Free Forex Indicators (MT4), Trend Following Indicators

Only One Trade a Day Trend indicator

Only One Trade a Day Trend indicator has been designed based on the combination and crossover of two kinds of MAs (fast & slow). Like other crossover trend signal indicators, it doesn’t make your trading chart clumsy with tons of average lines. It works in background and signals the trend when it gets a confirmation about a possible trend to be started.

Only One Trade a Day Trend indicator works best for newbie traders who struggle to sort out the MA crossover signals while trading. It works best to trade major forex currency pairs and fits well with M15 & H1 charts for intraday trading purposes.

Only One Trade a Day Trend indicator overview:

After you install Only One Trade a Day Trend indicator at your forex MT4 trading terminal, your chart will appear like the following image:

Only One Trade a Day Trend indicator overview

This indicator plots the signals whenever its fast and slow MAs confirms a crossover in the background (bullish or bearish). It plots simple up or downward arrows around the price bar to signal the market entry along with the confirmation of the current trend. Buy when an upward arrow is plotted below the signaling candle and sell when you counter a downward arrow at the chart. But it is recommended to accept the buy signals from the bottom an sell signals from the top of the chart screen.

Only One Trade a Day Trend indicator: Buy Parameters

Only One Trade a Day Trend indicator Buy Parameters

  • A bullish bar forms at the bottom of the chart
  • Only One Trade a Day Trend indicator plots an upward arrow right below the bullish bar
  • Set stop loss below the low of the signaling bar
  • Exit long/take profit once your trade reaches double of your budgeted loss of the particular trade.

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Only One Trade a Day Trend indicator: Sell Parameters

Only One Trade a Day Trend indicator Sell Parameters

  • A bearish bar forms at the top of the chart
  • Only One Trade a Day Trend indicator plots a downward arrow right above the bearish bar
  • Set stop loss above the high of the signaling bar
  • Exit short/take profit once your trade reaches double of your budgeted loss of the particular trade.

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I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.