How to trade Triple O Strategy with Fixed Time Trades on Olymp Trade


Triple O Strategy on Olymp TradeTrading strategies are often based on indicators. Some are centred on one tool, others on more than one. A strategy described in today’s article will use three of them. Its name, Triple O Strategy, derives from the fact, that these three indicators belong to the oscillators group. Let’s see what it is all about.

Triple O Strategy – chart preparations

The three oscillators that are required in order to use the Triple O Strategy are:

  • Relative Strength Index (RSI)
  • Williams Oscillator (Williams %R)
  • Commodity Channel Index (CCI)

Go to the Indicators icon and select the Relative Strength Index. You will need to change its settings. You can do it by clicking the pen icon that is visible in the indicator window.

The period of the RSI should be set at 7.

This indicator oscillates between 0 and 100 values. You will notice three horizontal lines. 50 is the middle line. 30 and 70 levels mark the oversold and overbought areas.

How to change RSI period from default 14 to 7
How to change the RSI period from default 14 to 7

The next indicator you have to add is the Williams Oscillator. Leave its period as default at 14. The overbought and oversold areas are set at levels -20 and -80. It is important you mark small boxes next to the “Upper Band” and “Lower Band” in the settings of the indicator. This way the lines will be visible on the chart.

How to make Upper and Lower Bands visible in Williams %R window
How to make Upper and Lower Bands visible in Williams %R window

Also, choose the “Line” option for the visual display of the Williams %R. It makes it easier to follow.

Williams %R as a line
It is easier to follow Williams %R as a line

The last oscillator needed is the Commodity Channel Index. You do not need to change its settings. Leave the period at the level of 20. The oversold and overbought levels remain as default as well.

Using Triple O Strategy on Olymp Trade

Once you are logged in to your Olymp Trade account, choose the financial instrument. Change the chart type for Japanese candlesticks. Choose the amount of money you wish to invest and add the three indicators described above.

The Triple O Strategy can be applied to different timeframes, from 5 to 60 minutes. It allows opening trading positions for a time 2 or 3 times longer than the timeframe you are currently using.

There are 3 oscillators that constitute Triple O Strategy. It is, however, enough to obtain only 2 signals from them. Naturally, 3 signals are better, but you can enter a trade with only two signals.

Below, you will see an exemplary chart prepared for trading with the use of the Triple O Strategy.

5-minute EURUSD chart ready to trade with Triple O Strategy
5-minute EURUSD chart ready to trade with the Triple O Strategy

Oscillators are displayed one by one beneath the price chart. They all have oversold and overbought levels marked.

To open a transaction for the price increase, you should wait for a minimum of two of the oscillators to cross the oversold level from below.

signal to open up trade with Triple O Strategy
Successful signal to open up trade with the Triple O Strategy

If you want to open a trade for the price decrease, wait for a minimum of two oscillators to intersect the overbought line from above to bottom.

In our example below each oscillator has generated trading signals.

signal to open down trade with Triple O Strategy
Successful signal to open down trade with the Triple O Strategy

Summary

The Triple O Strategy is based on three oscillators, the Relative Strength Index, the Williams Oscillator and the Commodity Channel Index. You need to change some settings in order to use the strategy with success.

Wait for the signals which are produced when the oscillators cross the oversold or overbought levels. You can open transactions whenever you notice two or three trading signals.

Test the Triple O Strategy in the Olymp Trade demo account. This is an excellent place to practice new techniques. Once you know the strategy well move to the live account to earn great profits.

Best of luck!

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