Xmaster Formula MT4 Indicator is a signal-based indicator that clearly displays arrow signals to help traders identify BUY, SELL, and exit points.
Introduction to Xmaster Formula MT4 Indicator
Xmaster Formula MT4 Indicator Overview
The Xmaster Formula MT4 Indicator is a reliable tool for identifying overall market trends. It can be used as a standalone indicator or combined with other indicators as part of a complete trading system. To reduce market noise and improve accuracy, it is recommended to use this indicator on higher timeframes such as H1, H4, and D1.
One drawback of this indicator is that it tends to react slightly slower to price movements, which is common for indicators based on trend confirmation.
Another limitation is the lack of customization options. In fact, users cannot modify its settings, except for enabling or disabling sound and email alerts. The core formula of the Xmaster Formula Indicator is built using traditional RSI and MACD indicators.
How to Use Xmaster Formula MT4 Indicator
After installing the indicator, it will appear in Window 1 (a separate indicator sub-window below the main chart).
You will receive BUY and SELL signals displayed as arrows.
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Blue lines indicate an uptrend
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Red lines indicate a downtrend
The most effective way to use this indicator is to trade in the direction of the main trend. This means you should first identify the higher-timeframe trend, then wait for confirmation signals to enter trades.
Trading Example
For example, if the main trend is bullish:
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Wait for a price pullback (shown by red dots)
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When a BUY arrow appears and the small dots turn blue, this signals that the pullback has ended
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Enter a BUY trade
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A reasonable Stop Loss placement in this case is below the most recent swing low
Indicator Installation Guide
When installing the indicator, make sure to check “Allow DLL Imports”, then click OK to allow the indicator to load and function properly.
The customization section does not offer anything special.
