It is not a secret that messy complicated interfaces of some of the trading tools can drive anyone insane. That is why I applaud every indicator that takes care of its user with intuitive interface. To me, it shows the care that went into its creation. You can argue with me, but I say that most of the time the clean interface indicates smart algorithm inside.
Secret Profit Levels Indicator is exactly that – smart and complicated on the inside, easy-to-read on the outside.
Indicator Description
Secret Profit Levels Indicator is a beginner-friendly tool that provides its user with clear Buy and Sell zones, StopLoss level and two potential TakeProfit levels. It has visual interface that is really easy to understand. Secret Profit Levels Indicator gives unambiguous Buy and Sell signals that are based on price action. It is compatible with all assets and timeframes, making it truly an all-purpose trading tool.
Secret Profit Levels Forex Indicator Installation
1. Unzip the file you’ve downloaded.
2. Find the file that is called “SecretProfitLevels.ex4″ and copy it.
3. Open your MT4.
4. Go to “File – Open Data Folder – MQL4”.
5. Paste the file into the “Indicators” folder in MQL4.
6. Restart your MT4.
After the installation, your trading chart will look like this:
Basic Trading Signals
Understanding of the signals of Secret Profit Levels Indicator is incredibly simple thanks to its visual representation on the chart. The indicator has two zones, red and green. Buy and Sell signals are based on the price breakouts into those zones. StopLoss level and TakeProfit targets are also clearly visible on the chart.
Buy Signal: enter the trade when the price crosses the line into the green zone.
Sell Signal: enter the trade when the price crosses the line into the red zone.
Do not forget to place your StopLoss level to protect your account! Place it below the recent swing low for a Buy signal. Place it below the recent swing high for a Sell signal.
The indicator will also display two possible TakeProfit levels for you to aim for.
A tip: Close half of your position at the first target level and the other half at the second target level.
My Conclusion on Secret Profit Levels Indicator
Secret Profit Levels is a versatile tool with easy-to-follow signals and clear instructions. It can be a great first tool for someone who learns the ropes in Forex. Thanks to its visual simplicity it can be used but a complete novice. It can also be a great addition to a trading arsenal of an experienced trader as well. Since it is working on all charts and all timeframes, it can be an invaluable tool in the right hands.
P.S. Have problems with installation? Email me at olivermurphy@altraforex.com or support@altraforex.com
I would love to help!
P.P.S. Check out software by Altra Forex Group here
thank you so much for your kind effort
Thanks for this indicator, Oliver, I’ll try it out.
Hi hope you are well these indicator are not working properly , this morning work perfect but after mid day , was working like
7 candles behind the current price., have any idea why , let me know if i have to make any change in my MT4.
thank you very much..