Only One Trade A Day Indicator

Only One Trade A Day Indicator

Only One Trade A Day Indicator For MT4 provides long-term forex trend trading signals based on moving average crossovers.
The only one trade a day indicator for MT4 is an indicator based on moving averages. It provides forex trading signals based on the crossover of a slow moving average and a faster one. This indicator uses higher values of moving averages and hence provides less number of trading signals. Furthermore, the long term forex trading signals of this indicator helps traders to stay in the trend for a longer period and secure higher profits.

The indicator works well in all intraday price charts and the daily, weekly and monthly charts. However, as the indicator values are higher it provides much longer term signals even with a lower time frame. Moreover, the indicator is easy to use and suitable for new and advanced traders. Moving averages are commonly used by traders to identify trend direction and is a part of multiple auto trading strategies.

Only One Trade A Day Indicator For MT4 Trading Signals

The indicator plots a blue Up arrow for a bullish market trend and a red down arrow in a bearish price trend. The trading strategy of this indicator is based on the moving average crossover.

If the faster moving average crosses the slower one upwards it plots and up arrow. Traders should enter the market with a buy trade anticipating the prices to move higher. Traders should place a stop loss below the previous swing low or exit at the opposite trading signal. Similarly, if a red arrow appears in bearish trend traders should enter a sell position.

Conclusion
In summary, the only one trade a day indicator for MT4 is an effective technical analysis tool for forex traders using long term trend trading strategies.