X SPEED Trading System - MT4 software on the old template
X SPEED MT4 Trading System is like two drops of water similar to other trading systems that you can find on the pages of this site. And the difference will be only external at first glance, but there are also individual features. Of course, this system is 100% non-recolorable, easy to use and suitable for any style of trading. But its effectiveness will directly depend on your trading experience, additional filters and competent Money Management - where without it.
Characteristics of the X SPEED Trading System
- Platform: Metatrader4
- Currency pairs: Any currency pairs, recommended Major
- Trading Time: Any, recommended London and New York trading sessions
- Time Frame: Any
- Recommended broker: Roboforex, XM, FTMO
Trading rules
X-SPEED Trading System consists of 3 indicators:
- Entry Indicator - White / Red dots
- Oscillator - Trend Confirmation
- Additional Confirmation - CS Dashboard
When entering the market, we will be guided only by the first two indicators. The third is only of a general informative and design nature and does not affect the quality of the signals in any way.
As you might have guessed, to enter we need a match between the readings of two indicators.
BUY Signal:
- White dot
- Strong white oscillator
SELL Signal:
- Red dot
- Strong red oscillator
And only under such conditions and nothing else! Since the author proposes to consider entries when the oscillator has other colors and calls such signals "Moderate" (you can find this in the Manual). But I strongly do not recommend considering such signals to enter the market. Please limit yourself to the red and white colors of the oscillator and your money will be safer.
More clearly, the system is presented in this video:
XSPEED has two templates for placing the system on a chart:
- XSPEED RISK MODE ONE - has balanced and stable signals with moderate risk. Suitable for day trading or swing
- XSPEED RISK MODE TWO - has more risky aggressive signals and is more suitable for scalping
As for Stop Loss and Take Profit, everything is simple and usual:
Stop Loss - set at the previous price high (for Sell) / low (for Buy).
Take Profit = 2*Stop Loss.
In addition, as trading targets, you can also use:
- Support/resistance levels
- Round numbers
- Demand/supply levels
Of course, you should not consider X Speed as a high-quality and profitable trading tool. This system needs additional filters, competent Money Management and preliminary training on a demo account.
In the archive XspeedMT4_and_bonus.rar (1.77 MB):
- XSPEEDCSDash.ex4
- XSpeedDash.ex4
- XSPEEDEntry.ex4
- XSPEEDEntry2.ex4
- XSPEEDTREND-METTER1.ex4
- XSPEED - RISK MODE ONE.tpl
- XSPEED - RISK MODE TWO.tpl
- XSPEED - System Manual.pdf
- Bonus - XSpeedPinbar.ex4
- XSpeed Pinbar - User Manual.pdf
Free Download X-SPEED
