Buy Sell Secret Forex Trading Strategy

The Buy Sell Secret forex trading strategy is composed of the popular up down arrows buysell5secret custom indicator and the OsMA momentum trading oscillator.

This strategy can be used on all currency pairs and anything else that can be viewed on the Metatrader 4 platform.

Learn below how to generate signals and take profit levels with this simply to understand free strategy.

Chart Setup

MetaTrader4 Indicators: BbSq-OsMA.ex4 (Input Variable Modified; bolPrd=24, keltprd=14, FastEMA=14, SlowEMA=34, SignalEMA=16), buysell5secret.ex4 (default setting)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, 1-Day

Recommended Trading Sessions: Any

Currency Pairs: Any pair

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Download the Buy Sell Secret Forex Trading Strategy

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Initiate a buy entry if the following indicator or chart pattern gets displayed:

  1. If the black line and steel blue bars of the BbSq-OsMA.ex4 custom indicator are seen above the 0.00 level as depicted in Fig. 1.0, price is said to be pressured to the upside i.e. a trigger to buy the asset of choice.
  2. If the buysell5secret custom indicator forms a blue line with an accompanying upward pointing arrow within its indicator window, while also displaying a blue upward pointing arrow that is aligned below the candlesticks (refer to Fig. 1.0), a buy signal is said to be in the making.

Stop Loss for Buy Entry: Place stop loss below trading support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following rules or conditions are sustained:

  1. If the black line of the BbSq-OsMA.ex4 custom indicator breaks below the 0.00 level while a bullish trend is running, an exit or take profit is duly recommended.
  2. If the buysell5secret custom indicator forms a yellow line within its indicator window, it is a signal that points to weaning bulls power, hence an exit or take profit is advised.

Sell Entry Rules

Enter a sell order if the following holds true:

  1. If the black line and steel blue bars of the BbSq-OsMA.ex4 custom indicator break below the 0.00 level as illustrated on Fig. 1.1, price is said to be pushed lower i.e. a trigger to sell the asset of focus.
  2. If the buysell5secret custom indicator forms a yellow line with an accompanying downward pointing red arrow within its indicator window, while also displaying a red downward pointing arrow that is aligned somewhat above the candlesticks (refer to Fig. 1.1), a sell signal is said to be looming.

Stop Loss for Sell Entry: Place stop loss above trading resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following takes place:

  1. If the black line of the BbSq-OsMA.ex4 custom indicator breaks above the 0.00 level while a bearish trend is ongoing, an exit or take profit is advised.
  2. If the buysell5secret custom indicator forms a blue line within its indicator window, it is a signal exit or take profit on the designated currency pair.

Sell Trade Example

Fig. 1.1

Free Download

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About The Trading Indicators

The buysell5secret custom indicator deploys a triple alert system to confirm a signal i.e. an arrow in the chart window, color change on the indicator line and another arrow attached to the line indicator within the indicator window.

The BbSq-OsMA.ex4 custom indicator is the bbsqueeze forex indicator but with OsMA as momentum.

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