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 improved and trading signals should be more accurate now.
The indicator is beginner-friendly and its signal appears in the trading platform’s bottom chart.
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 Points
- 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 sell signal.
The sell signal issued by the xhmaster indicator yielded a profit of nearly 600 pips.
How to trade using 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.
Download
Download the “xmaster-formula-2023.ex4” indicator (MT4)
Recommendations & Information
- Works for any currency pair
- Works for any trading instrument
- Works for any time frame
- Buy/sell signals indicator
- Programmed for Metatrader 4
Indicator Inputs
Email alert, sound alert, colors, style
Feel free to experiment with the various indicator input settings and parameters to suit your preferences.
How To Install and Remove This Forex Indicator in MT4?
- Copy the xmaster-formula-2023.ex4 indicator in the Metatrader 4 indicator folder
- Restart the trading platform
- Finally, attach the indicator to a chart
- Remove the indicator by clicking with the right mouse button on the chart
- Search for the indicator list
- Remove the indicator from the list