Trading Success with Olymp Trade: Smart Trade Version 2 Indicator
The Olymp Trade Signal Generator is a MetaTrader chart tool built around the Smart Trade Version 2 indicator. Instead of forcing you to read raw candles on your own, it watches price action on the chart and produces clear call (buy) and put (sell) alerts the moment its conditions line up. You run the indicator inside MT4 or MT5, keep the same chart open beside your Olymp Trade platform, and use the arrows and alerts as decision support when you plan a short-term option trade.
It is important to be honest about what a signal generator is and is not. It is a rules-based helper that flags moments where a setup has formed. It is not a promise of the outcome of any single trade. Markets move on their own, and every alert should be treated as one input into your own judgement, alongside the trend, the session, and your risk plan.
How the Signal Generator Produces Its Alerts
The tool combines the Smart Trade Version 2 logic with a longer Exponential Moving Average (EMA) as a trend filter. The EMA, commonly set to a period of 40, gives you a simple read on direction: when price and the signal arrows sit above the EMA, the bias is upward; when they sit below it, the bias is downward. The generator then prints a call arrow when a reversal forms in an uptrend and a put arrow when a reversal forms in a downtrend. Aligning the alert with the EMA direction is what keeps you trading with the broader flow rather than fighting it.
Recommended Settings
You do not need a crowded chart to use this tool. A clean layout keeps the alerts easy to read:
- Primary signal: Smart Trade Version 2, left on its default sensitivity to start.
- Trend filter: EMA with a period of 40 applied to the close.
- Instruments: standard major currency pairs, which tend to move more smoothly than exotic or very thin markets.
- Alerts: enable the on-chart pop-up or sound alert so you never have to stare at the screen waiting.
How to Trade a Signal: Call or Put
When an arrow appears, work through a short checklist before you act. First, confirm the arrow agrees with the EMA bias. A call arrow above the EMA and a put arrow below it are the cleaner setups. Second, check that the session is active and the pair is actually moving, since flat, low-volume periods produce weaker signals. Third, place your option in the direction of the arrow only once the signal bar has closed, which reduces the chance of acting on a candle that later repaints. If any of those checks fails, it is perfectly reasonable to skip the alert and wait for the next one.
Best Timeframe, Expiry and Risk
This generator works well on the lower timeframes that short-term Olymp Trade options favour, such as the 1-minute chart, with an expiry that matches roughly one to two candles of that timeframe. Keeping the chart timeframe and the expiry aligned is what makes the alerts meaningful. On risk, treat each trade as a fixed, small share of your balance and decide your daily limit before you start. As we have traded this setup ourselves, we have also taken losing trades, and the difference over a session came from steady position sizing and stopping at a planned point rather than chasing a bad run. Consistency in how you size and exit matters far more than any single alert.
If you want the full indicator package, the $39 lifetime access unlocks Smart Trade Version 2 along with every other tool on the site for MT4 and MT5. You may also like our guides on the Olymp Trade best signal indicator, our roundup of the top 5 Olymp Trade indicators, and the approach in Olymp Trade best signal for 1 minute.
FAQ
Is the Olymp Trade Signal Generator automatic?
No. It prints call and put alerts on your MetaTrader chart, but you place each option yourself on Olymp Trade. That keeps you in control of timing, position size, and whether to skip a weak setup.
Which timeframe works best?
Short-term traders usually run it on the 1-minute chart and match the option expiry to about one to two candles. Keeping the chart timeframe and expiry aligned makes each alert easier to act on.
Do the signals work on every pair?
They read most cleanly on standard major currency pairs during active sessions. Thin or very choppy markets produce noisier alerts, so it is better to wait for a pair that is genuinely moving.
This content is for educational purposes only. Trading involves risk. Past results do not guarantee future outcomes. Always practice responsible money management and limit your daily trades to avoid large losses.
