In this post I will be reviewing the X Trend Premium indicator which analyses the forex market in real time to deliver trading signals and alerts to the user.
This particular trading indicator runs in the ever popular MetaTrader 4 (MT4) trading platform which is free to download and use from most online forex brokers.
With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
I would always look to open a trading account with an ECN forex broker as I find that they tend to have some of the lowest spreads and commissions along with plenty of liquidity for superior trade execution speeds with minimal slippage. These factors can save on trading costs in the long term and effect the performance of a trading system.
X Trend Premium can be used by beginner, intermediate and advanced traders. It includes easy to follow instructions and is very easy to interpret the trading signals that the indicator produces.
X Trend Premium Trading Strategy
The X Trend Premium indicator uses a unique trading algorithm with an adaptive algorithm that works in real time.
The indicator aims to pick only the highest probability trading signals and has built-in filters in order to try and avoid unsuitable market conditions.
You can use the X Trend Premium indicator as standalone signal provider or you can conduct your own additional technical, fundamental, price action and sentiment analysis to further filter the trades.
You don’t have to be around your computer all day waiting for the signals as X Trend Premium can notify you when if finds a buy or sell signal via SMS, email and platform pop-ups.
The X Trend Premium indicator can be used on any FX currency pair or any other trading instruments that your MT4 broker provides which can include cryptocurrencies, commodities, stocks, indices, precious metals, energies, etc.
I usually like to trade the major currency pairs including the EURUSD and GBPUSD as I find that they tend to have some of the lowest spreads and also the most liquid which gives me a chance to catch some big moves.
The X Trend Premium indicator can be applied to charts of any time frame from the 1 minute all the way through to the 1-month charts. The chart you use may depend on the time that you have available in your schedule to dedicate to trading. It may also depend on whether you are using a scalping strategy, day trading or swing trading.
X Trend Premium can easily be adapted to suit your preferred manual trading style. I would personally use the higher chart time frames as they require less time whilst I find that they do a decent job of filtering out potential noise and choppy markets that can occur with lower time frames.
X Trend Premium Summary
Overall, the X Trend Premium indicator has potential provided the user implements good money management principles and has strong trading discipline without letting emotions such as fear, anger and greed creep in.
I would personally trade it on the 1-hour charts and above on the most liquid currency pairs. Furthermore, I would only take the signals it generates that give me at least a risk to reward ratio of 1:3. There is nothing more frustrating than 1 losing trade wiping out multiple winners.
The X Trend Premium indicator comes with instruction manual, support, updates and a money back guarantee.