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Secret Profit Levels Forex System

Secret Profit Levels is a price action breakout trading system based on Secret Profit Levels Indicator that draws an box on the chart. Ti...

Secret Profit Levels is a price action breakout trading system based on Secret Profit Levels Indicator that draws an box on the chart.
Timeframe:
H1 (1 hour) is my preferred timeframe for trading this strategy.
Currency Pairs:
I prefer to trade with pairs that have low spreads, like the EUR/USD.
Indicators:
Secret Profit Levels Indicator
Chart Setup
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 SecretProfitLevels.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.
Long Entry 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 uptrend on the EUR/USD and price is in between the 1.3000 and 1.3100 levels, we want the price to climb up above 2/3 of this range or above the 1.3067 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/USD pair above, as soon as price breaks the 1.3085 level, we can go long. We can also use a pending order to enter trades.
4. The stop loss is set 15 pips under the entry point.
5. We have 3 options in setting the take profit – Conservative, Aggressive and Managed.
a) Conservative exit – The next round number (1st target). In the EUR/USD example above, our first target is the 1.3100 level.
b) Aggressive exit – This is the round number level plus 15 pips (2nd target). In our example, it will be at the 1.3115 level.
c) Managed exit – Here, we close half of our position on the round number level (1st target), then move our stop loss level to the break even and close the rest at the round number plus 15 pips (2nd target). This way, we can lock in some profit and preserve it by moving the stop loss to break even.
Long Trade Example
And now I’ll show you a long entry example.
Below, a long trade was taken on the EUR/JPY pair on the H1 (1 hour) chart.
There was a sign to look for a long trade as the price has moved above the 136.670 level, which is 2/3 of the entire range between the 136.000 and 137.000 levels.

So, a pending buy order for 2 lots was set at the 136.850 level and it was triggered a couple of hours later.
A stop loss was set exactly 15 pips below the long entry at the 136.700 level.
Next, when price hit the 137.000 level, the first lot was closed, the stop loss was moved to break even at the 136.850 level and the take profit for the second lot was set at the
137.150 level. Not long after, the price had moved through the take profit at 137.150 and hit the second take profit level.
From this trade, we bagged 15 pips from the first lot and 30 pips from the second.
Now let’s take a look at Short trade conditions.
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

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