Have you ever been tired of searching for a trading strategy of your own in Olymp Trade among hundreds of indicators? It is difficult as you do not know how to combine them to have the safest strategy.
Not to mention, you also have to spend a lot of time checking if that strategy would work. Most websites only post trading strategy instructions without any practical application examples.
At olymptradeclub.com, we don’t just talk in theory. At the end of every article about a trading strategy in Olymp Trade, there will always be a review of that strategy on a Real account. In this article, I will review the Confrontation trading strategy that was posted a few days ago.
Confrontation is a pure strategy of technical indicators. If you are a follower of Price Action, you can also take a look to see the superiority that these indicators bring.
Review the Confrontation trading strategy in Olymp Trade
There are many entry opportunities within a day. However, for me, 5 trading orders were enough for a day with the EUR/USD on April 29.
1st order: Bulls Power and Bears Power indicators cut the 0 line from below. At the same time, the Parabolic indicator was below the candlestick chart => Opened an UP order with an expiration time of 2 minutes.
2nd order: Bulls Power + Bears Power cut the 0 line from below and the Parabolic indicator was below the candlestick chart => Opened an UP order with an expiration time of 2 minutes.
3rd order: The trend was down when the Bulls Power and Bears Power indicators cut the 0 line from above. At the same time, the Parabolic indicator was above the candlestick chart => Opened a DOWN order with an expiration time of 2 minutes.
4th order: Bulls Power + Bears Power cut the 0 line from below. In addition, the Parabolic indicator was below the candlestick chart. It was eligible to open an UP order safely with a 2-minute expiration time.
5th order: Bulls Power + Bears Power cut the 0 line from above. Besides, the Parabolic indicator was above the candlestick chart => Opened a DOWN order with an expiration time of 2 minutes.
The indicator is an effective filter for investors
In my experience, the indicator will act as a filter. That is, information from the price will flow through the indicator to be converted into a language that is easier to understand. When you look at this type of information, you will analyze it more easily.
You can also quickly get a grasp of what’s going on in the market. The deeper you understand a certain type of indicator, the more you will find that they also provide repeatable price patterns, golden signals.
However, indicators also have a number of disadvantages that make it easy to become lazy to analyze. There will be times when you try to find signals from them or you will deliberately install a lot of indicators into the strategy set. Then, a mess will appear on the screen, and you will no longer know where to troubleshoot from.
Use only the indicators that are absolutely essential to your Olymp Trade trading strategy
There is one mistake that most new investors entering the market make. The mistake is that they always have to set a lot of indicators on their trading screen at all times. That makes them feel safe before making a transaction. And I think you can imagine the results as well.
It is also understandable because their amount of knowledge and analytical skills are limited. Therefore, beginners often stick to the indicators to look for entry signals. At a certain point, they will realize that too much is not good and that they should start with the things that are absolutely necessary. If you are going to climb the mountain, there is no need to bring a diving suit.
For a perfect strategy, you need to put the indicators together. They must form a unified block, producing orders with a high probability of winning. It is no coincidence that the Confrontation trading strategy consists of 3 technical indicators. All are the intentions of the author. The purpose is to complement each other to limit the interference signals.
A picture is worth a thousand words. After reading through the review of the Confrontation trading strategy, have you seen its effectiveness? If not, please test it yourself on the Demo account at the link below.
It is best to take the time to sharpen the ax (strategy) well before chopping (profiting). I hope you can find the right Olymp Trade strategy for you in this small blog.