Only One Trade a Day Indicator MT5
- Indicators
- Eda Kaya
- Version: 2.1
Only One Trade a Day Indicator MetaTrader 5
The Only One Trade a Day strategy indicator is designed to identify and visually display optimal buy and sell signals on the MetaTrader 5 platform. This indicator uses two moving averages with different periods to assess market trends. The outcomes of the analysis are shown directly on the chart using colored arrows: blue for buy signals and red for sell signals.
«Indicator Installation & User Guide»
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Specification Table – Only One Trade a Day Strategy Indicator
Category | Trading Tool – Signal & Prediction – Volatile |
Platform | MetaTrader 5 |
Skill Level | Beginner |
Indicator Type | Reversal – Following |
Timeframe | Multi Timeframe |
Trading Style | Scalping – Day Trading – Swing Trading |
Markets | All Markets |
Overview of the Only One Trade a Day Indicator
The Only One Trade a Day indicator generates trading signals based on the crossover of two moving averages with different periods.
- A blue arrow appears when the fast-moving average crosses above the slow-moving average, indicating a buy signal.
- A red arrow is displayed when the fast MA crosses below the slow MA, marking a sell signal.
Buy Signal
In the 1-hour GBP/USD chart example, the appearance of a blue arrow represents a buy signal issued by the indicator. This signal occurs when the fast moving average crosses above the slow moving average, indicating the beginning of a bullish trend.
Sell Signal
In the EUR/JPY 30-minute chart example, a red arrow signals a sell entry. This occurs following a bearish crossover, where the fast MA crosses below the slow MA, suggesting downward market momentum.
Only One Trade a Day Indicator Settings
The configuration panel for the Only One Trade a Day indicator includes the following adjustable settings:
- ALERT – Enable alert
- EMAIL – Enable email alerts
- NOTIFICATION – Enable push notifications
- MESSAGE_TIMEOUT – Interval between alerts (in seconds)
- MESSAGE_SUBJECT – Subject line for alert messages
- 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 built on the principle of crossover signals between fast and slow moving averages, offering reliable trade entries. With customizable MA periods and methods, the indicator adapts to various trading styles.
Its lightweight, user-friendly structure allows seamless integration into a wide range of trading strategies and systems.