How to use the Early Start Trading Strategy to Enhance your Orders in Olymp Trade

Sportsbook
Features
Bonus
Rating
REGISTER
1
  • Trade with $1
  • Earn up to 90% profits
  • Easy deposits
  • Fast withdrawals
Sign up and make up to $1,000 daily.

Early Start trading strategy is a trend strategy that uses the EMA indicator and the Bears Power oscillator to give signals.

If used as described below, traders will be able to find the optimal points for entering the market.

See to it that your chart is set to the following parameters before placing your next trade.

Getting Ready to Trade with the Early Start Trading Strategy.

  1. Open the platform and choose one of the following assets: EUR/USD, USD/CAD, GBP/USD.

This strategy works best with the above currency pairs.

Best Trading strategies in Olymp Trade

2. Now switch to Japanese Candlestick chart and set your chart’s time frame for one hour.

Done that?

3. Go ahead and add the EMA and Bears Power indicators to your chart and set them up.

For EMA, set a period of 34.

Olymp Trade trading strategies

For the Bears Power indicator, change the display setting to “Histogram”.

How to Place Winning UP Trades with the Early Start Trading Strategy on Olymp Trade.

To win with this strategy, watch out for these three signals: –

Sportsbook
Features
Bonus
Rating
REGISTER
1
  • Trade with $1
  • Earn up to 90% profits
  • Easy deposits
  • Fast withdrawals
Sign up and make up to $1,000 daily.
  1. Your trading chart passes above the EMA indicator.
  2. The lines of the Bears Power indicator are in the lower, negative area and increasing.
  3. The last candlestick closes higher than the moving average.

Winning with the early start trading strategy

As soon as a new candlestick starts to form on the chart, open a UP trade for 1-3 hours.

The expiration time is 1-3 times the chosen time frame of the candlestick.

How to Place Winning DOWN Trades with this Strategy.

To win down trades with this strategy, watch out for these three signals: –

  1. Your chart passes below the EMA line.
  2. The lines of the Bears Power indicator are in the upper, positive zone and decreasing.
  3. The last candlestick closes lower than the moving average.

Winning with the early start trading strategy

As soon as a new candlestick starts to form on the chart, open a DOWN trade.

The expiration time is 1-3 times the chosen time frame of the candlestick.

How not to lose money in Olymp Trade While trading with this strategy.

Only open a trade after you observe the 3 signals.

This strategy is not recommended when you are trading currency pairs with JPY, stocks, indices, or commodities.


*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.
******

. olymp tradeTry Trading | Register demo account

Kenn Omollo is an investment writer and a business management consultant at Joon Online Limited. Reach him at - kenn@joon.co.ke

Comment on this post