Secret Profit Levels Indicator
Platform: MT4 Type: Market Levels Last update: August 15, 2024The Secret Profit Levels indicator is a complete trading formula that provides traders with the forex entry point, take profit target 1 level and take profit target 2 level.
You will find two zones on the chart. When the price breaks into the green zone, it works as a buy signal. Similarly, when the price breaks into the red zone, it works as a sell signal. Take profit area is displayed in the form of a triangle.
How to apply the secret profit levels in trading?
Signals provided by the Secret Profit Levels Indicator are really intuitive and easy to understand. Simply follow the suggestions below. Trade only in the direction of the triangle.
Buy Entry: Open long trade when the price hits the upper SPL green zone. Place your stop loss a few pips below the last swing low.
Sell Entry: Open short trade when the price hits the lower SPL red zone. Place your stop loss a few pips above the last swing high.
Exit Trade / Take Profit: Close half of the open position at TP1 and the remaining half at TP2.
Example of AUD/CAD H1 Chart
This screenshot below shows an example of the Secret Profit Levels Indicator in action.
