![]() ![]() ![]() Stop-loss should be below the bullish candle with 15 pips buffer.A green dot appears after a yellow arrow pointing upside.Currency pairs: Majors (EURUSD and GBPUSD is preferable).At first, let’s have a look at elements of this trading strategy: In this section, we will see a simple trading strategy based on this indicator. How to Trade Using the Xmaster Formula Indicator? However, less frequent trades are more reliable than the most frequent trade setups. The Xmaster Forumla Indicator provides rare trade setups that might discourage traders if they want to make trading decisions based on this indicator only. However, to make the indicator more reliable, traders should implement other indicators. Therefore, it is very easy to understand for new traders. In the image, the green dot failed to create a new high and shifted to red dots, which is an indication that the bullish trend is going to end, and the bearish trend is forming. However, the key point is when these dots reverse from red to green or green to red. The green and red dots follow the market trend by moving higher high and lower lows. Therefore, it easy to understand the trading signals by watching those dots. Red dots in the indicator represent a bearish trend while the green dot represents a bullish trend. ![]() This indicator’s main concept is to identify market reversal, which is indicated by some dots. Xmaster Formula indicator is like other oscillator indicators, shown in a separate chart beside the main chart window. This indicator is suitable for intraday trading and provides the best result in M30, H1, and H4 timeframes at the London session. Moreover, this indicator is straightforward to use, and its interface is very user-friendly. Xmaster Formula is a universal Forex indicator that is usable in any timeframe and any currency pair. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |