I have had many articles about how to trade Olymp Trade safely. But everything is just theoretical. You can review here: Unbeatable trading strategy in Fixed Time Trade: Trend + Signal? (Part 4/20).
And today, we will apply these theories to trading in an uptrend. This is to verify the effective and safe trading strategy in Olymp Trade using trends and signals.
Video on trading in Olymp Trade and withdrawing on July 13
On July 13, the EUR/USD pair had an uptrend long enough for me to make money. I opened 6 orders: 1 Forex order and 5 Fixed Time Trade orders (4 wins – 1 draw – 1 loss). The total profit is $44. Please watch the video to verify this safe trading strategy in Olymp Trade.
How to identify an uptrend in practice
Characteristics of an uptrend:
(i) The following trough is higher than the previous trough: Trough (B) is higher than trough (A).
(ii) The price exceeds peak (1) and creates peak (2) which is higher than peak (1).
So now, you can say that the market has entered an UPtrend. At this time, we must only open UP orders.
Why do we need to open at least 1 Forex order when the market is in an uptrend?
In Forex, we cannot make money as fast as Fixed Time Trade, but it is safe. Moreover, if it’s a long uptrend, you absolutely can earn many times the amount of investment.
At the same time, opening a Forex order at first will help you explore the market. If your verification is correct (real uptrend), then your Forex order will be profitable. But if the price turns around (fake uptrend), you will only lose a small amount of money because you have set a fixed stop-loss before.
In Olymp Trade, you need to coordinate both types of trading which are Fixed Time Trade and Forex. And for your safety, please remember: Open a Forex order in advance for exploration with a stop-loss at 30%. After confirming that the market is in an uptrend, wait for entry signals and open Fixed Time orders.
How to trade safely in Olymp Trade
Here’s my own setup before starting trading: A 5-minute Japanese candlestick chart, an expiration time of 5 minutes, a $20 investment for 1 order.
Entry signals for Forex trading
Prices exceed the peak and go up. The EUR/USD pair officially enters an UPtrend => Open an UP order. Set the stop-loss at $6 to protect your account (in case the price goes down)
And while the price is rising, you need to move the stop-loss higher to protect the outcome.
If you do not understand or do not know how to use this Forex trading strategy, please see the detailed article: The Easiest Way To Make Money In Olymp Trade: Determine The Trend (Part 3/20)
For example, on July 13:
On the 5-minute candlestick chart, the EUR/USD price surpassed the peak and retested the peak just passed with a Bullish Pin Bar candlestick. Opened an UP order in Forex. Set the stop-loss at $6 without setting the take-profit. I won this Forex order and earned more than $17.
Entry signals for Fixed Time trading in Olymp Trade
In an uptrend, the price will continue to rise and create higher peaks after peaks. And when the price retests to these peaks, you can open an UP order. Please review this article: What is Retest? Why is it so magical in technical analysis?
For example, Fixed Time orders opened on July 13
2nd order: In the uptrend, the price retested the peak just passed. Opened an UP order with an expiration time of 5 minutes => I won.
4th order: The price retested the old peak zone to create a Bullish Pin Bar candlestick. Opened an UP order with an expiration time of 5 minutes => I lost.
5th order: It was the retest signal again. Opened an UP order with an expiration time of 5 minutes => I won.
You can watch it all in the video about Olymp Trade Trading at the beginning of this article.
Signals of ending an uptrend
(i) The following peak is lower than the previous peak: peak (1’) is higher than peak (2′).
(ii) The following trough is lower than the previous trough: trough (A’) is lower than trough (B’)
At this point, the uptrend ends. Either you stop trading, or you wait for the market to confirm the downtrend trend to open DOWN orders. Remember: We only trade when the market trend is clear (downtrend or uptrend).
The last line
In this article, I have detailed as much as possible the trading orders in an uptrend. Trading signals are the retest points in an uptrend. This deems to be a very safe trading strategy in Olymp Trade.
And now we will conclude some issues:
- An uptrend is confirmed when you identify: The following (i) peak and (ii) trough are higher than the previous ones.
- In an uptrend, you can only open UP orders.
- Explore with 1 Forex order and set the stop-loss at 30%. It is to be sure that the market has entered an uptrend.
- Focus on high-precision signals to trade. This is when the price retests the old peak just passed.
So, the series with 20 articles about consecutively making money in Olymp Trade has completed by 5 articles. I also have strong proof of withdrawal. And now, I give detailed instructions on how to trade via photos and the above video. You can see the detailed articles here: