The One Forex Strategy falls into the category of forex swing trading strategy. Advanced forex market momentum tools set this trading strategy with trade filters that work together to identify potentially profitable forex trade setups.

The One Forex Trading Strategy fits all kinds of mt4 timeframes and currency pairs. It is displayed directly on the main forex trading chart and in two windows below it. The default settings can be modified now from the input tab. Feel free to test with the forex indicator settings and parameters to fit your preferences.

How to trade with the One Forex Trading Strategy?

The One Forex Trading Strategy consists of three complex indicators: THV Coral, Bamsbung with CCI, and SRCC. A detailed description is the following:

• THV Coral: The forex indicator 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 is an advanced combination of two powerful momentum indicators. When its value rises 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 overbought. Conversely, the market is clearly under the oversold condition when it drops around five.

Buy Signal

Follow these steps for a long trade:

• THV Coral draws an upward arrow
• Bamsbung with CCI value bounces up from the -35 level with a bullish crossover.
• SSRC value drops near 5 level
• Buy-entry trade is triggered after the mentioned conditions are met.
• Set stop loss (SL) a few pips below the last swing low of the market.
• Take profit(TP) or exit trade whenever the Risk: Reward ratio hits 1:1+ (or better), or use your preferred method of trade exit.

Sell Signal

Follow these steps for a short trade:

• THV Coral draws a downward arrow
• Bamsbung with CCI value drops from the -35 level with a bearish crossover.
• SSRC value rises near 95 level
• The sell-entry trade is triggered after the mentioned conditions are met.
• Set stop-loss a few pips above the last swing high of the market.
• Take profit or exit trade whenever the Risk: Reward ratio hits 1:1+ (or better), or use your preferred method of trade exit.

As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when to trade and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility, 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.zip archive at the end of this article, unzip it, then copy and paste the mt4 forex indicators files of the One Forex Strategy into the MQL4 Data 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, you must copy the template file into the templates folder to run the One Forex Strategy. To proceed, right-click on a chart, then Template > Open Templates, and copy the One Forex Strategy. tpl file into that template folder. Please select the file and Open it to load the strategy on your chart.

Bottom Line

The One Forex Strategy is well worth adding to your trading collection. A good forex strategy will enhance your chance of success. Nonetheless, remember to have realistic expectations. Like any other technical analysis tool, it cannot provide accurate signals 100% of the time. This forex trading strategy gives false entry signals occasionally. Its performance will change depending on market conditions.

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