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Strategies on Olymptrade: How they work

Written by Maya

Strategies are combination of indicators and oscillators that work together to give recommendations for entering and closing points of trades. You can choose one of the free strategies, subscribe to a paid advanced strategy, or even create your own strategy.

In this article, you’ll learn about different trading strategies, how they work, how to create your own strategy, and how to manage strategy subscriptions.

📝 Available trading strategies

  • The Relative Strength Law is a counter-trend strategy that uses the RSI oscillator to execute trades based on trend reversals.

  • For an Up trade, open a position when the RSI crosses above 30%. For a Down trade, open when the RSI crosses below 70%.

Relative Strength Law

  • The Japanese Trend strategy involves trading in the direction of price movement using the RSI oscillator and Heiken Ashi candles.

  • For an Up Trade, open a position when Heiken Ashi candles show an uptrend and the RSI crosses above 50%. For a Down Trade, open a position when the candles indicate a downtrend and the RSI crosses below 50%.

Japanese Trend

  • Uses two SMAs on a chart with a time frame of five minutes to one hour to identify trends. A strong trend shift occurs when the two lines intersect.

  • For a Down Trade, open a position when the SMA (4) crosses below the SMA (60). For an Up Trade, open when the SMA (4) crosses above the SMA (60). This simple strategy is effective for traders of all levels.

Sliding on Averages

  • Japanese Pearl is a trading strategy for time frames of 10 minutes to one hour, using the Ichimoku Cloud indicator and Heikin Ashi charts.

  • For an Up trade, look for the yellow Tenkan Sen line crossing above the red Kijun Sen line. For a Down trade, watch for the yellow Tenkan Sen line crossing below the red Kijun Sen line.

Japanese Pearl

  • Reflection is a counter-trend strategy that uses Stochastic Lines and Horizontal Lines, recommended for a 5-15 minute time frame.

Reflection

  • Uses two SMAs on a 5-minute to 1-hour chart to identify trends. A trend shift occurs when the lines cross.

  • For a Down Trade, open a position when SMA (4) crosses below SMA (60) and set the Stop Loss at the recent high. Close the trade when the lines cross again.

  • For an Up Trade, open when SMA (4) crosses above SMA (60) and set the Stop Loss at the recent low. Close the trade when the lines cross again. This strategy suits traders of all levels.

Average intersection

  • For an Up trade, look for an uptrend in Heiken Ashi candles, open the trade when the RSI crosses above 50% and the Awesome Oscillator is green. Set a Stop Loss below the nearest local minimum, and close the trade when the oscillator turns red.

  • For a Down trade, open when Heiken Ashi shows a downtrend, the RSI crosses below 50%, and the oscillator is red. Set a Stop Loss above the local maximum and close when the oscillator turns green.

Chasing the trend

  • The Japanese Classic strategy uses the Ichimoku Cloud and Heikin Ashi charts on time frames of 10 minutes to 1 hour.

  • For an Up trade, wait for the yellow Tenkan Sen line to cross above the red Kijun Sen line, set the Stop Loss at the recent low, and close the trade when the lines cross again.

  • For a Down trade, open when the Tenkan Sen crosses below the Kijun Sen, set the Stop Loss at the recent high, and close the trade when the lines cross again.

Japanese Classic

⚙️ How to create a custom strategy

You have the ability to develop your own strategies by utilizing the indicators and oscillators displayed on your chart. Here's how to create your own strategy:

  1. Choose the indicators and oscillators you want to use.

  2. Click the three dots in the upper-right corner of the 'Instruments' section.

  3. Select 'Save strategy' from the dropdown menu.

  4. Give your strategy a name.

  5. Choose which trading modes you want your strategy to be available in.

  6. Choose the type of chart you want your strategy to be displayed on.

That's all! You are now able to activate your own strategy.🎉

📚 How to subscribe strategies

  • At the left-sidebar, choose "Market," then scroll down and choose "Strategies."

  • Choose the strategy you want to use on the platform.

  • Choose whether you want to subscribe or try for free.

  • Choose the sub-account you want to subscribe through. And turn on "Auto-renewal."

You can get the paid Strategy by purchasing it in the "Market" section.

🧭 How to cancel a subscription

  • On your homepage, choose "Market" then "My purchases & Rewards.

  • Choose the strategy you want to cancel.

  • Turn off "Auto-renewal."

Once you subscribe to a "Strategy", it won't be canceled until the end of the month. However, you can cancel the auto-renewal at any time, unless it is 24 hours before the renewal date.

❓Does using strategies guarantee trading results?

You can choose whether to execute a trade based on a strategy. Strategies support market analysis, but they do not guarantee trading results, as outcomes may be affected by multiple factors. Market add-ons are provided for informational and analytical purposes only and should not be considered investment advice or recommendations. Always conduct your own research and analysis before trading.

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