Olymp Trade Working Trading Strategies (1)
Olymp Trade statuses
Statuses on Olymp Trade are used to define account levels attained by progressing through Trader’s Way. The more an Olymp Trade user trades on the platform, the higher their status, and the more trading privileges and tools are provided. Olymp Trade has three statuses: Starter, Advanced and Expert. Learn more about statuses here.
When creating an account on Olymp Trade, you receive the Starter status, which provides the following fixed time trading strategies:
These strategies are available in the Technical Analysis window, at the bottom after the Indicators list 🔽
Japanese Pearl
The Japanese Pearl strategy uses the Ichimoku Cloud indicator and Heikin-Ashi candles. This fixed time trading strategy can be used for timeframes ranging from 10 minutes to one hour, and the duration of the trade should be three times longer than the chosen timeframe. For example, if you choose to use the Japanese Pearl strategy on a 10-minute time frame, the duration of the trade should be 30 minutes.
The main signal of the strategy is the Ichimoku Cloud’s Tenkan and Kijun lines crossing each other. These lines are colored in yellow and red, respectively, by default.
Whenever the Tenkan line crosses the Kijun line from top to bottom, it is a sell signal. The buy signal appears when the opposite happens: the Tenkan line crosses the Kijun line from bottom to top.
Whenever the Tenkan line crosses the Kijun line from top to bottom, it is a sell signal.
The buy signal appears when the opposite happens: the Tenkan line crosses the Kijun line from bottom to top.
Japanese Trend
The Japanese Trend strategy is based on the RSI indicator and Heikin-Ashi candles. This strategy is for quick trades, and should be used in timeframes ranging from five to 30 minutes.
The trade duration should be twice as long as the timeframe used. For example, if you use a 10-minute time frame, the duration of the trade should be 20 minutes.
The buy signal occurs whenever the RSI crosses the 50 level from bottom to top and there is a clear uptrend on the Heikin-Ashi chart.
On the other hand, a sell signal occurs when the RSI crosses its level 50 from top to bottom and there is a clear downtrend on the Heikin-Ashi chart.
Onwards
Now you’re familiar with two of the five strategies for fixed time trading that are available to Starters. In our opinion, the Japanese Trend strategy is the easiest for beginners, as its signals are clearest. Meanwhile, the Japanese Pearl strategy is suited for beginners with some knowledge of moving averages and how to work with them. However, keep in mind that the best strategy for fixed time trading is the one that suits you the most.
Both strategies are great, but there are still three more. Stay tuned and check them out in our second part of this series on the best fixed time trading strategies for beginners!
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Our channel where you will get more strategies - @olymp_trade_strategies