2 methods to set the expiration of fixed-time derivatives at Olymp Trade


Expiry

The derivative transactions always have a fixed lifetime. When you open a fixed-time derivative for the amount and expected market direction, you must specify the time at which the trade expires. At Olymp Trade the minimum derivative’s duration is one minute. But you have to keep in mind that there are two ways on the platform to set expiration.

In this article, I will explain in detail what these two ways are and in what situations you can use them.

The specified period of time after which the derivative expires

When you want to open derivative trade, the platform allows you first to select a specific period of time after which it will expire. You can choose this time from the drop-down list or manually enter how many minutes the trade should last. The trade will last for the exact amount of time you have set. This time is counted precisely from the moment the transaction is opened.

In the picture below, notice that the transaction opened for one minute at 15:54:12.240 expired at exactly 15:55:12.240.

As a default option will expire after defined time
As a default derivative will expire after a defined time

This type of expiration date can be helpful if you want to use, for example, the candle color strategy we have described. We use five-minute candles there. To cover the duration of one 5-minute candle for a trade, you need to open the trade as soon as a new candle appears.

Setting around time for the trade to expire

Sometimes we just want to close the deal at a certain time. Then, when selecting the expiry time, select “Expiration” and enter the specific time. The pictures below show this action.

Choosing expiration time instead of options duration
Choosing the expiration time instead of derivative duration
You can define exact time when option will expire
You can define the exact time when a trade will expire

A transaction opened at any time will then be closed at the exact time you have previously specified. It is therefore independent of the opening time.

Trade was closed exactly at defined round time
The trade was closed exactly at the defined round time

You can use this type of expiration in the strategy described by us in the article: The Easy Way to Trade Candles at Olymp Trade.

Which method to choose?

As always, everything depends on many different factors. Here, above all, it depends on the strategy you use. Earlier, I have indicated 2 different strategies for two different expiration modes.

You can open a trade not later than 1 minute until expiration
You can open a trade not later than 1 minute until the expiration

If you already have a strategy, simply choose the termination method that fits better. If in doubt, remember that at Olymp Trade you can always test everything using the virtual funds in your demo account.

All the best!

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Bart Bregman

Full time day trading, and helping out with Olymp Trade wiki in my spare time to create an awesome platform for beginners. I'm a digital nomad that travels the world while working from everywhere!

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