Japanese Trend Strategy | Use This Trick to Pick Reliable Signals In Olymp Trade | Strategy is Based on RSI and Heiken Ashi.

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How would you love to start making consistent profits in Olymp Trade?

Have you tried using our most recent strategies (the trio and quick turn) to improve the quality of your trades?

Today we yet introduce another easy-to-use trading strategy (the Japanese Trend Strategy) involving two frequently used trading tools.

The RSI  and Heiken Ashi.

Ideally, this strategy involves trading using the direction of the price.

Signals from both the RSI and Heiken Ashi are used to determine the direction of a trend and to find points of entry into the market.

How to Set up Your Signals Powerhouse With RSI – Heiken Ashi Trading Tools.

  1. Login to your Olymp Trade Account and choose either of these assets – EUR/USD, USD/CAD, GBP/USD, AUD/USD. If you don’t have an account in Olymp Trade, Join Here.

These currency pairs are ideally suited to trading using the Japanese Trend strategy.

How to Set up Your Signals Powerhouse With RSI - Heiken Ashi Trading Tools.

2. Switch to Heiken-Ashi and set a time frame for 5 to 30 minutes.

How to Set up Your Signals Powerhouse With RSI - Heiken Ashi Trading Tools.

3. Add the RSI oscillator to the chart. You don’t need to make any adjustments – use the standard period of 14.

How to Set up Your Signals Powerhouse With RSI - Heiken Ashi Trading Tools.

Now that we have our tools set up, let’s try to pick our first trading signal.

Also Read: – How to use the RSI to Find Entry Points in Olymp Trade.

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

How to Pick “Up Trade” Signals With The Japanese Trend Strategy.

To win up trades with this strategy, wait for these 2 signals.

  1. The RSI oscillator rises above 50.
  2. The Heiken-Ashi candlestick has a clear rising trend.

How to Pick "Up Trade" Signals With The Japanese Trend Strategy.

As soon as the next candlestick starts to form on the chart, open a UP trade.

Like in all the other indicators and oscillators previously discussed here, the expiration time should either equal the time frame of the candlestick or double it.

For example, if the time frame is 5 minutes, then the expiration time should be 5-10 minutes.

If the time frame is 30 minutes, then the expiration time should be 30-60 minutes, etc.

How to Pick “Down Trade” Signals With The Japanese Trend Strategy.

To win down trades with the Japanese Trend Strategy, wait for these 2 signals.

  1. The RSI oscillator falls below 50.
  2. Wait until the RSI oscillator falls below 50.

How to Pick "Down Trade" Signals With The Japanese Trend Strategy.

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

The expiration time should either equal the time frame of the candlestick or double it.

For example, if the time frame is 5 minutes, then the expiration time should be 5-10 minutes.

If the time frame is 30 minutes, then the expiration time should be 30-60 minutes, etc.


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

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