Crocodile is known as the swamp killer, which has many videos about how skillfully it hunts. Today I will introduce to you a trading strategy describing its hunting called Crocodile Dundee in the VIP trading strategy section of Olymp Trade platform.
What is Crocodile Dundee strategy?
Crocodile Dundee is a trend trading strategy based on a combination of 3 indicators. It gives investors highly accurate entry points. Many people use this strategy as an effective profit seeking tool in Olymp Trade.
How to set up Crocodile Dundee trading strategy
After logging in to your account, click on the indicator box and select the following 3 indicators:
Note: You can use the default settings of all 3 indicator. No need to change anything.
How to enter orders
When there are many indicators appearing in one strategy, the conditions for entering a trade will be safer. Since then, the safety is guaranteed at an almost absolute level. Through the filter, the noise signals from the market are eliminated. We will have 3 conditions to enter orders as follows:
Open an UP order when the Alligator indicator moves from the bottom to the top definitively. At the same time, the Gator indicator expands and the Awesome Oscillator crosses the 0 line from below.
Open a DOWN order when the Alligator indicator moves downward strongly. At the same time, the Gator indicator expands and the Awesome Oscillator crosses the 0 line from above.
How to manage capital
Remember that capital management is the key to make profits. Do not subjectively skip planning at this step. If the entry points appear continuously in a long trend, you should reduce the trading volume in later orders.
When the trend has gone further, the possibility of its reversal is very high, which makes you vulnerable to risk. There is no need to rush to use Martingale or compound interest. Your account will still grow steadily.
Crocodile Dundee trading strategy is very famous around professional traders who make steady profits and see trading as a real job. Because of that, its value will be far different from other common ways of trading. It’s no coincidence that you have to deposit up to $2,000 to be allowed to see it.
I just told you how Olymp Trade VIP members make money. The rest is up to you. You can test and turn it into your own strategy to bring profits every week and month. Remember to trade on a Demo account to take no risks. See you in the next articles.