Secret Profit Booster Indicator is one of the best indicators there is in the internet for the forex traders. It is a very user friendly indicator to use. This indicator fits very much the Forex beginners. It actually requires zero knowledge of forex analysis. The indicator itself analyses the market for the trader and gives a signal when it is the right time to place an order.
Secret Profit Booster Indicator keeps the trading chart very clean. Therefore for you traders who like to keep your charts clean, this is an indicator to look into. Unlike many other indicators which requires the traders to learn too much of how the indicator, this indicator require very little of that. You only require to concentrate on learning how forex is traded and leave the rest of the stuff of forex analysis to the indicator.
Fig.1. Illustrating the information that is displayed by the Secret Profit Booster indicator.
The indicator is responsible for displaying the current time, the type of signal and the strength of the market trend as per the signal given. All this is displayed as written text on the top left corner of the trading chart. Then once a signal is given, the indicator also gives an arrow at the beginning of the candle at which the signal was given. Then the indicator also leads to the display of the point at which to place your stop loss. The stop loss level is the x that is drawn on the chart. As for the take profit it is you duty to set it at your target price level. Apart from this little but very important information the indicator doesn’t display any other fluff on the chart.
How to use the Secret Profit Booster indicator to trade.
Before placing any trade ensure that there is a signal that is given. You should go through the different currency pairs to look for the most recent signal in order for you to place an order.
For a trader to place a buy order, there must be a buy signal which is indicated as green text on the top left hand corner. However it is advisable that you ensure that the strength is indicated as strong but not as medium. After placing your buy order remember to place your stop loss at the level indicated by the x.
Fig.2. Placing sell and buy orders using the Secret Profit Booster indicator.
A sell order is placed when there is a sell signal which is indicated as red text on the top left hand corner. However it is advisable that you ensure that the strength is indicated as strong but not as medium. After placing your buy order remember to place your stop loss at the level indicated by the x.
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