Use These Olymp Trade Trading Strategies and Earn More.
Trading online can generate excellent extra income for large or small investors in the digital age. It makes many new traders curious about which Olymp Trade strategy is the best for them.
There is no “best” answer for which strategy on Olymp Trade is right for you, but here you will find two of the most consistent trading strategies used by professional investors with a long history of successful trading. Take a look at them to see which one is the best fit for you.
You can put these and other Olymp Trade strategies into action using your existing account. If you don’t have an account yet, go here to create it.
As is true with any skill, trading strategies need to be practiced, and Olymp Trade’s Demo account is the perfect sandbox for honing trading skills. Free and in real time, this tool can be the difference between big profits and losses. Be sure to practice your strategy before using it with real money.
Sliding on Averages Trading Strategy
Sliding on Averages is a great 5-10 minute trading strategy that is perfectly suited to Olymp Trade’s Fixed Time Trade mode. However, you can also use it in Forex mode if you wish. This trading strategy uses a combination of two different settings of the Simple Moving Average (SMA) indicator.
This Olymp Trade trading strategy is not overly complex and can be set up on your customizable chart in only a few seconds. It is highly intuitive, but there is a helpful tutorial on the platform’s site in the Education section with a video if needed.
Here is an example of how you can apply Sliding in Averages in FTT:
- Select an asset you are interested in trading and set your chart’s timeframe to 5 minutes.
- ?lick on the indicator selection button and choose SMA twice. Next, you will need to edit the settings for each of the SMAs. Set one of them to “60” and the other to “4”. You may use contrasting colors for the “short” and “long” SMA to make them look different.
- Now that your chart is all set up, you will want to change your trade “duration” to 10 minutes. In this strategy, the duration is double the chart timeframe. Therefore, a 5-minute chart means 10-minute duration. The amount of the trade will depend on each investor and their preferences but makes no difference when using this Olymp Trade trading strategy.
- You will now need to identify when to execute a trade, and with this trading strategy, it is very simple to understand precisely when. What you will be looking for is when the “short” SMA intersects with the “long” SMA. When this happens, you should open either an Up or a Down trade depending on the direction of the “short” SMA as it crosses the “long”.
Quick Turn Trading Strategy
This Olymp Trade strategy requires the use of some different indicators, but it is still a simple process to set up on your chart, and it is equally accurate in indicating entry points for profitable trades, making it an extremely popular trading strategy on Olymp Trade.
In our example, we will again use Olymp Trade’s Fixed Time Trade mode, but traders can use Quick Turn in Forex and Stocks modes as well. One reason that Fixed Time Trades work very well with this strategy and the Sliding on Averages strategy is that they don’t require large swings in prices to be profitable.
With Fixed Time Trades on Olymp Trade, the investor only needs to forecast price movement Up or Down, and the increase or decrease in price is irrelevant. On a Fixed Time Trade, if the price increases/decreases in the timeframe selected by the trader by any amount as forecast, the trader makes a profit as long as they forecast the correct direction and timeframe.
Let’s see how Quick Turn works for FTT.
- Select an asset of your choice and set the chart timeframe for 5 minutes. However, this time, the duration of the trade should be set to 3 times the chart timeframe or 15 minutes.
- Three indicators will need to be used for this trading strategy, and the settings will need to be customized. Go to the indicators button and select WMA (Weighted Moving Average), Parabolic SAR, and the Stochastic oscillator.
- Next, edit the settings for the WMA and the Parabolic slightly. Change the WMA setting to “7” and the Parabolic to “0.09”. The colors used are up to the trader’s own preference. There is no need to edit the parameter of the Stochastic oscillator on the Olymp Trade platform, as the default settings are already optimal for this trading strategy.
- After the indicators, chart, and trade information is all set, it is time to look for opportunities for trading entry points. Using this Olymp Trad? strategy requires an agreement between each of the indicators used in the strategy if it is to remain accurate for a trading forecast.
Traders should look for moments in the chart where the price of the asset is about to “turn.” One of the best ways to understand when this will occur is when the market for the asset is overbought or oversold.
The Stochastic oscillator helps traders identify when this has happened when it moves outside the top or bottom bars of the Stochastic indicator. When this happens AND the Parabolic dots change their position from either below or above the current price, it shows that the price of the asset is reversing or making a “turn.”
This trading strategy can be used for Down trades as well, provided that the conditions demonstrate a reversal of the price downward.
Price reversals occur every day with nearly all assets, and this provides investors with dozens of opportunities to implement this trading strategy and profit on multiple different assets consistently. It is one of the reasons that the Quick Turn trading strategy is very popular with many investors, including beginners.
Try an Olymp Trade Strategy in Practice
Opening an account on Olymp Trade will allow investors to not only check out these trading strategies but also gives access to additional trading strategies for free. Additionally, the platform’s users are given a Demo account where they can test out the trading strategies themselves without risking any of their own capital. It’s funded with replenishable Ð10,000 that can be used for safe practice.
With a variety of trading strategies, some of which only require one minute to make a profit, the minimum trading amount of $1, and a minimum deposit of only $10 USD, it is easy to see why Olymp Trade is both popular in India and globally.
To benefit from all these advantages and test the Olymp Trade strategies described above, use this link to open an account on the platform.
For your convenience, the registration procedure is made simple and intuitive. However, if you need step-by-step guidance, you may find detailed instructions in this article.
Despite what many people think, trading doesn’t have to be complicated, and it doesn’t require a huge investment. Using these great trading strategies on Olymp Trade can definitely be an investor’s ticket to reaching their financial dreams.
