GBP/JPY, EUR/JPY, AUD/JPY, USD/CHF, XAU/USD)
Trade Time: any but London session recommended
Buying and selling signals:
Buy: when Yellow colour arrow pop up and points upwards and dotted line turns green also select longer position after first closed candle
- Set stop loss at previous lowest swing
Sell: Buy: when Yellow colour arrow pop up and points downwards and dotted line turns red also select short position after first closed candle
- Set stop loss at previous highest trend swing.
Exit or take profit:
- Exit the buy trade or take profit at the extent when signals are completely opposite to signal when the indicator turns to red colour and downward trend start.
- Exit the sell trade or take profit at the extent when signals are completely opposite to signal when the indicator turns to green colour and upward trend start. forex indicators mt4
Benefits of XMaster Formula MT4 Indicator:
It is known as one of the best scalping indicators and mostly does not repaint. It helps you catch longer trends. Its signals are musch easier to understand and follow so it likely to make you one of the best traders. Its ability to analyse trend and generate valid signals make it risk free. It’s easy structure or interface make it user friendly. This Forex Trading indicator gives you high profit in real with complete take profit and stop loss signals using any currency pair for any timeframe. Signals accuracy is almost 70% and to make is more accurate combine it with other indicators and develop your own strategy.
Drawbacks of XMaster Formula MT4 Indicator:
Most of trader don’t like indicators that repaint and it is one of these. Need to practice again and again to understand trends moves. Not enough to use alone always need to combine it with other systematic indicators.