Secret Profit Levels Metatrader 4 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.

Secret Profit Levels mt4 Indicator is as old as the market itself and is so portable because of its universality. I will also share a custom indicator that will help you trade this strategy with ease. But first, let’s go through the basics that lie behind this strategy.

Secret Profit Levels mt4 Indicator draws one or two triangles on the chart (depends on the overall trend). One to buy the currency pair and one to sell the pair. A buy signal occurs when the price hits the thick green colored line of the upper buy triangle. A sell signal occurs when the price hits the thick red-colored line of the lower sell triangle. This is a typical set-and-forget trading system.

Buy and sell stop orders can be placed to execute the trade when the price hits the thick green or thick red entry line of the triangle. Both take profit orders (TP1, TP2) can be placed in advance as well.

The trading system Secret Profit Levels mt4 Indicator is about the secret levels that exist on your charts, yet 99.9% of the traders don’t know about them. And although they are easy and simple to trade, once you see how portable they are, you’ll understand why the big hedge funds and financial institutions are keeping it a secret to be used by them only.

It is believed 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 mt4 Indicators 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 the price gets close they will attract it, giving you the chance to enter the trade and make money. Secret Profit Levels mt4 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.

BUY TRADE RULES

The trend must be heading up.
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 an uptrend on the EUR/JPY and the 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.
As soon as the 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 the price breaks the 136.850 level, we can go long. We can also use a pending order to enter trades.
The stop loss is set 15 pips under the entry point.

We have 3 options in setting the take profit – 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 pips. 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 stop loss to break even.

SELL TRADE RULES

The trend must be headed down.
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 the 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 setup
As soon as the price breaks below the next round number minus 15 pips, we can open a sell order. In our example, as the 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.
Set the stop loss 15 pips from the entry point.

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 the price reaches the round number, then we move our stop-loss to break even and close the rest 15 pips below the round number.

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