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 FormulaPlatform: Metatrader4
Currency pairs: Trend currency pairs
Trading Time: Any
Timeframe: M5 and higher
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.
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