The Xmaster Formula is a user-friendly trend indicator for the foreign exchange market (Forex) that identifies the start and end of a trend. Suitable for various trading styles, it is a valuable tool for technical analysis in Forex trading.
XMaster Formula EA also available.
Compatible with the widely-used MetaTrader 4 platform, the Xmaster Formula indicator can be easily installed to analyze price movements for any currency pair. It relies on a mix of three moving averages with different periods and price action analysis to produce buy and sell signals. These signals appear as arrows on the chart.
The Xmaster Formula’s simplicity makes it accessible for traders at all skill levels, including beginners. Its clear signals offer an uncomplicated method for spotting trading opportunities in the market.
By using objective technical analysis criteria, the Xmaster Formula MT4 indicator helps traders avoid emotional decision-making. This approach reduces the need for subjective market assessments.
Applicable for scalping, intraday trading, and medium to long-term trading, the Xmaster Formula works best with currency pairs that exhibit more pronounced trends. It uses red dots to signify a downtrend and green dots for an uptrend, with arrows indicating a trend change.
The indicator also provides notifications for trend changes via email and sound alerts. Users can enable or disable these alerts by adjusting the EmailAlert and SoundAlert settings to true or false, respectively.
In summary, the Xmaster Formula MT4 indicator is a powerful yet easy-to-use technical analysis tool for Forex traders. With customizable features and clear, accurate signals, it is an invaluable resource for identifying trading opportunities in the Forex market and avoid emotional trading decisions. The Xmaster Formula indicator can be used both as a filter and as the main source of Forex strategy signals. It is recommended to trade using indicator signals on a lower timeframe, but following the main trend of a higher timeframe.
Features of Xmaster Formula MT4 indicator
- Platform: Metatrader 4
- Ability to change settings: No
- Timeframe: any from 1 Minute to Daily
- Currency pairs: any
In Xmaster-Formula.zip file you will find:
- Xmaster-Formula.ex4
Download Xmaster Formula MT4 indicator for free:
If you would like to automate trading with Xmaster Formula indicator, you may consider using XMaster Formula Expert Advisor for MT4, which is available on dadforex.com.
