FOREX ONE SYSTEM

Summary

The "Forex One System" is a trading strategy designed for use on the Metatrader 4 platform, particularly for the EUR/USD currency pair on a 1-hour chart. It provides a set of rules for generating buy and sell signals based on specific indicators and templates.

Key Components and Setup

  • Metatrader 4 Platform: A free trading software needed to run the system.
  • System Files: Download and unzip the Forex One System file to obtain the necessary indicators and templates.
  • Installation:
    • Copy the `.ex4` files (indicators) to the `C:\ProgramFiles\MetaTrader4\experts\indicators` directory.
    • Copy the `.tpl` file (template) to the `C:\ProgramFiles\MetaTrader4\templates` directory.
    • Restart Metatrader, open a 1-hour chart for EUR/USD, right-click on the chart, and apply the Forex One System template.

Buy and Sell Rules

Sell Signal

  • Red Moon: Indicates a possible sell.
  • Red Bar: Confirms the sell signal.
  • Enter Sell: Execute a sell order.
  • Stop Loss (SL): Set at 40 pips from the entry point.
  • Take Profit (TP):
    • TP1: 40 pips from entry, then move the stop to the entry.
    • TP2: 80 pips, then move the stop 50 pips.
    • TP3: 120 pips, then move the stop 50 pips.

Buy Signal

  • Blue Moon: Indicates a possible buy.
  • Blue Bar: Confirms the buy signal.
  • Enter Buy: Execute a buy order.
  • Stop Loss (SL): Set at 40 pips from the entry point.
  • Take Profit (TP):
    • TP1: 40 pips from entry, then move the stop to the entry.
    • TP2: 80 pips, then move the stop 50 pips.
    • TP3: 120 pips, then move the stop 50 pips.

Additional Notes

  • Best Currency: EUR/USD.
  • Best Timeframe: 1-hour chart (H1).
  • Testing Period: It's recommended to test the strategy on a demo account for at least 40 days to understand its mechanics and market conditions before using it on a real account.
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