Xmaster Formula Introduction
The Xmaster Formula 2023 Version indicator for Metatrader 4, also known as the “xhmaster”, is an improved version of the old Xmaster formula indicator, originally launched in 2013.
The buy/sell trading algorithm has been enhanced, and trading signals should be more accurate as a result.
What makes the Xmaster Formula stand out is its beginner-friendly design.
Signals are displayed clearly at the bottom of your MT4 charts, allowing even new traders to make quick decisions without needing advanced chart analysis skills.
Whether you’re looking to scalp shorter timeframes or ride longer swing trades, this upgraded tool adapts well to different trading styles while keeping your charts clean and easy to read.
How It Works
- A yellow UP pointing arrow indicates the beginning of an uptrend
- A yellow DOWN pointing arrow indicates the beginning of a downtrend
- Close and reverse the open trade when an opposite arrow gets printed on the chart
Key Features
- Complete buy/sell signals
- No-repaint indicator
- Works for any currency pair
- Works for any time frame
- Beginner-friendly indicator
Free Download
Download the “xmaster-formula-2023.ex4” indicator for MT4
Example Chart
The Xmaster Formula 2023 Version indicator is attached to the USD/JPY 15-minute chart.
The chart above shows the easy-to-follow buy and sell trading signals. The beginning of the red line indicates a sell signal, while the start of the green line is a buy signal.
The sell signal issued by the xhmaster indicator yielded a profit of nearly 600 pips.
Trading Guide for This Indicator
Buy Signal
- Open a buy trade as soon as the yellow UP arrow (green line) appears on the chart.
- Place your stop loss at the previous swing low level.
- Exit the buy trade when a sell signal appears on the chart.
Sell Signal
- Open a sell trade as soon as the yellow DOWN arrow (red line) appears on the chart.
- Place your stop loss at the previous swing high level.
- Exit the sell trade when a buy signal appears on the chart.
Indicator Limitations
While powerful, Xmaster on its own can still give false signals in choppy, sideways markets.
That’s where the MACD filtered Strategy below comes in to upgrade your results.
Download
Download the “xmaster-formula-2023.ex4” indicator (MT4)
The Xmaster Formula + MACD MT4 Trading Strategy
Why trade “good” signals when you can trade great ones?
The Xmaster Formula already spots shifts in trend with clean visual cues.
By adding a MACD with settings 12, 35, 9, you filter out noise, confirm momentum, and time entries with far more accuracy.
The result: fewer false starts, stronger follow-through, and clearer exits.
Trading Strategy Chart
What You’ll Need
- Xmaster Formula on your MT4 chart (default visuals).
- MACD (12, 35, 9) applied to the same chart.
- Any major/minor pair; recommended timeframes: M15–H4 (adapt to your style).
Trade Logic (Quick Overview)
- Direction: Xmaster provides the initial buy/sell cue.
- Confirmation: MACD validates momentum, so you only trade when thrust backs direction.
- Timing: Enter on the candle that closes with both aligned.
Buy Rules (Step-by-Step)
- Wait for a bullish Xmaster signal (green line/up).
- Confirm with MACD (12,35,9): MACD line above the signal line and histogram rising or above zero.
- (Optional but powerful) Price trades above a higher-timeframe anchor (e.g., H1/H4 200 EMA) to favor trend.
- Enter long at the close of the confirmation candle.
- Stop loss: below the most recent swing low or below a nearby structure support.
Sell Rules (Step-by-Step)
- Wait for a bearish Xmaster signal (red line/down).
- Confirm with MACD: MACD line below the signal line and histogram falling or below zero.
- (Optional) Price trades below your anchor MA to favor the broader downtrend.
- Enter short at the close of the confirmation candle.
- Stop loss: above the most recent swing high or a clear resistance.
Exits, Targets & Management
- First target: set at ~2× your risk (R:R 1:2).
- Runner/trailing: trail behind swing structure or an MA; tighten if the MACD histogram flattens or crosses to the opposite side.
- Hard exit: opposite Xmaster signal or a clean MACD cross against your trade.
Why This Strategy Works Better
- Fewer false signals: Xmaster can fire in chop; MACD confirmation blocks low-quality entries.
- Sharper timing: Waiting for the MACD line/signal cross + histogram push aligns you with active momentum, not just direction.
- Cleaner risk: With confirmation, stops can be placed tighter relative to structure, often improving overall expectancy.
- Adaptable: Works across timeframes—scalpers get fewer whipsaws, swing traders get stronger holds.
Illustrative Scenario
EUR/USD prints a bullish Xmaster cue on H1. The MACD line crosses above the signal line, and the histogram flips positive.
You go long at candle close, stop below the prior swing.
Price trends steadily; you bank a first target at 1:2 R:R and trail the rest as the histogram grows.
If momentum fades (histogram shrinks) or Xmaster flips, you lock in profits.
Pro Tips
- Avoid low-liquidity periods and high-impact news if spreads widen.
- Stick to 1–2% risk per trade. Consistency beats impulse.
- Forward-test on your preferred pairs/timeframe and fine-tune the exit style you like best.
Strategy Bottom Line
The Xmaster Formula gives you direction; MACD (12,35,9) gives you conviction.
Together they turn a good signal into a high-probability setup with clearer entries, tighter risk, and more disciplined exits—exactly what most traders need to elevate results.
Recommendations & Key Information
- Compatible with all currency pairs and trading instruments
- Works seamlessly across any timeframe (from M1 scalping to daily swing trading)
- Generates clear and reliable buy/sell signals
- Fully optimized for the MetaTrader 4 (MT4) platform
Indicator Settings
The Xmaster Formula 2023 comes with customizable options such as email alerts, sound notifications, and full control over colors and styles.
This makes it easy to adapt the indicator to your personal trading preferences.
Tip: Don’t hesitate to experiment with different input parameters until you find the setup that best fits your strategy and trading style.
Frequently Asked Questions (FAQ)
Does the Xmaster Formula 2023 repaint?
No. One of the biggest strengths of this indicator is that it does not repaint.
Once a signal is plotted, it stays fixed. This makes it reliable for both live trading and backtesting.
Which timeframes work best with Xmaster?
You can use it on any timeframe, from M15 up to Daily charts.
For scalping, M15–M30 works well; for swing trading, H1–H4 offers more consistent and larger moves.
Which currency pairs are supported?
The Xmaster Formula works on all major and minor Forex pairs.
Many traders also apply it successfully to gold, indices, and crypto charts on MT4.
Can I trade using only the Xmaster Formula?
Yes, but it’s not recommended. On its own, Xmaster provides strong signals but can still trigger false entries in sideways markets.
Pairing it with a filter like MACD, RSI, or a moving average dramatically improves performance.
Is the indicator beginner-friendly?
Absolutely. The Xmaster Formula 2023 is one of the simplest tools for new traders—the green line means buy trend, red means sell trend.
With a basic understanding of stop loss and risk-to-reward, even beginners can apply it effectively.
How do I set stop loss and take profit?
We recommend placing your stop loss just behind the nearest swing high/low.
To take profit, aim for at least 1:2 risk-to-reward or exit when Xmaster prints an opposite signal.
Does it work on prop firm challenges?
Yes. Since it works across multiple timeframes and adapts to different market conditions, traders often use Xmaster with proper risk management to pass funded account challenges.
Final Thoughts
The Xmaster Formula 2023 remains one of the most practical and user-friendly MT4 indicators for spotting clear trend shifts.
Its no-repaint signals and clean visual cues make it a reliable choice for traders who want simplicity without sacrificing accuracy.
On its own, it can already deliver consistent results—but pairing it with a powerful filter like the MACD (12, 35, 9) takes it to the next level.
By waiting for Xmaster signals to align with MACD momentum, you eliminate most false starts, sharpen your entries, and increase your odds of catching the strongest moves.
This combination blends the directional clarity of Xmaster with the momentum confirmation of MACD, giving you a complete, high-probability trading system.