Daily Single Trade [SMRT Algo]

7 gru

The Daily Single Trade Indicator by SMRT Algo is a powerful yet simple tool designed for traders who value precision, discipline, and a focus on high-quality trade setups. With a unique approach, this indicator identifies just one signal daily, making it ideal for traders who prefer a structured and stress-free trading routine.

Please note that this indicator only works for timeframes below 1H.

Key Features:

• Market Open & Pre-Market Analysis: The indicator focuses on the market’s opening range and identifies breakout opportunities based on price action during these critical periods.
  
  
• Customizable Risk-Reward Ratio: Plan your trades with precision by setting your desired RR, ensuring that your take-profit (TP) levels are multiples of your stop-loss (SL). Stop loss is not shown with this indicator.
  
  
• Price Offset for SL: Add a customizable buffer to your SL and TP levels. This offset accounts for market volatility, reducing the chances of premature stop-outs while maintaining alignment with your trading plan.
  
  Increasing this value will lead to a greater invisible stop loss, which will increase the TP size. The opposite is occurs when decreasing this value (less than 0). If you set it as 2.5 for example for TSLA: price is 340 and SL is 330 for example, SL becomes 327.5. This calculation will then be applied to calculate the TP.
  
  In simple terms, if the offset is positive, SL becomes larger, TP becomes larger as well.
  
  
• Exit Point Visibility: Display exit points on your chart to better visualize trade targets and stop levels.
  
  
• Adjustable Market Open Time: Easily modify the market open hour and minute to suit your asset’s trading session. For example, U.S. stock traders can set the market open time to 9:30 AM EST (UTC-5).
  

By providing a single signal each day, the indicator minimizes overtrading and keeps your focus on the best opportunities.

With predefined SL, TP, and RR settings, the indicator fosters disciplined trading, reducing the influence of emotional decision-making. Whether you’re trading stocks, indices, or forex, the customizable market open time and RR ratio make this indicator versatile and adaptable.

The combination of precise SL and TP calculations with offset pip adjustments helps protect your trades from market noise while maintaining a favorable RR.

Perfect for those who can’t monitor markets all day, the single-signal approach allows you to execute a high-quality trade and move on with your day.

How to Use:

• Set the Market Open Time: Adjust the open time to align with your asset’s session. For example, set 9:30 AM EST for U.S. stocks.
  
  
• Define Your Risk-Reward Ratio: Choose an RR multiple (e.g., 1:2 or 1:3) that aligns with your risk tolerance and trading goals.
  
  
• Apply Pip Offset: Add a buffer to your SL and TP to account for market volatility and reduce false stops.
  

The Daily Single Trade Indicator simplifies trading by focusing on one high-probability setup per day. It’s perfect for traders looking to maintain consistency, improve risk management, and reduce the stress of overanalyzing the markets.

How Alerts Work:

• Individual Alerts: Set separate notifications for specific actions, such as breakout signals, take-profit levels, or stop-loss activations.
  
• Master Alert: Manage all notifications with one streamlined setting, ensuring you never miss an opportunity while keeping your setup simple and efficient.
  

Take control of your trading with a strategy built for clarity, precision, and success!