You can set up your trading account in minutes these days; you can choose your trading signal program of your choice too. You’ll need hours of analyses of data, trends, and charts to formulate your trade strategy. Once you have formulated your strategies based on your risk factor, loss limit, and oscillator choices; all it needs to execute those strategies. How about a robust advisor program that provides you free trade signals based on your strategy? It’s like your underlying data charts speaking to you meeting certain criteria and offering you trade signals.
Olymp Trade has introduced a new advisor program that will offer you an automated trade signal saving you precious time and efforts. Analyzing charts, interpreting trends, and moving averages take a lot of time. This new advisor program offers great trade entry points based on your selected strategy, at the same time you still have control over the trade move.
Let’s take a glance at how this new Advisor program can become your new virtual assistant.
New Advisor Program:
Locate the new advisor program in your Olymp Trade trading screen at the bottom. The advisor will assist you in identifying potential trade signals arising with your set trade criteria. You can assign an asset strategy and the advisor program will notify you with an upcoming trade opportunity. You’ll still have the choice to decide for the trade execution move. Setting up the desired trade strategy and identifying perfect trade opportunities at the right time are cumbersome tasks. The Advisor takes your Olymp trade trading experience one step ahead with the automation of trade signal notifications for you.
The Asset Compatibility with New Advisor:
You can choose any asset available with the Olymp Trade platform. The New advisor program will work in the same way for all assets. The Advisor works to assist you in identifying potential trade execution points based on your selected strategy.
Strategy Selection and Tracking with the Advisor:
Olymp Trade’s new advisor is a powerful program, but setting up an automated trade strategy is hard, it still needs guidelines. To begin with the advisor, we have selected three trade strategies that have been successfully implemented by our professional team over the years. Each strategy has its characteristics and technique to identify entry points for trading. Our selected strategies are preferred by professional analysts and Olymp trade platform traders. The advisor is currently paired with these three strategies:
- MACD Professional
- SMA intersect
The advisor is currently compatible with these chosen strategies only.
Each strategy chosen for the advisor works in its unique way for market trends and chart analyses. Let’s take a look briefly on three of the advisor strategies:
The MACD Professional:
Moving average convergence divergence indicator helps to identify the bullish or bearish movement strengths. The MACD provides a signal when a crossover its signal happens. Olymp Trade’s MACD Professional uses a combination of three different indicators the MACD, the EMA, and the Parabolic.
This strategy utilizes the power of three indicators to identify trade entry points, where the MACD and EMA identify the crossovers and the parabolic confirms the authenticity of these two.
Simple Moving Intersect:
Moving averages provide important trading signals for traders, offering valuable insights to stock trend directions. The simple moving Intersect strategy identifies the bullish crossovers when a short-term moving average crosses above a long-term average. The stock trend after crossover continues in the direction of stock performance. The advisor program identifies these crossover points for Olymp Trade users.
Predatory Look Strategy:
Stocks often trend sideways, and it becomes increasingly difficult to identify the trend breakouts. The Oscillator strategy uses the upper and lower band values to identify the trend breakouts, which help traders to utilize these early profit-maximization points. Olymp Trade advisor program uses two oscillators in conjunction, the Alligator and the awesome oscillator. This strategy helps traders to analyze the overbought or oversold stock conditions in the short-term.
Olymp Trade users still hold the choice for the trade move, the advisor program works with these successful strategies picked by our experts.
Get going with the Advisor:
Once you set up your asset in the Olymp Trade account, the advisor will start monitoring and evaluating the trend right away. Based on the strategies discussed above, the Advisor will notify you with a trade signal the moment it analyzes a trade opportunity.
You can check out the new Advisor program details with the Olymp Trade blog, YouTube and academy resources. In case you have any queries, the support team can help you get things going with the advisor set up through chat, email, and call services.
Olymp trade and advisor will save you precious time spent on chart analyses. The advisor will do the hard work for you of finding out the perfect trade opportunity based on your selected asset and the best strategy.