Magic FX Formula V2 Forex Indicator was developed and submitted online by magicfxformula.com. It is a magnificent indicator for the experienced and the beginners. It does not make your chart look too disorganized. It displays just the right information for the trader to do his/her trading. The chart is left clear for the trader to be able to have a clear view of what has been happening in the market.
Other than giving your chart a clean appearance, it is also a tested indicator that have shown a tremendous turnaround in terms of helping traders make profits. It is among the few indicators that can guarantee you maximum consistence profit as long as you follow its signals. In actual fact, it is designed to help those who aren’t able to make the right descriptions of whether to sell or buy.
When using this indicator, you don’t have to be restricted to any timeframe. If you are a scalper you can use the indicator on the tighter timeframes. On the other hand, if you are a long term trader, you can use this indicator to place your long term trade using the higher time frames.
The indicator incorporates an alert methodology that includes both emails and sounds. The emails are especially helpful in case you have not logged into your trading account on the Metatrader platform. In case you don’t want any of this, you just click on the charts button on the top of the chart and then click on the indicators list. You then double click on the Magic FX Formula and go to the inputs tab of the drop down box that appears. Then you can change the value segment of the AlertOn and Email to false.
How to use the Magic FX Formula V2 to place your trades
The Magic FX Formul V2 displays red and green dots. The red dots are displayed when the trend is downwards while the green dots are displayed when the trend is upwards.
As a trader, you should place a sell when there is a red arrow pointing down accompanied by a “SELL” on top of it on the top right corner. This is shown in the figure below.
Fig.1. Magic FX Formula V2 selling signal.
In order to buy there must be a green arrow pointing up on the top right corner and a “BUY” below it. This is illustrated below.
Fig.2. Magic FX Formula V2 signal for buying.
Forex Indicators Download – Instructions
Magic FX Formula V2 Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Magic FX Formula V2 Forex Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
Do the same with template file (.tpl), if there is any, at File/Open Data Folder/templates.
How to install Magic FX Formula V2 Forex Indicator.mq4?
- Download Magic FX Formula V2 Forex Indicator.mq4
- Copy Magic FX Formula V2 Forex Indicator.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Magic FX Formula V2 Forex Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Magic FX Formula V2 Forex Indicator.mq4 is available on your Chart
How to remove Magic FX Formula V2 Forex Indicator.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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Click The Link Below To Download:
Magic FX Formula V2