Magic Fx Formula is a very simple and the universal indicator which can be used on any timeframe and any currency pair. According to the author Magic Fx Formula indicator highly profitable even if trade only a few hours a day.
Characteristics of Magic Fx Formula
- Platform: Metatrader4
- Currency pairs: Trend currency pairs
- Trading Time: Any
- Timeframe: M5 and higher
- Recommended broker: Alpari
Rules of trade by Magic Fx Formula
Open a Long position when indicator displays “BUY” on chart and at the same time has appeared a green circle:
Open a Short position when indicator displays “SELL” on chart and at the same time has appeared a red circle:
Stop Loss should be installed a few pips below the local minimum for Buy and a few pips above the local maximum for Sell.
Exit of position can be carried out with the appearance of the opposite signal or at achievement of Take Profit.
A small video demonstration of the indicator in real time:
In the archives Magic_Fx_Formula.rar:
- Magic Fx Formula.ex4
- Magic Fx Formula.mq4
- Magic Fx Formula.tpl
- Magic Fx Formula Manual.pdf
Free Download Magic Fx Formula