Trio is a counter-trend strategy mostly used by beginning and intermediate traders in Olymp Trade.
It involves picking signals from 3 oscillators: – RSI, Williams %R, and CCI (Commodity Channel Index) and using the information to attempt to make small gains on the market by trading against the current trend.
By using this strategy traders can quickly and easily find trend reversal points and, accordingly, the optimum times to open a trade.
Follow the steps outlined below to set up this strategy in Olymp Trade.
The end result should be an area chart and lines formed below your chart like in the image below.
Should your oscillators come in form of a histogram instead of area charts, click on the pencil button above the percentages to edit to your preferred settings.
You will find the setting between the color button and period 14.
How to Set up The Trio Trading Strategy in Olymp Trade.
- Open Technical Analysis in a new window.
- Switch to the Japanese candlesticks chart and select a time frame.
- The recommended time frames for trading with the Trio strategy are 5, 10, 15, 30, and 60 minutes.
- Now add the RSI, Williams %R, and CCI indicators to the chart and set them.
You can access all these indicators by clicking on the indicator button as shown below.
Click on each of the oscillators (RSI, Williams %R, and CCI) once to add them to your trading chart.
How to Use This Strategy to Open Up Trades in Olymp Trade.
To ensure you win with this strategy, wait until a minimum of 2 of the following 3 signals appears.
- The RSI line goes above 30.
- The Williams %R line goes above -80.
- CCI line goes above -100.
Another condition for success is to set both your trading time and time frame to 5, 10, 15, or 30 minutes.
Alternatively, you can set the chart frames to 5, 10, or 30 minutes and the trading time to 10, 20, or 60 minutes.
Once all those conditions are met, open up trade.
How to Use The Trio Strategy to Open Down Trades in Olymp Trade.
To use this strategy for placing winning down trades, wait until a minimum of 2 of the following 3 signals appears.
- The RSI line goes below 70.
- Williams %R line goes below -20.
- The CCI line goes below 100.
Set both your trading time and time frame to 5, 10, 15, or 30 minutes for an improved success rate.
You can also make your trading time double the chart frame time to improve profitability.