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Xmaster Formula 2023 Version (MT4)

    The Xmaster Formula 2023 Version indicator for Metatrader 4 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 appear in a bottom chart of the trading platform.

    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 attached to the USD/JPY 15-minute chart.

    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
    • Simply remove the indicator by clicking with the right mouse button in the chart
    • Search for indicator list
    • Remove the indicator from the list