Introducing the xmaster formula mt4 indicator. Do you know how upsetting it feels to follow signals just about when the price move is over? If you have used indicators before, you probably know the feeling.
The cold truth is that most indicators repaint, they are unable to adapt to market changes.
Install xmaster formula in your platform, chart example;
xmaster formula meta trader 4 indicator is located below the chart, this section of the screen is called indicator window. It is a dotted line indicator with yellow arrows pointing up and down.
The dots are green when the market is temporarily bullish, red when the market is temporarily bearish.
The arrows are the ones which tell us the potential new direction of the trend.
Best features of Xmaster formula mt4 indicator
Type of Indicator – Trend Following
Trader Level – Novice and expert trader
Currency Pairs – Any pair
Trading Platform – Meta Trader 4
Customization options – Variable (EmailAlert, SoundAlert), width & Style.
Time frames – 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
When you buy, the market should be recovering from a pullback in a bullish trend, or it should be changing from a bear trend.
This means that the dots should be red, but that’s not a signal yet. The yellow arrow should appear pointing up before you execute.
Place a buy stop immediately an up yellow arrow appears.
Place the stops on areas that agree with your risk appetite, that is both the profit target and stop loss.
When you want to sell, the market should be recovering from a pullback in a bear trend, or changing from bull trend to bear.
That means the dots should be green, indicating a weak bullish move. Sell immediately when the yellow arrow appears pointing down.
Place your stops around areas where your risk appetite agrees, that is the stop loss and profit target.
The xmaster formula indicator quite a beast, with traders rating it’s success rate over 70%. It caters to both swing traders and scalpers.
Install the indicator in your platform in this manner – File > Open Data Folder > MQL4 > Indicators (paste here)