Discussion about Olymp Trade

Ceresius

Senior Villager
Really, there's only MT4, no MT5 now, lol. For some reason I thought that Olymp Trade introduced MT5 as well. Does anyone know why the company launched the MT4, not the MT5?
 
I think that's because MT4 is more popular among the traders. In fact, introducing new trading platform is very complicated thing, so the broker had to choose between two platforms. Maybe MT5 is better but MT4 is much more popular. so it would fit more traders.
 

Ceresius

Senior Villager
Yeah, I noticed that, I found much more info about MT4, I don't know how that matter at all, but it's just a fact.
Last month I've made 4% profit at my demo account, I can't say I'm feeling comfortly with my demo trading, but now I'm much more confident in trading at all. I trade currencies most of all, but they are too volatile, sometimes it's hard to follow the news and catch the trend. What are the best assets to start trading in your opinion, guys? Maybe I'm just missing sth =)
 
Actually, it depends on your strategy and what you are more interested in. I started trading currencies in the beginning of my trading, but then switched to other assets to diversify my risks.
I can recommend trading metals and commodities. But currencies are the most popular and are the easiest to understand because you just need to understand macroeconomics, while metals or commodities requires much deeper and specific expertise.
 

Ceresius

Senior Villager
In any case, I'm planning to trade demo at least one month. Maybe I would try gold, but I don't know nothing about this asset, lol.
Currencies seem to be the best way to learn trading, so will stick to them as for now =)
 
As far I remember, Olymp Trade Global has video about that on their YouTube channel, you can check it out.
But okey, I can explain in simple words - that's one of the trading modes available on the Olymp Trade platform. You're buying contract for a limited period with the fixed return rate if you forecasted correct the quotes movement (up or down).
 
I don't think so actually.
These two types of trading are slightly different, so if you're beginner (and if you're asking things like this, I assume you're beginner), it would be different not to get mazed with 2 types of trading.
Better choose only one type, I suggest Forex trading, as it's more common and there are more ways to secure your trading.
But if you want to start with Fixed time trades, that's also okey. Just practice on demo before real trading and watch some Olymp Trade webinars. That can really help understand some basics.
 

Modirius

Senior Villager
Well, I've started with Olymp Trade demo, but my first month isn't successfull. -11.5% of deposit in one month, I even don't undestand what I'm doin wrong...
 
On demo that's okey, you're just learning, so take it as a learning, not as a real trading. Almost all traders came through this. What trading strategy are you using?
 

Modirius

Senior Villager
Alligator with 4/8/16 shift, I've found it on the Olymp Trade blog, it looked to be easy to apply, but I don't know why it isn't working for me =(
 
I don't understand where you got such settings in general. Your periods are too long (they can't be lower than shifts anyway). With these settings, the alligator can work out only on very low-volatility markets.
I don't know which Olymp Trade blog you read, because their official blog recommends 5/8/13 settings (with shifts 2/5/8). In general, these are optimal settings that allow you to trade on markets with different volatility.
But I wouldn't recommend Alligator as a whole, it's too simple a strategy and that's its advantage, but at the same time it doesn't give clear signals in a lot of situations.
Try the Trio strategy, it's based on Williams, RSI and CCI and imo is one of the best for beginners.
 

Modirius

Senior Villager
Yeah, Olymp official blog has exactly that settings =)
I just decided to modify it a little bit, I've read that such period is better for beginners (as allow to filter false signals). But seems that isn't working, lol, so would try with default settings...
I've watched Olymp Trade webinar about triO strategy, but it seems too complicated... However, I would try it, at least I don't lose anything on demo =) Thanks for advice.
 
Trading on demo is the best way to learn a strategy, I'm also using demo to try sth new all the time and good that Olymp trade offers refreshable demo, I already refreshed it 30+ times, just to test different strategies. But don't forget demo trading isn't the real trading, sometimes it works out on demo, but doesn't work in real trading at all..
 

jmoy

Village Elder
Don't trade forex with olymptrade, only binary.

With olymptrade, they disable their take profits mostly after market hours and let market hit your stop loss. I saw this severally with my trades when i was with them, complained and they did nothing. Also their leverage is designed to hurt you. Pairs in which you are supposed to indeed make money from, they don't allow you to leverage much like pairs which they are sure you will loose (long time traders know this pairs)

For option trading only, they are good though but limit indicators to limit people from winning many trades.
 
With olymptrade, they disable their take profits mostly after market hours and let market hit your stop loss. I saw this severally with my trades when i was with them, complained and they did nothing. Also their leverage is designed to hurt you. Pairs in which you are supposed to indeed make money from, they don't allow you to leverage much like pairs which they are sure you will loose (long time traders know this pairs)
I can't agree completely with the statement that you should use Olymp for fixed time trading only. This is true that the problem exists. Pending take profits are really less likely to get executed than stop loss orders. Yet, this is not Olymp's fault. This is the essence of order types tht are used for take profits and stop losses.
Take profit is a limit (or pending) order type. This means that even if the price hits the specified number that you wanted to close your deal with profit at - this does not mean that the order will get executed immediately. You've got to have a counterparty for your order to get completed. If the market is thin and there aren't many people trading at tht time (which is exactly what happens afterhours) you are not likely to hve your take profit order to get filled. The stop loss order works differently. It has to be executed under any ciscumstances. If the market is thin, the price will slip and you will have your order closed at even less favorable price.
As for the leverage - you can stake as much money as you want to with any trade. Olymp offers 1:500 leverage at max, but this does not mean you have to use it. Use as much as you feel comfortable with, that's it.
 

jmoy

Village Elder
I can't agree completely with the statement that you should use Olymp for fixed time trading only. This is true that the problem exists. Pending take profits are really less likely to get executed than stop loss orders. Yet, this is not Olymp's fault. This is the essence of order types tht are used for take profits and stop losses.
Take profit is a limit (or pending) order type. This means that even if the price hits the specified number that you wanted to close your deal with profit at - this does not mean that the order will get executed immediately. You've got to have a counterparty for your order to get completed. If the market is thin and there aren't many people trading at tht time (which is exactly what happens afterhours) you are not likely to hve your take profit order to get filled. The stop loss order works differently. It has to be executed under any ciscumstances. If the market is thin, the price will slip and you will have your order closed at even less favorable price.
As for the leverage - you can stake as much money as you want to with any trade. Olymp offers 1:500 leverage at max, but this does not mean you have to use it. Use as much as you feel comfortable with, that's it.
When you know truly what is forex and underhand ways brokers use to take advantage of naïve clients, you will not use olymptrade for forex - letting you learn in it is the best for you

Even whatsoever you are taking about take profits in forex doesn't make sense at all. As long you have set your take profit at a certain price value, it doesn't matter the market volatility or leverage, when price hits that value, your broker must fulfill it
 

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