The Secret Method Trading System For MT4
Table Of Contents:
- The Secret Method Trading System For MT4
- Selecting the trading instrument
- Secret Method Trading System For MT4 - Long trade setup
- Secret Method Trading System For MT4 - Short trade setup
- Trade Management
- Secret Method Trading System For MT4 - Conclusion
Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.
The Secret Method Trading System For MT4 is primarily developed to trade the major instrument. But the rookies should start with the EURUSD, GBPUSD, AUDUSD, EURGBP and USDCAD pair. The price movement of these five assets is relatively stable and offer quick profit-taking the opportunity. The indicators used to develop this system are HA, T3, Pivots, Sweet Spots, Swing Man, Momentum (10), and IX-O-A-h (5). These indicators are not so popular in the retail trading industry but if you ask a profitable trader, they will admit these are some of the best tools you can use to take the trades. After loading this indicator, you can use the Secret Method Trading System by using two unique templates.
The secret 27 templates are used to take the trades against the trend. In short, you can consider it as a reversal trading strategy. On the contrary, when you use the secret V3 template, you should be looking to trade in favor of the trend only. The first template is mostly used by experienced traders. On the contrary, the secret V3 template is mostly used by novice and intermediate traders. Those who have less than 2 years of experience should stick to the trend trading template. Now let’s see the process by which we need to select our trading instrument to trade with the Secret Method Trading System.
Selecting the trading instrument
Very few traders give importance to the selection process of trading strategy. Most of us start looking for the trade signals in the random trading instrument. But to make a profit by using the Secret Method Trading System, traders have to select their trading instrument based on some critical checkpoints. For instance, those who are looking to trade the minute time frame, can focus on the trending and ranging asset. But if you intend to keep the trade open for more than 4 hours, it is better to pick a trending asset. Some of you might prefer to use the Secret Method Trading System to make a quick profit. They should only trade in the major pairs.
Things become a bit tricky when you intend to use the secret 27 templates. You have to pick an asset that has been in a trending movement for a prolonged period. And the price of the asset must be trading near a major resistance or support. This will improve your chance to make a profit by using the secret 27 templates as it helps the traders to determine the critical trend reversal point. So, always select your trading instrument based on your desired goal. Now let’s focus on how the elite traders take long and short orders with the help of this amazing Secret Method Trading System.
Secret Method Trading System For MT4 - Long trade setup
The secret V3 template will be used to take the long trades. This template requires trade execution in favor of the trend. The horizontal lines present in the main chart will act as the critical support and resistance. Look for the price to bounce of the horizontal line. Once you find the bullish bounce, you should be waiting for the bullish break green color T3MA signal line. As the price breaks above this level, look for the bullish confirmation in the Swing Man Ultra Trix PV indicator. You should be seeing a blue color bullish arrow at the reference line.
To get the final confirmation, look at the Mom (6) indicator panel. The blue signal line should be trading above 0.0 level and there should be dominating green bars. Take the long trade and set the stop loss right below the nearest golden color horizontal line. For the take profit, double your stop-loss price.
This means, if you place a stop loss for 20 pips, the minimum profit target should be 40 pips. And do not forget to analyze the lot size based on your equity. Under no circumstances, you should be risking more than 2% of the account balance. The reason you can risk 2% for the long trade while using the Secret Method Trading System is that you are taking the trades in favor of the trend. But in the trend reversal process, you have to risk 1% of the capital.
Secret Method Trading System For MT4 - Short trade setup
For the short trade setup, we will go with the reversal trading method. That means the secret 27 templates will be used for taking the trades. When the price of the trading instrument reaches a major resistance level and start consolidating, you can expect to find a reversal. Note that the price will repeatedly fail to make new high and thus is will start making new lower highs.
At that time the color of the non-lag MA will turn to red and the slope will change to negative. At the secret trend reversal indicator, you should be seeing consecutive red dots. Wait for the BB MACD signal line to touch the red reference line since it is the indication that the bears have started to dominate.
Finally, you should be seeing 4 red lines in the secret TF PSAR indicator. The four red lines are the indication that the bears have finally established their dominance. Take the short trade immediately with a stop loss above the most recent high. The take profit level should be set to the nearest support level. Those who are skilled in using the trailing stops can use this feature to maximize their profit. But note that you can’t trade with more than 1% risk while using the Secret Method Trading System to trade major reversal.
Trade Management
The success of the Secret Method Trading System greatly depends on your trade management skills. Though this strategy can be used at different times, it is better to trade in a higher time frame while trading the reversal. And those who trade the lower time frame should look for the price action confirmation signals. Knowing about the basic pin bar and engulfing pattern is enough to improve your trade execution. After using the Secret Method Trading System for a while, traders often start overtrading. No matter how good you are at trading, you can’t have more than 3 running trades based on this trading technique.
Those who trade with multiple open positions, need to be more careful about the risk exposure calculation. The overall risk for the capital should never exceed 3% of your account balance. So, if you intend to open 3 trades, the risk in each trade should be 1% of your account balance. And pay special attention to the major economic news since they are critical price driving catalyst in the Forex market. Unless you are good at fundamental analysis, it is better not to trade during the news with the help of the Secret Method Trading System.
Secret Method Trading System For MT4 - Conclusion
The learning process for the Secret Method Trading System might seem confusing to the new traders. We recommend to the novice traders to master the trend trading technique first. Once they can take the trades in favor of the trend with zero hesitations, they can start trading the reversal.
To keep the investment safe, you can master the use of both templates by using the demo platform. Learning should be done in a stress-free environment and a demo account is a perfect place to start. However, skilled traders can trade with real accounts but they should use the Secret Method Trading System and other trading skills to protect the capital.
One of the major problems of using such a premium trading system is becoming overconfident. You can’t expect to win most of the time. Since trading is a business, be prepared to face some ups and downs. But do not lose hope or break the rules during your bad days. Stick to your risk management policy and at the end of the month, you will have a big smile on your face just for using the Secret Method Trading System.
Download the complete system description and the files here:
Partially Automated Trading Besides Your Day Job
Alerts In Real-Time When Divergences Occur
