The XMASTER Formula indicator for Metatrader 5 is an extremely popular trading tool, offering precise buy and sell signals for any Forex pair.
The indicator displays a non-repainting green and red colored signal line in a dedicated chart window.
The trading signals offered by this indicator are user-friendly, particularly suitable for beginners.
Using the XMASTER Formula indicator on MT5 is straightforward with the following guidelines:
- The green colored signal line provides a buy trade opportunity.
- The red colored signal line generates a sell trade opportunity.
The indicator offers the following customizable inputs and parameters: xmaster trading period, number of bars to analyze, and colors.
A useful tip is to adjust the default XMaster period to 100, as doing so can enhance the reliability of the trading signals significantly.
Traders who engage in scalping and day trading activities can especially benefit from using this tool during the most volatile trading hours, particularly on low spread currency pairs.
It is always wise to first test the XMASTER Formula indicator on a demo account before applying it to a real trading account.
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Xmaster-Formula.mq5 Indicator (MT5)
Xmaster Formula Indicator for Metatrader 4
Trading Chart EURUSD M5
The image below shows what the XMASTER Formula indicator looks like when applied to the MT5 charting platform.
How To Buy And Sell Forex Pairs With The XMASTER Formula Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is given when the green colored signal line is displayed on the chart.
- Open a buy market order and place your stop loss below the most recent swing low level.
- Reverse the buy position promptly when the red colored signal line appears on the chart.
- Alternatively, exit the buy position for a fixed take profit target that suits your trading style.
Sell Signal
- A sell signal is given when the red colored signal line is displayed on the chart.
- Open a sell market order and place your stop loss above the most recent swing high level.
- Reverse the sell position promptly when the green colored signal reversal line appears on the chart.
- Alternatively, exit the sell position for a fixed take profit target that suits your trading style.
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Xmaster-Formula.mq5 Indicator (MT5)
Breakout Trend MT5 Strategy Using Xmaster Formula + Trend Breakout Indicator
This strategy combines the early trend detection power of the Xmaster Formula Indicator with the directional confirmation from the Forex Trend Breakout Buy Sell Indicator.
It helps traders catch momentum breakouts that align with the broader trend for higher accuracy and lower risk.
Strategy Objective
The Xmaster Formula detects strong trend shifts and gives clear buy/sell alerts, while the Trend Breakout Indicator confirms breakout direction and potential continuation zones.
This combination is ideal for swing and intraday traders looking to enter at the start of trending moves.
Buy Trade Setup
- Wait for the Xmaster Formula to print a Buy arrow or bullish signal.
- Confirm that the Trend Breakout Indicator shows a bullish breakout or price is trading above the breakout level.
- Enter a buy trade at the close of the breakout candle or after a small retracement.
- Set stop-loss just below the breakout level or recent swing low.
- Target the next resistance level or set a 1:2 or 1:3 risk/reward ratio.
Sell Trade Setup
- Wait for the Xmaster Formula to show a Sell arrow or bearish trend signal.
- Ensure the Trend Breakout Indicator confirms a bearish breakout or shows price trading below the breakout line.
- Enter the trade as the breakout is confirmed or on a minor pullback.
- Place your stop-loss just above the breakout zone or recent swing high.
- Take profit at the next support zone or use a fixed reward ratio (2x risk).
Tips for Best Results
- Recommended timeframes: M15, M30, or H1.
- Use during high liquidity sessions like London or New York open for stronger breakouts.
- Avoid entries near major news events unless confirmed with wide breakout candles.
By using the Xmaster Formula as a trend filter and the Trend Breakout Indicator for precise breakout entries, this strategy gives traders a clear edge in timing high-probability moves.
Always test with a demo account before going live.
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Xmaster-Formula.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
