The Xmaster Formula MT4 indicator by Sayadi Achraf was one of the most popular trading software of 2021. Both forex novices and experienced traders enjoy the simplicity and power of this tool. I really like Xmaster Formula indicator and would like to share it with you today.
Xmaster Formula Indicator Description
Xmaster Formula is a custom trend-following mt4 indicator. It doesn’t repaint its signals. The software detects both entry and exit points for the user. All kinds of traders can take advantage of it because it is suitable for scalping, intraday and swing trading.
Learn more about the main trading strategies here
The Xmaster Formula works well on all timeframes and currency pairs. I recommend to trade on more volatile pairs with this tool. And the best time frames are M30, H1 and H4 to my mind.
Xmaster Formula MT4 indicator 2021 Overview
The indicator lays under the main chart in a separate window as an oscillator. Green and red dots indicate bullish and bearish trends accordingly. In addition to this, the changes in the price direction are marked with yellow arrows.
After the installation, your chart should look like this:
Xmaster Formula Trading Signals:
- a new yellow arrow appears on the chart and points upward;
- the dots’ color turns to green;
- open a long position and set SL below the entry level;
- exit the trade when an opposite (SELL) signal is generated.
- a new yellow arrow appears on the chart and points downward;
- the dots’ color turns to red;
- open a short position and set SL above the entry level;
- exit the trade when an opposite (BUY) signal is generated.
Examples of the trades of Xmaster Formula MT4 Indicator:
My Conclusion on Xmaster Formula
I believe this forex indicator is a perfect choice for all newbies. It is easy-to-use, while the accuracy is remarkably high: 70-75% of winning trades. Forex professionals can take advantage of this tool as well. However, they will probably add some filtering indicators like Fibonacci levels or Bollinger Bands to increase the ratio. Nevertheless, feel free to experiment with this tool, it is definitely worth your time.