Let’s discuss a very interesting strategy based on Eliott’s theory of the five waves, three of which are in the direction of the trend. How does it contribute to trading success?
Everybody can find his or her own interesting and profitable strategies among many existing trading strategies. If you are trading in the medium range and if you already use a wide range of instruments available at the Olymp Trade, we suggest you pay attention to the Cobra strategy. It will help you trade any currency following clear signals and make good money.
The parabolic system is a good complement to many technical analysis strategies. However, Parabolic SAR is of little interest on its own. The reason for this is its duality, because of which it is unable to recognize periods of low market activity (flats). But in combination with other trend indicators or oscillators, Parabolic shows all its advantages. In this article, we will conduct a detailed review of an SAR-based strategy for Olymp Trade with additional ADX filtering.
The Alligator is a classic trend indicator which is included in the top 5 most popular tools for market analysis. It works well with the Awesome Oscillator, since its developer Bill Williams created it specifically for use with the Alligator and Fractals. In our case, the strategy is complemented by the most popular oscillator – the Relative Strength Index (RSI). The system is suitable for Olymp Trade and allows you to trade 1-minute fixed contracts.