The Forex X Code Indicator for Metatrader 4 is a complete Forex trading system that comes with entry and stop loss levels.
It’s a very popular trading indicator that’s always active in the currency market.
Traders report that the Forex X Code indicator gives very good results in volatile currency markets.
The indicator performs better on the M5 charts and above, avoid the M1 chart.
For scalping and day trading purposes, use Forex X Code on the major currency pairs in the more volatile London and American trading sessions.
Just load the Forex X Code indicator onto the Metatrader 4 chart and start trading with it in minutes.
Key Takeaways
- Complete Forex trading system.
- Stop and reverse Forex system.
- Comes with an alert system.
- Easy to follow signals.
- Fits beginners and seasoned traders.
Feel free to explore the Forex X Code indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “forex-x-code-indicator.ex4” Metatrader 4 indicator
Indicator Chart (EUR/USD M30 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Forex X Code MT4 Indicator
Buy Signal: Open a buy trade order when Forex X Code indicator paints a buy signal on the chart.
Set your stop loss below the blue colored stop loss line, or use your own favorite stop loss strategy.
Exit the buy trade for a reward/risk ratio of 1.5 or better, or wait until you get an opposite Forex X Code sell signal.
Sell Signal: Open a sell trade order when Forex X Code indicator paints a sell signal on the chart.
Set your stop loss above the red colored stop loss line, or use your own favorite stop loss strategy.
Exit the sell trade for a reward/risk ratio of 1.5 or better, or wait until you get an opposite Forex X Code buy signal.
Download This Forex Indicator Now
Download the “forex-x-code-indicator.ex4” MT4 indicator
Adjustable Parameters
Signal period, SL pips, alerts, email, Colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend signals
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
