P4L Forex World Clock is a MT4 (Metatrader 4) indicator that displays the local times for cities around the world + currency pair information.
It displays the local times for Sydney, Tokyo, China, Berlin, London, UTC/GMT, and New York.
Currency pair information: spread, price, volume, range, and ADR.
The indicator gets displayed in the main MT4 chart window in the lower left corner.
The indicator itself does not provide any buy or sell signals.
The indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..) and time frames.
Free Download
Download the “P4L Clock.mq4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The picture below shows the P4L Forex World Clock mt4 indicator in action on the trading chart.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Time
Does the indicator repaint? No.
Global Timing XMaster Formula MT4 Forex Strategy
The Global Timing XMaster MT4 Forex Strategy combines the precision of the P4L Forex World Clock Indicator with the accuracy of the XMaster Formula Indicator.
This system is designed for traders who value timing as much as signal reliability.
By aligning market sessions with verified signal triggers, traders can identify high-probability trades during peak volatility hours.
The strategy works across all time frames, but it performs best on the M15 to H1 charts where the timing of market sessions directly affects price action.
It’s ideal for day traders and swing traders who prefer clean setups without noise or repainting signals.
The main concept is simple — trade XMaster Formula’s yellow arrows only when the major market for the pair is active according to the P4L World Clock.
Why This Strategy Works
Markets tend to move the strongest when their home sessions are open — for example, GBP pairs during the London session, or USD pairs during the New York session.
The P4L Forex World Clock clearly shows which sessions are active, allowing traders to focus only on the relevant time zones.
Combined with XMaster Formula’s clear up and down arrows, this setup helps avoid false signals and improves trade accuracy significantly.
Buy Entry Rules
- Wait for a yellow UP arrow from the XMaster Formula indicator.
- Check on the P4L Forex World Clock that the main session for the pair is active (for example, trade GBP/USD during London or New York hours).
- Enter a buy position at the close of the candle where the arrow appears.
- Place a stop loss below the most recent swing low or 25 pips, whichever is greater.
- Set a take profit target of 40–60 pips, or close when the opposite arrow appears.
Sell Entry Rules
- Wait for a yellow DOWN arrow from the XMaster Formula indicator.
- Confirm that the main session for the currency pair is open (e.g., trade EUR/JPY during the European session).
- Enter a sell position at the close of the arrow candle.
- Set a stop loss above the last swing high or 25 pips, whichever is greater.
- Take profit at 40–60 pips, or exit when an opposite signal appears.
Advantages
- Combines timing precision with signal accuracy.
- Works on all major pairs and multiple time frames.
- Clear and easy-to-follow arrow signals.
- Helps avoid false entries outside of active sessions.
Drawbacks
- Signals may appear during overlapping sessions, requiring discretion.
- Best performance only during active trading hours.
- May require manual confirmation for ranging markets.
Case Study 1 – EUR/USD (London Session, M15 Time Frame)
During the London open, the P4L Forex World Clock indicated the start of active European trading.
On the 15-minute chart, a yellow UP arrow appeared on EUR/USD at 1.0785.
The buy was taken with a stop loss of 25 pips and a target of 50 pips.
As volatility increased, the pair climbed steadily to 1.0835 within two hours, hitting the target with a gain of +50 pips.
The setup aligned perfectly with both the session timing and the directional momentum shown by XMaster Formula.
Case Study 2 – GBP/JPY (Tokyo Session, H1 Time Frame)
At the start of the Tokyo session, the P4L World Clock confirmed that the Japanese market was active.
On the 1-hour chart, a yellow DOWN arrow appeared on GBP/JPY around 186.25.
The sell trade was taken with a 30-pip stop and 60-pip target.
During the next three hours, GBP/JPY declined steadily as yen strength increased, reaching 185.65 for a +60 pip profit.
This trade demonstrated how matching session activity with the signal direction helps capture early trend movements.
Strategy Tips
- Focus on major pairs that are active during their main session to increase accuracy.
- Avoid trading during low-volume crossover periods between sessions.
- For best results, confirm trend direction on a higher time frame before entering trades.
- Adjust targets based on volatility — higher during London and New York, lower in Asian hours.
- Always close trades before major news events to protect profits.
By combining the session-awareness of the P4L Forex World Clock Indicator with the precision of the XMaster Formula Indicator, traders can time their entries with confidence and trade only when market momentum is truly in play.
