The X Xardfx 38 indicator (MT4) is a popular trading system that provides scalping and day trading signals for any currency pair.
This indicator appears in the main trading chart and consists of a buy/sell mini dashboard and a trading channel that provides the exit price.
The X Xardfx 38 Forex indicator can be fully modified directly from the indicator’s input tab..
Key Features
- Multi-timeframe Trend Alignment: Easily view the dominant trend from higher timeframes with built-in MA ribbons and visual cues.
- Dynamic Support and Resistance Zones: Highlighted areas indicate potential bounce or reversal points, perfect for entries and exits.
- Triangle and Arrow Signals: Visual confirmation tools that help you identify market pressure shifts and breakout zones.
- Customizable Interface: Adjust colors, layout, and visibility to match your preferred trading style.
This indicator can work together with any existing trading strategy or system as a simple trend confirmation technical tool.
Why Forex Traders Use It
The X-XardFX 38 system is known for improving consistency and eliminating guesswork.
Many traders use it to replace multiple indicators with one powerful toolkit.
It’s especially effective for those who prefer visual confirmation over traditional lagging indicators.
Free Download
Download the “x-xardfx-38.mq4” MT4 indicator
Indicator Chart
The EUR/USD 5-minute chart below shows the X Xardfx 38 trading system indicator in action.
Simple Trading Signals
Signals from the X Xardfx 38 indicator for Metatrader 4 are easy to interpret and go as follows:
BUY:
- Open a buy trade when the green buy signal circle appears on the chart.
- Place your stop loss below the white lower channel line.
- Take profit at the white upper channel line.
SELL:
- Open a sell trade when the red sell signal circle appears on the chart.
- Place your stop loss above the white upper channel line.
- Take profit at the white lower channel line.
Download Now
Download the “x-xardfx-38.mq4” MT4 indicator
Advanced Filtered X-XardFX 38 Trading System For Metatrader 4
This strategy combines the structured trend-based signals of the X-XardFX 38 Forex System Indicator with the precise reversal alerts from the WPR Overbought Oversold Arrow Signals Indicator.
It helps identify early reversal points within the overall trend, making it ideal for both trend continuation and countertrend scalping.
Strategy Setup
- Indicator 1: X-XardFX 38 (Trend framework with support/resistance and moving average zones)
- Indicator 2: WPR Overbought/Oversold (Arrow signals for potential exhaustion points)
- Timeframes: M15, M30, H1
- Pairs: EURUSD, GBPUSD, USDJPY, gold, and indices
Buy Entry Conditions
- The overall trend on the X-XardFX 38 system is bullish (price above major MA zone or highlighted support level).
- The WPR Overbought/Oversold Indicator prints a green arrow from an oversold level (typically below -80).
- Enter a Buy trade at the close of the arrow signal candle.
- Stop Loss goes below the recent swing low or below the blue zone/support line.
- Take Profit at 2x the Stop Loss or near a previous resistance area marked by the system.
Sell Entry Conditions
- The X-XardFX 38 trend context is bearish (price below the major MA zone or resistance area).
- The WPR Overbought/Oversold prints a red arrow from an overbought level (typically above -20).
- Enter a Sell trade on the candle close where the signal appears.
- Place the Stop Loss above the recent high or the resistance band.
- Take Profit at 2x the Stop Loss or as price approaches the next support zone.
Why This Strategy Works
The X-XardFX 38 System filters the overall trend and structure, while the WPR indicator pinpoints temporary exhaustion zones with clear arrow signals.
By combining trend bias with accurate reversals, this method helps avoid low-quality trades and improves entry timing dramatically.
Adjustable Indicator Parameters & Settings
Update every second, auto refresh, clean chart, colors, alerts on, alerts message, alerts sound, alerts notify, alerts email
Technical Info
Supported currency pairs: Any
Trading Platform: Metatrader 4 (MT4)
Time Frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: System
Final Thoughts
The X XardFX 38 Forex System Indicator for MetaTrader 4 is a comprehensive trading tool designed to assist scalpers and day traders in identifying high-probability entry and exit points across various currency pairs.
By integrating a buy/sell mini dashboard and a dynamic trading channel, it offers a clear visual representation of market conditions, facilitating quick decision-making.
This indicator is particularly effective when combined with other tools, such as the WPR Overbought/Oversold Indicator, to confirm trend direction and enhance signal accuracy.
