Introduction to the One Forex Strategy
The One Forex Strategy falls into category of forex swing trading systems. This trading strategy is set by a bunch of advanced market momentum tools with trade filters that work together for identifying potentially profitable trade setups.
The One Forex Strategy fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart and in two windows just below it. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to trade with the One Forex Strategy?
The One Forex Strategy consists of three complex indicators including THV Coral, Bamsbung with CCI, and SRCC. Detailed description is the following:
- THV Coral: it is the indicator that displays upward/downward arrows. As a swing trading indicator, it’s used to identify the possible swing areas of the market based on the price envelope theory.
- Bamsbung with CCI: it is an advanced combination of two powerful momentum indicators. When its value raises above -35 when the momentum is considered bullish. Similarly, when it drops below 35, the momentum turns into bearish mode. The Commodity Channel Index (CCI) plots bullish/bearish crossover by intercepting each other (red & white lines).
- SSRC: it is a Price Envelope based Relative Strength Index indicator. When its value rises near 95, the market is in an overbought condition. Conversely, when it drops around 5 the market is clearly under oversold condition.
Buy Signal
Follow these steps for a long trade:
- THV Coral draws an upward arrow
- Bamsbung with CCI value bounces up from -35 level with a bullish crossover
- SSRC value drops near 5 level
- Buy trade is triggered after the above conditions are met
- Set stop loss a few pips below the last swing low of the market
- Take profit or exit trade whenever Risk:Reward ratio hits 1:1+ (or better) or use your own preferred method of trade exit
Sell Signal
Follow these steps for a short trade:
- THV Coral draws an downward arrow
- Bamsbung with CCI value drops from -35 level with a bearish crossover
- SSRC value rises near 95 level
- Sell trade is triggered after the above conditions are met
- Set stop loss a few pips above the last swing high of the market
- Take profit or exit trade whenever Risk:Reward ratio hits 1:1+ (or better) or use your own preferred method of trade exit
As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
How to set up the One Forex Strategy in MT4?
Installation Guide
Download the One Forex Strategy.rar archive at the bottom of this post, unpack it, then copy and paste the indicators files of the One Forex Strategy into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Furthermore, to run the One Forex Strategy you need to copy the template file into the templates folder. To proceed, right-click on a chart, then Template > Open Templates, and then copy the One Forex Strategy.tpl file into that folder. Now select the file and click Open to load the system on your chart.
Bottom Line
The One Forex Strategy is well worth adding to your trading collection. A good forex strategy will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex trading system provides false signals occasionally. Its performance will vary significantly depending on market conditions.
Download Free MT4 One Forex Strategy
To download the One Forex Strategy for Metatrader 4 (MT4) for free just click the button below:
One Forex Strategy Free Download
