Forex High Accurate Strategy Profitable FX MT4 Secret Profit Leve Indicator

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Forex High Accurate Strategy Profitable FX MT4 Secret Profit Leve Indicator







FX MT4Secret Profit Leve Indicator

 

Secret Profit Levels mt4 Indicator for MT4 is a complete trading system that provides traders with the entry price, take profit target 1 and take profit target 2. It comes in the form of a nice colored triangle. Trading this system indicator is utterly simple.

 

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MT4 Indicator Characteristics

 

Currency pairs: Any

 

Platform: Metatrader 4

 

Type: chart window indicator

 

Customization options: Variable (entry color, level color, stop color, buy triangle), width & Style.

 

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

 

Type: signals

 

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BUY TRADE RULES

1.The trend must be heading up.

2. Wait for the price to climb up towards a round number level. We want the price to break 2/3rds of the entire range between 2 round numbers. For example, if we are in upend on the EUR/JPY and price is in between the 136.000 and 137.000 levels, we want the price to climb up above 2/3 of this range or above the 136.670 level to consider that as a possible long trade set up.

3. As soon as price reaches 15 pips below the next round number, we can open a buy order. If we use the same example with the EUR/JPY pair above, as soon as price breaks the 136.050 level, we can go long. We can also use a pending order to enter trades.

4. The slop loss is set 15 pips under the entry point.

5. We have 3 options in seeing the take prom - Conservative, Aggressive and Managed.

*. Conservative exit - The next round number. In the EUR/JPY example above, our first target is the 137.000 level.

*. Aggressive exit - This is the round number level plus 15 pip. In our example, it will be at the 137.150 level.

*. Managed exit - Here, we close half of our position on the round number level, then move our stop loss level to the break even and close the rest at the round number plus 15 pip This way, we can lock in some profit and preserve it by moving the slop 105510 break even.

 

SELL TRADE RULES

1. The trend must be headed down.

2. Wait for the price to decline towards a round number We want the price to break 2/3rds of the entire range between 2 round numbers. For example, on the EUR/USI), if price is between the 1.2800 and 1.2900 levels, we wait for the price to decline 2/3 of this range or below the 1283310001 to look for a possible short trade set up.

3. As soon as price breaks below the next round number minus 15 pips, we can open a sell order. In our example, as price breaks below the 1.2815 level, we can go short. We can also set a pending sell order instead of waiting for the price to reach that level.

4. Set the stop loss 15 pips from the entry point.

5. We also have 3 options for setting the take profit - Conservative, Aggressive and Managed.

*. Conservative exit - The next round number. In our example, our first target is the 1.2800 level. *.Aggressive exit - This is the level 15 pips below the round number. In our example, it will be at the 1.2785 level

*. Managed exit - Here, we close half of our position when price reaches the round number, then we move our stop loss to break even and close the nest 15 pips below the round number.

Note: Your SL and TP should be based on your own risk/reward tolerance, and never risk more than what you see as your profit potential.

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