Most Effective Olymp Trade Tricks

Most Effective Olymp Trade Trading Tricks

The best effective method in trading with Olymp Trade is using Bollinger Bands combined with Exponential Moving Averages (EMA). This method is particularly useful for trading on OTC platforms like Olymp Trade.

Our trading strategy focuses on the crossing lines of Bollinger Bands and EMA. 

• Trading Timeframe: We trade for 2 minutes on a 5-second trading candle.
• Trading Indicators:
  • Bollinger Bands: Set with a Simple Moving Average (SMA) of 40 and a standard deviation of 3.
  • EMA: Set with a period of 5.

Olymp Trade Trading Signals

When we observe the following conditions, we consider it a good opportunity to trade:

1. Crossing Situation: Look for scenarios where the yellow line of the Bollinger Bands crosses the red EMA line.
2. Forex Market Condition: It’s best to trade in a sideways market for lesser risk. Trendy markets can make higher returns, but they come with increased risk.