Introduction
How to
best Secret Profit Levels indicator trading strategies free download accurate indicator mt4
Today, I am going to share with you a
trading strategy that is as old as the market itself and is so profitable because of its universality. I will also share my custom indicator that will help you trade this strategy with ease. But first, let’s go through the basics that lie behind this strategy.
The trading system I am about to explain to you is about the secret levels that exist on your charts, yet 99.9% of the traders don’t know about them.
It took me years to find them, since they are kept as a secret by the top players in the Forex market. And although they are easy and simple to trade, once you see how profitable they are, you’ll understand why the big hedge funds and financial institutions are keeping it as a secret to be used by them only.
What I discovered is that these high frequency trades create large pools of money at certain levels on a chart.
But they are invisible to everyone except those big players placing the trades. Meaning that until now the average trader had no way of knowing where these pools of wealth were hidden.
Those
Secret Profit Levels are actually round numbers on the chart and they work so well because it’s in human nature to tend to round numbers. It’s human psychology.
Those levels act as magnets. As soon as price gets close they will attract it, giving you the chance to enter the trade and make money.
The secret to success is the
Secret Profit Levels Indicator, which will reveal those levels to you.
This indicator will show you where to enter the trade and where to exit the trade, which will help you boost your confidence, whether you are an experienced trader or a beginner.
And that is because this system is as much about protecting your account as it is about making you profits.
You will learn where to place stop losses and take profits, as well as how to manage the trade to maximize your gains.
Short Entry 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/USD, 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 1.2833 level 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.
a) Conservative exit – The next round number (1st target). In our example, our first target is the 1.2800 level.
b) Aggressive exit – This is the level 15 pips below the round number (2nd target). In our example, it will be at the 1.2785 level.
c) Managed exit – Here, we close half of our position when price reaches the round number (1st target), then we move our stop loss to break even and close the rest 15 pips below the round number (2nd target).
Next, I will show you a short trade example.
Short Trade Example
On the image below, you can see a short trade on the EUR/USD H1 chart.
Close to the New York session open, the price has reached 2/3rds of the range between the 1.2500 and 1.2400 levels or below the 1.2433 level. This was a signal to prepare for the upcoming short opportunity.
The trend direction at this time was clearly to the downside as the 10 SMA was decreasing in value downwards and the price was below it most of the time.
The price declined and hit the trigger level for placing a sell order at 1.2415 and a short position with 2 lots was opened.
Immediately after that, a stop loss of 15 pips was set above the entry point at the 1.2430 level. Then a take profit of 30 pips was set at the 1.2385 level.
As soon as price touched the 1.2400 level, the first lot of the position was closed
Close to the New York session open, the price has reached 2/3rds of the range between the 1.2500 and 1.2400 levels or below the 1.2433 level. This was a signal to prepare for the upcoming short opportunity.
The trend direction at this time was clearly to the downside as the 10 SMA was decreasing in value downwards and the price was below it most of the time.
The price declined and hit the trigger level for placing a sell order at 1.2415 and a short position with 2 lots was opened.
Immediately after that, a stop loss of 15 pips was set above the entry point at the 1.2430 level. Then a take profit of 30 pips was set at the 1.2385 level.
As soon as price touched the 1.2400 level, the first lot of the position was closed
and the stop loss was moved to break even.
Because of the strong momentum push, a few minutes later, the take profit was hit and the second lot of the position was closed at 1.2385 level. In less than an hour, the profit from this short trade was 15 pips from the first lot and 30 pips from the second.
How To install:
1. Download the installer (in zip format) from the Member’s area.
2. Open the downloaded archive by double-clicking on it or extract it by right-clicking on it and choosing “Extract”
3. Run the
ProfitLevels.exe file, which will start the autoinstaller
4. Once the autoinstaller has started, read and accept the agreement if you agree and follow the instructions on
autoinstaller.
5. After the installation process is finished, you’ll habe the indicator and the template installed and ready to use in your MT4 platform.
Timeframe:
H1 (1 hour) is my preferred timeframe for trading this strategy
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