X Trend Premium Review: A Comprehensive Look at This Forex Trading Indicator
Forex trading can be an intimidating endeavor for beginners with its complex charts, technical indicators, and constant market volatility. However, with the right tools and education, anyone can learn to trade forex successfully. One such tool is the X Trend Premium trading indicator, which aims to make forex trading simpler and more profitable.
In this comprehensive review, we will take an in-depth look at how X Trend Premium works, its features and benefits, pricing, and ultimately help you determine if it is worth investing in for your forex trading needs.
Overview of X Trend Premium
X Trend Premium is a technical indicator for the MetaTrader 4 (MT4) trading platform designed to provide high probability trading signals. It utilizes an advanced algorithm that analyzes current market conditions in real-time and identifies potentially profitable trade entry and exit points.
The indicator is designed to be versatile enough for all trading styles and timeframes. Whether you are a scalper looking for quick profits on short timeframes or a swing trader looking to hold positions for days to weeks, X Trend Premium can purportedly accommodate your preferences.
X Trend Premium was created by Karl Dittmann, a seasoned forex trader, educator and product developer. According to the sales page, Dittmann earned millions trading forex after years of trial and error as a beginner. Motivated to help other struggling traders, he designed X Trend Premium to make forex trading more accurate, easy and profitable.
Now let’s look at the key features and benefits of this trading indicator.
Features and Benefits
Advanced Real-Time Algorithm
The core of the X Trend Premium indicator is the adaptive algorithm that analyzes current market conditions to detect high-probability trading opportunities. It is constantly scanning the market and will notify you of trading signals in real-time via pop-up, email or phone alerts.
This allows you to catch trading opportunities as they arise without having to stare at charts all day. No more missing profitable trades or entering too late.
Three Trading Modes
A standout feature of X Trend Premium is the three trading modes catered towards different risk appetites. You can choose between:
- Conservative Mode – Focuses on high probability trades with a lower risk to reward ratio. Ideal for beginner traders.
- Medium Mode – Balances risk vs reward for steady profits. Great for experienced traders.
- Aggressive Mode – Aims for bigger wins with increased risk. For seasoned traders with higher risk tolerance.
This flexibility allows the indicator to be tailored to your personal trading style.
Despite its sophistication under the hood, X Trend Premium sports an intuitive user interface. The trading signals are displayed as easy-to-interpret arrow indicators on your chart.
The indicator also comes with a step-by-step user guide that walks you through the installation, configuration and usage. Even trading novices should have no issues getting up and running quickly.
While the default settings are designed to work well across different markets and timeframes, you still have the option to tweak parameters for greater precision.
You can optimize settings like the risk-reward ratio, indicator sensitivity, signal frequency and more. This allows seasoned traders to fine tune the indicator to their unique trading system.
Works Across All Markets
A common limitation of trading tools is that they only work for specific currency pairs or markets. However, X Trend Premium is market-agnostic.
The indicator can be used to trade all forex currency pairs, cryptocurrencies, stocks, commodities, indices, and more. No limitations on what you can apply it to.
This versatility ensures you are never restricted on market opportunities.
Free Lifetime Updates
The developers behind X Trend Premium are continually tweaking and improving the underlying algorithm through rigorous testing and optimization.
As a user, you get to benefit from these enhancements for free through lifetime updates. No need to pay for new versions.
Regular improvements make the tool even more accurate at detecting winning trades over time.
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How Does it Work?
Now that we’ve covered the key features, let’s take a look under the hood at how strategy generates trading signals:
Step 1: The adaptive algorithm analyzes current market conditions and price action in real-time, taking into account values like price, volume, volatility, and momentum.
Step 2: The algorithm identifies trading opportunities based on parameters set for conditions like overbought/oversold, divergences, chart patterns and more.
Step 3: The indicator displays arrows directly on your chart to alert you of potential trades. Up arrows for buy signals, down arrows for sell signals.
Step 4: You receive additional alerts via popup, email or phone notification so you never miss a signal.
Step 5: Determine your trade entry, stop loss and take profit levels based on the data and your risk management rules.
Step 6: Execute your trades accordingly when the market reaches your price levels.
As you can see, the indicator does the heavy lifting of analyzing market conditions and identifying trades. All you have to do is follow the signals generated and manage your trade based on your strategy.
This makes trading much simpler and eliminates the complex analysis that most traders struggle with.
Using X Trend Premium
Since X Trend Premium is designed for the MT4 platform, the first step is ensuring you have an MT4 trading account with a compatible broker. Some top recommended brokers include Exness, IC Markets, and AvaTrade.
Once installed on MT4, attach X Trend Premium to any currency pair or instrument chart you want to trade. Make sure your chart timeframe also matches your trading style.
From there, the usage process is simple:
- X Trend Premium constantly scans the charts and alerts you whenever a new trading signal emerges.
- Use your own strategy rules to confirm the signal is valid. For example, look for supporting price action patterns or indicators.
- Determine your entry price, stop loss level and take profit targets.
- Execute the trade when market reaches your entry price.
- Manage the exit based on your take profit targets or stop loss rules.
- Book your profits and look for the next signal!
The indicator is easy to use even for beginner traders. At the same time, seasoned traders can incorporate it into their existing trading system and benefit from the additional confirmation.
Make sure to start with small position sizes and conservative risk management until you get comfortable using the indicator and interpreting the signals.
Who Is X Trend Premium For?
A common question is what type of trader is X Trend Premium best suited for?
The indicator is versatile enough for forex traders of all skill levels:
- Beginners – The visual signals and step-by-step user guide makes it easy for novice traders to get started. No prior experience required.
- Experienced traders – The tool can serve as an additional signal confirmation. The customization options also allow optimizing it for your system.
- Scalpers – The ability to trade any timeframe makes it suitable for scalpers seeking quick profits on short timeframes.
- Swing traders – Swing traders can use it to catch trend reversals and breakouts on mid-range timeframes like the 4H and daily.
- Manual traders – X Trend Premium is ideal for traders who prefer manual execution vs automated trading.
- System traders – Incorporate the signals into your own trading system for greater precision and profitability.
As you can see, almost any forex trader from beginner to advanced can benefit from using this strategy. The flexibility is outstanding.
Pros and Cons
Let’s summarize the main pros and cons of the X Trend Premium indicator:
- Advanced real-time algorithm provides accurate signals
- Three trading modes to match risk preferences
- User-friendly interface easy to operate
- Fully customizable parameters
- Works across all currency pairs and timeframes
- Free lifetime updates to the system
- Suitable for all trader skill levels
- Comes with step-by-step user guide
- 60-day money back guarantee
- Requires MT4 trading platform
- More effective with manual trade execution
- Needs some customization to suit system
- Not a standalone “get rich quick” solution
As you can see, the pros seem to heavily outweigh the cons, provided you are willing to put in the time and effort to learn the tool properly.
It is not designed for traders seeking a “set and forget” automated trading system. To get the most out of it, you need to apply your own analysis on the signals and manage the trades accordingly.
X Trend Premium is available for purchase through the official website XTrendPremium.com.
There are three pricing options available:
- X Trend Premium (1 License) – $147
- X Trend Premium (5 Licenses) – $399
- X Trend Premium (Unlimited License) – $499
The one license option allows using the indicator on one trading account. The 5 license and unlimited license options allow installing on multiple accounts.
Each purchase also comes with full support, lifetime updates, and a 60-day money back guarantee. If you are unsatisfied for any reason within 60 days of purchase, you can request a full refund, no questions asked.
Overall, the pricing is very reasonable given the potential profitability the indicator enables. The unlimited license option also offers exceptional value for unlimited usage.
So what is the final verdict on the X Trend Premium indicator after this comprehensive review?
X Trend Premium is an exceptional trading tool that simplifies forex trading through advanced analytics and high probability signals.
While not a magic “get rich quick” solution, the indicator does make trading much easier through its automated analysis and signal alerts. This allows focusing your energy on executing the signals vs performing tedious technical analysis.
The advanced algorithm, customizable parameters, and versatility across all markets and timeframes make it suitable for almost any trading style. The pricing options also offer great value.
However, to get the most out of it, be prepared to spend time learning the tool, customizing it for your system, and diligently applying your own analysis on the signals before executing trades.
Used properly with realistic expectations, strategy can be an invaluable addition to any forex trader’s toolbox.