In this article we will look at the popular strategy for Olymp Trade.
The Moving Average
The strategy is based on just one indicator. Simple moving average (SMA) or simple moving average is one of the most popular and simple tools.
SMA averages price data and helps you see trends. Visually represents a line.
It smoothly follows the schedule and, smoothing out random price fluctuations, shows the direction of movement of the asset value.
If you set not one but two moving averages with different periods on a chart, you can track signals for a price reversal.
Preparing for trading
Step 1. Open the indicators tab and select the SMA.
Step 2. Set the first “slow” line by setting the period to 60.
And choose a color like blue or red.
Step 3. Add a second “fast” SMA by setting period 4.
And choose any color other than the first. For example, green or yellow.
We open a deal ABOVE
Watch the indicator lines. If the “fast” SMA crosses the “slow” from the bottom up, this is a signal for concluding a deal to increase.
Open a deal BELOW
If the “fast” SMA crosses the “slow” one from top to bottom, this is a signal to close a deal.