Barcode Strategy Explained | How I Make At Least $1,000 Daily Trading

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If you have watched my latest videos for Olymp Trade on Youtube then you must have noticed that I have a good winning streak. To say the least, I make an average of $1,000 daily trading with the simplest trading strategy. The Barcode Strategy.

But for someone who has not watched my videos and has just bumped into this post, what is the barcode strategy, how does it work and how can newbies, advanced or expert traders leverage it to make more money in Olymp Trade?

The barcode trading strategy is an advanced trading strategy in Olymp Trade that’s so easy to set up yet so profitable if followed to the latter.

Unlike other advanced trading strategies, the barcode only uses one technical analysis tool to give trading signals, the DeMarker tool.

What is the DeMarker Indicator?

The DeMarker indicator (commonly referred to as DeM) is a tool used by technical traders both for entry and exit signals.

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The tool compares changes in intraday highs and lows to give short-term price action-based signals.

How to Setup The Barcode Strategy in Olymp Trade.

  1. Login to your Olymp Trade account, or register here if you don’t have an account.
  2. Change your chart type to Japanese candlesticks.
  3. Change the chart timeframe to 1 minute
  4. For this strategy, choose currency pairs with high volatility. For example, EUR USD.
  5. Also, Trade on a 1-minute duration.

Barcode Strategy Buy Signals for Olymp Trade 

Enter a trade when a bar of a new color appears

For buy trades, watch out for a green bar appearing above the 0.5 level of the DeMarker tool.

BUY SIGNAL

Barcode Strategy Sell Signals for Olymp Trade 

Enter a trade when a bar of a new color appears

For down trades, watch out for a red bar appearing below the 0.5 level of the DeMarker tool.

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1 Best Brokers in 2019
  • Earn up to $1,000 daily
  • $10,000 Demo units await.
Earn real money with your phone.

Sell SIGNALS


*Risk warning:

The information provided does not constitute a recommendation to carry out transactions. When using this information, you are solely responsible for your decisions and assume all risks associated with the financial result of such transactions.
 

Start Trading 

Happy Trading

Kenn Omollo

One Response to “Barcode Strategy Explained | How I Make At Least $1,000 Daily Trading”

  1. I’ve tried this strategy which works perfectly on demo but having difficult in depositing with MasterCard

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