![]() ![]() You can gain access to this folder by clicking the top menu options, which goes as follows:įile > Open Data Folder > MQL4 > Indicators (paste here). How to set up the Xmaster Formula indicator in MT4?ĭownload the Xmaster Formula.rar archive at the bottom of this post, unpack it, then copy and paste the Xmaster Formula.ex4 or Xmaster Formula.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc. It is crucial to know when to trade, but also when not to trade. To be a profitable trader you need to master discipline, emotions, and psychology. ![]() You can also use your own method of trade exitĪs always, to achieve good results, remember about proper money management. Take profit or exit trade when the Xmaster Formula turns green color or bullish trend arrow appears.Set stop loss above last swing high point.Open sell trade after both conditions are met.It should be followed by the downward arrow as bearish trend confirmation.The oscillator of Xmaster Formula turns red.You can also use your own method of trade exit Take profit or exit trade when the Xmaster Formula turns red color or bearish trend arrow appears.Set stop loss few pips below the last swing low point.Open buy trade after both conditions are met.It should be followed by the upward arrow as bullish trend confirmation. ![]()
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