Only One Trade a Day Indicator MT5 Download – Free – [TradingFinder]

The Only One Trade a Day strategy indicator is developed to identify and visually display optimal buy and sell points on the MetaTrader 5 platform. This indicator utilizes two moving averages with different periods to analyze market trends.

It displays the results of its analysis via colored arrows – blue (for buy)and red (for sell) – directly on the chart.

Specification Table of the Only One Trade a Day Strategy Indicator

The following table outlines the specifications of the One Trade a Day indicator.

A Glance at the Only One Trade a Day Indicator

The One Trade a Day indicator generates its signals based on the crossover of two moving averages with different periods. When the fast-moving average crosses above the slow one, a blue arrow appears on the chart indicating a buy signal.

Conversely, in the event of a downward crossover, a red arrow displayed representing a sell signal.

Buy Signal

According to the analysis of the GBP/USD chart on the 1-hour timeframe, the appearance of a blue arrow on the chart indicates a Buy signal issued by the indicator. This marker forms as a result of the fast moving average crossing above the slow one, signaling the start of an uptrend.

Sell Signal

In an example using the EUR/JPY 30-minute chart, the appearance of a red arrow on the chart indicates the occurrence of a bearish crossover between the fast and slow moving averages. In this scenario, the point marked with a red arrow is a suitable entry for sell trades.

Only One Trade a Day Indicator Settings

The settings of the Only One Trade a Day indicator are shown below:

• ALERT: Enable alert
• EMAIL: Enable email alerts
• NOTIFICATION: Enable push notifications
• MESSAGE_TIMEOUT: Time interval between alerts in seconds
• MESSAGE_SUBJECT: Subject line of the alert message
• Fast MA Method: Type of fast moving average
• Fast MA Period: Period of the fast moving average
• Slow MA Method: Type of slow moving average
• Slow MA Period: Period of the slow moving average

Conclusion

The Only One Trade a Day strategy indicator is designed based on the crossover of the fast and slow moving averages, and accordingly, provides reliable trading signals. The periods of these averages can be customized in the settings panel.

Moreover, due to its simple, lightweight, and flexible structure, this indicator can be easily integrated into most trading systems and trading strategies.