As the name suggests, the Only One Trade A Day Forex indicator for Metatrader 4 provides one sniper-accurate trading signal every day.
The trading signal appears on the main MT4 chart window in the form of a buy or sell arrow.
The indicator is very reliable, lightweight, and will not slow down your trading platform.
Buy & Sell Trade Example
- A blue colored arrow is a buy signal.
- A red colored arrow is a sell signal.
The indicator can also be used as an additional signal indicator that works together with an existing trading strategy or system of your preference.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “only one trade a day.ex4” indicator for MT4
Indicator Chart (EUR/USD M5)
The picture below shows the Only One Trade A Day mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Only One Trade A Day Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Signals
Does the indicator repaint? No.
Only One Trade a Day + SuperTrend MTF Forex Intraday Strategy
This MT4 strategy merges the “Only One Trade a Day” indicator and a multi-timeframe SuperTrend signal.
The Only One Trade indicator gives a single daily arrow (blue for buy, red for sell).
The SuperTrend MTF (multi-timeframe) indicator draws a green line when the trend is bullish and red when bearish.
Because you restrict yourself to one trade per day, you aim for high-quality setups with strong trend backing.
This method suits disciplined intraday traders on M15 or H1 charts, especially on popular currency pairs like EURUSD, GBPUSD, AUDUSD, and USDJPY.
Buy Entry Rules
- Wait for the Only One Trade indicator to give a blue arrow (buy signal) on your chart.
- Confirm the SuperTrend line is green (bullish) on the same timeframe or a higher timeframe (e.g., M15 + H1 alignment).
- Enter the buy at the close of the candle that produced the blue arrow, if SuperTrend agrees.
- Stop loss: place below the recent swing low (use a buffer of a few pips, e.g., 10–20 pips, depending on the pair).
- Take profit: aim for 2× the risk or exit when the SuperTrend line turns red or a reverse Only One Trade arrow appears.
- Once you’ve taken this trade for the day (either a win or a loss), do not take any further entries until the next trading day.
Sell Entry Rules
- Wait for the Only One Trade indicator to give a red arrow (sell signal).
- Confirm the SuperTrend line is red (bearish) on the same timeframe and preferably a higher timeframe.
- Enter the sell at the close of the candle with the red arrow, if SuperTrend also agrees.
- Stop loss: place above the recent swing high (buffer of ~10–20 pips).
- Take profit: target 2× the risk or exit when SuperTrend turns green or a new blue Only One Trade arrow appears.
- After this trade for the day, stand aside until the next calendar day.
Advantages
- Focuses your attention on only the best setup each day, reducing overtrading.
- Combines a signal (Only One Trade) with trend confirmation (SuperTrend) to filter weak entries.
- Simplifies decision-making — you won’t be chasing many signals.
- Works well on trending days where the price strongly moves in one direction.
Drawbacks
- You may miss good intraday moves if the signal appears late or the market accelerates suddenly.
- On choppy or sideways days, the signal may be weak or lead to small losses.
- Requires patience — often you will wait many hours for a signal.
Case Study 1: EURUSD (M15)
On a strong trending day, the Only One Trade indicator issued a blue arrow around 10:30.
At that time, the SuperTrend line was also green on M15 and on the H1 chart.
A buy was entered at that candle close.
The price continued upward, hitting the target at 2× risk.
The trade captured the main trend of the day. No further trades were taken after this.
Case Study 2: GBPUSD (H1)
During a London session, the indicator generated a red arrow mid-morning.
The SuperTrend line on both H1 and M15 was red, confirming bearish conditions.
The sell trade was entered.
Price pushed downward, reaching the take profit before the SuperTrend flipped.
The trade yielded around twice the risk. The rest of the day, no further trades were allowed.
Strategy Tips
- Use moderate timeframes like M15 or H1 so the signal isn’t too frequent and has trend weight.
- Check a higher timeframe (e.g., H1 or H4) SuperTrend direction as an additional filter.
- Do not chase the arrow if it appears near session close — ensure there is enough time left in the trading day.
- Adjust your stop and target sizes based on daily volatility — use ATR or recent range to size your risk.
- Stick to the rule: only one trade per day. Discipline is critical for this system to work over time.
- Backtest this method over months to see which pairs and timeframes give the best consistent results.
By combining the simplicity of the Only One Trade a Day indicator with the trend clarity of the SuperTrend MTF line, this MT4 intraday method helps you pick a single, high-probability trade each day.
Use strict money management and patience.
Over time, this one-signal approach may help reduce emotional decisions and improve consistency.
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Download the “only one trade a day.ex4” indicator for Metatrader 4
