FX Max with XO strategy MT4 is a 100% trend following strategy which is most welcomed by newbie traders who don’t want to bother with dozens of indicators in a single chart and believes in simplicity of trading windows. This strategy is suitable to apply in any timeframe chart in between five minutes to one-hour and very much suitable to newbie trend following traders.
FX Max with XO strategy comes with only three trend following tools and a single trade signal indicator which states the current trend direction with pivot levels and possible entry areas in a very simple manner. This strategy is also famous for its simple and clean look which gives trader a better relaxing environment while trading.
FX Max with XO strategy Overview:
After you finish installing this strategy, your chart will look alike the following image:
|Time Frame||Currency Pairs||Indicator Factors||Ratings|
|M5 to H1||Any||4||9.6/10|
FX Max with XO strategy Anatomy:
- XO Arrow: This is a trade signal indicator and it appears above or below the signaling price bar to signal the possible trade entries.
- PivotsD: It shows the current pivot levels to assist you to identify current support and resistance levels.
- FX Max: FX MAX is a trend strength indicator. It is green means the continuation of current trend and red signals there is no current valid trend
- XO MTF: it is a trend identifying tool. It’s 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: Buy Parameters
- XO Arrow appears below the signaling price bar
- Price is supported by PivotD levels
- FX Max is green
- XO MTF is above zero level
- Take profit when XO Arrow appears above the price bar/FX Max turns red/XO Arrow turns negative
FX Max with XO strategy: Sell Parameters
- XO Arrow appears above the signaling price bar
- Price is resisted by PivotD levels
- FX Max is green
- XO MTF is below zero level
- Take profit when XO Arrow appears below the price bar/FX Max turns red/XO Arrow turns positive