FX Max with XO is a very simple trend following strategy, this strategy produces signal based on XO indicator that filtered by FX Max as a slow trend indicator, this system uses a few indicators which make it is welcomed by newbie traders who don’t want to bother with dozens of indicators in a single chart and believes in simplicity of trading system.The main purpose of this strategy is to have an efficient system based on a few clear signals.
This strategy is also famous for its simple and clean look which gives trader a better relaxing environment while trading. Match for any currency pair with M5 to H1 of timeframe.
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| FX Max with XO strategy MT4 |
INDICATORS
XO Arrow
It appears above or below the candlestick price bar to generates signal the possible trade entries.
PivotsD
It shows the current pivot levels to assist trader to identify current support and resistance levels.
FX MAX
FX MAX is a trend strength meter indicator consists of green and red stripes, the green one means the continuation of current trend and red indicates there is no current valid trend
XO MTF
It is a trend identifying tool. If its parameter above zero indicates current trend is bullish and below zero level is identified as bearish trend.
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| FX Max with XO strategy MT4 Indicators |
RULE of FX Max with XO strategy MT4
BUY Entry
- FX MAX green bar.
- XO MTF alerts aqua dot.
- Precision trend green bar.
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| FX Max with XO in Buy Condition |
SELL Entry
- FX MAX red bar.
- XO MTF alerts red dot.
- Precision trend red bar.
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| FX Max with XO in Sell Condition |
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