FX Max with XO strategy For MT4

FX Max with XO strategy For MT4

Table Of Contents:

  1. FX Max with XO strategy For MT4
  2. FX Max with XO strategy For MT4 – Long positions
  3. FX Max with XO strategy For MT4 – Short positions
  4. Is the FX Max with XO strategy For MT4 profitable?


Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.


The FX Max with XO strategy For MT4 is a rather poorly designed forex trading system which is a short-term scalping system for forex markets. It feels like this forex trading system has been put together with some fancy indicators that have absolutely no relevance to the trading system in itself.



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As a result, what you have with the FX Max with XO strategy is simply a private level based indicator which makes use of custom histogram indicators to go long or short in the market. Given the fact that most of the indicators used in this trading system are quite custom, there is not much of information on the background.


The FX Max with XO strategy Can be a bit interesting for use by the beginners. However, having said that, this trading system doesn't really give you any edge in the markets and therefore even beginners might I find it quite disappointing after using this trading system for a certain period of time.


There are two trading templates that comes with the FX Max with XO strategy. sadly, both these templates basically look the same with the exception that the second template adds the additional indicator which you see called the M30 XO indicator located in the third sub window of the trading terminal template.


Because this is a short term trading strategy, traders will need to basically wait for price action to touchdown to the pivot levels. However, for anyone who has been trading for a while would know, this is not the case all the time. As a result, what happens is that the trader ends up simply staring at the screens rather than looking for good trading opportunities that might come by using a more robust forex trading system.


We could recommend using this forex trading system on the 15 minute chart timeframe and up to the 30 minute chart timeframe only.


Let's now take a look at how you can trade long and short positions using FX Max with XO strategy for MT4.




FX Max with XO strategy For MT4 – Long positions




To take long positions using the FX Max with XO strategy, wait for price action to drop towards one of the intraday pivot levels. Following this, look to the indicators in the sub windows. Ideally, both the indicators should be turning green suggesting that the market is moving to the upside. Wait for at least one session where both these histogram indicators convey the same result.


Following this, you should then finally wait for the M30 XO indicator to turn above the zero line. Following this, you can then take a long position at market. Set your stop loss to the recent low from the previous session. For your take profit levels using the intraday pivot levels you can use them as the targets for your trades.


We recommend that traders should be using multiple positions in order to set there take profit levels at the different pivot levels that you see on the charts. Once your first position is reached, we highly recommend that you should move your stop loss to break even in order to remove any risk from the table.




FX Max with XO strategy For MT4 – Short positions




To take short positions using the FX Max with XO strategy, wait for price action to rise towards one of the intraday pivot levels. Following this, look to the indicators in the sub windows. Ideally, both the indicators should be turning red suggesting that the market is moving to the upside. Wait for at least one session where both these histogram indicators convey the same result.


Following this, you should then finally wait for the M30 XO indicator to turn below the zero line. Following this, you can then take a short position at market. Set your stop loss to the recent high from the previous session. For your take profit levels using the intraday pivot levels you can use them as the targets for your trades.


We recommend that traders should be using multiple positions in order to set there take profit levels at the different pivot levels that you see on the charts. Once your first position is reached, we highly recommend that you should move your stop loss to break even in order to remove any risk from the table.




Is the FX Max with XO strategy For MT4 profitable?


The FX Max with XO strategy is one of those trading systems where the developer of the forex trading strategy is absolutely lost for the choice of indicators to be used. This is a trading system that we can definitely recommend traders to certainly avoid wasting their time with. There is nothing really unique about this trading system and in essence, if you look under the hood this trading system simply is an intraday pivot trading system.


Furthermore, the choice of indicators used is simply a combination of various histogram indicators which changes color depending on the changes in the price action and depicts the trends. As a result, there is nothing quite unique that this trading system has to offer.


While there is a slight chance that this trading system might give you profits at some point in time, as far as consistency is concerned the FX Max with XO strategy cannot guarantee you long-term profits. As a result, it makes this trading strategy somewhat questionable for use as a long term trading system.


On the other hand, traders with some bit of experience can basically look at some of the indicators used in this trading system and perhaps make use of these indicators into their existing trading strategies in order to bring more conference to their trading strategies.


There are basically two templates that come with the FX Max with XO strategy and basically both of these templates are the same with the exception that you have in additional indicator that comes up on your trading screens. Besides this, there is nothing quite unique or interesting or worthwhile. As a result, we do not recommend the FX Max with XO strategy.

Download the complete system description and the files here:

FREE FX Max with XO strategy

Download the FREE FX Max with XO strategy for MT4.

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