The Buy Sell Secret indicator for Metatrader 4, developed by Karl Dittmann, is a trading system that provides entry signals, stop-losses, and take-profit objectives.
The system shows a blue arrow for a buy signal and a red arrow for a sell signal, accompanied by a pop-up alert. The stop-loss is calculated and displayed on the chart’s upper left corner.
Alternatively, traders can keep their stop-loss tight and place it near the recent support or resistance level. Profit targets can be set by the trader or they can wait for the opposite signal to close the trade.
It is important to note that the Buy Sell Secret indicator should only be used during a strong trend and not during flat market conditions. The Buy Sell Secret is a combination of the up-down arrows buysell5secret custom indicator and the OsMA momentum trading oscillator.
Buy Signal Generation with Buy Sell Secret System
The Buy Sell Secret system generates buy signals when the blue arrow appears on the chart along with a pop-up alert. The stop-loss is calculated by the indicator and displayed on the top left corner of the chart.
Traders can also set their own stop-loss below the most recent support level. The best time to enter a long position is when the green arrow shows and the Trend Power is at 70% or higher.
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Sell Signal Generation with Buy Sell Secret System
The Sell Signal Generation with Buy Sell Secret System is triggered by a red arrow and a pop-up alert to go short (sell signal). Traders are advised to open a short trade at this point.
The indicator also calculates the stop-loss and displays it on the left upper corner of the MT4 chart for the convenience of traders.
To exit the trade, traders can set their own profit target or wait for the opposite signal (buy) to close the short trade.
