Forex secret signal is a forex trading strategy. It uses a single indicator which looks like a MACD histogram. The system is really easy to understand. Any beginner forex trader should be able to trade this system with complete ease. Forex Secret signal system doesn’t use any complicated tools. The forex Secret signal system is a perfect system for the swing traders. This forex trading strategy can be used to trade with any currency pairs on any time frame. However it is not recommended to trade on 1 minute chart since the market is too choppy on 1 minute chart and even the less impact news events can create bigger fluctuations on 1 minute chart.
Forex secret signal indicator simply consists of red and green histograms which indicate the bullish and bearish market conditions respectively. The main idea of using this system is that you buy only when the histograms are green and sell only when the histogram is red. Making money in the forex market could have been lot easier if it was this simple to follow the system and grab pips. Actually we should accept the fact that the system itself is not the problem. Problem lies in our mind, our state of mind.
Fear and greed drive the traders so much that they forget their initial plan and they follow the path of destruction. One cannot stick to his/her plan due to the lack of self discipline. One should develop habit of making a trading plan and following it no matter what. A well planned trade means defining your entry and exit levels even before you enter the trade. Most of the traders who lose in the forex market open position before and begin to think after that which is a guaranteed method to failure.
When the Forex Secret Signal is correctly loaded on your trading platform your trading chart should look like this:
Above, you can see histograms moving in positive and negative territory and the central line remains at the zero level. This indicator is all about plotting the wars between the bears and bulls in the form of histogram, nothing more than that.
Buying Conditions Using Forex Secret Signal system.
- Bullish bar should be formed.
- Forex secret signal indicator should have green histogram.
- Open a buy position when both of the above conditions are met.
- Place your stop just below the recent swing low.
- Take your profit when the red histogram is formed.
Selling Conditions Using Forex Secret Signal.
- Bearish bar should be formed.
- Forex secret signal indicator should have red histogram.
- Open a Sell position when both of the above conditions are met.
- Place your stop just above the recent swing high.
- Take your profit when the green histogram is formed.
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