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How to Trade Successfully with Bollinger Bands at Olymp Trade
The indicator called the Bollinger Bands, or the B-Bands in short, measures volatility of the asset about the moving average. It is constructed of three lines. The middle one is a simple moving average with period 20, two others lie on both sides of the 使用趋势线放置 Trades on Olymp Trade average. The further they are from one another, the higher the volatility.
The purpose of this tutorial is to show you first, how to configure the B-Bands and second, how to use it in trading at Olymp Trade.
Overview of the Bollinger Bands indicator
Take a look at the picture below. There are three lines of the indicator. The SMA20 is in the middle, and two bands are located on its sides. The B-Bands gives you information about the volatility of the market and thus, may be utilized to find the most promising entry points.
These three lines represent:
- The lower band is the value of the SMA20 minus twice the 使用趋势线放置 Trades on Olymp Trade 20-day standard price deviation.
- The middle one is a simple moving average over 20 days.
- The upper band is the value of the SMA20 plus twice the 20-day standard price deviation.
Configuring the Bollinger Bands indicator on the Olymp Trade platform
You have to be logged in to your Olymp Trade account. Choose the asset and the chart type. Then, hit the indicators feature button and press “Bollinger Bands” on the available indicators list.
The default settings are period 20 and deviation 2. You can change it by clicking a pen icon. Additionally, you can adjust the color and the thickness of the lines.
How to trade with the Bollinger Bands indicator at Olymp Trade
Trading with the B-Bands is quite simple. But be aware that it 使用趋势线放置 Trades on Olymp Trade works best on short-lasting trades. Now, take a look at the above chart.
The circled points 使用趋势线放置 Trades on Olymp Trade where the price hits the lower band of the Bollinger Bands indicator, are signals to open long positions. The moments where the candles reach the upper band of the indicator, are good to enter short trades.
There is no better way to learn to trade with the B-Bands, and well, with any other indicator as well, like practice. Olymp Trade offers you a perfect place where you can train your skills without the risk of losing real money. It is 使用趋势线放置 Trades on Olymp Trade called the Olymp Trade demo account. Open one if you haven’t yet and practice until you are confident enough to move onto the real account. Tell us how you find the Bollinger Bands indicator.
Minimal Risk Trades on Olymp Trade
Money is always involved when it comes to trading. You use money, to make money. If they weren’t necessary, all brokers would be out of business. However, there is a unique opportunity at Olymp Trade to trade with very little risk.
What minimal-risk trades mean
Trades, where there is a lower chance of you losing money can be called minimal-risk trades. Typically, when you, for example, invested $100 in digital financial derivatives you would either 使用趋势线放置 Trades on Olymp Trade lose $100 when the trade did not go your way or earn from $65 to $92 profit if everything went well.
In the case of a minimal-risk transaction, you will earn the same profit as normally if the trade goes according to your prediction. But if it doesn’t, 使用趋势线放置 Trades on Olymp Trade you potentially won’t lose the money. Under ideal conditions, the $100 will simply come back to your account balance.
Now, brokers cannot afford that. They have to make their profit, right?
Well, 使用趋势线放置 Trades on Olymp Trade there is a special offer for some traders at Olymp Trade that allows trading with only a minimal risk of losing money. Let’s take a closer look at it.
How to make minimal risk trades on the Olymp Trade platform
The easiest way to trade with less risk is to have a demo account. No matter your transactions are successful or not, you do not lose any money! There is one problem, though. You do not lose, but you do not earn either. And naturally, you want to make real money. If that’s the case, then you 使用趋势线放置 Trades on Olymp Trade should first learn how to increase your demoa ccount balance. Let’s go further, then.
Minimal risk trades on real Olymp Trade account
Olymp Trade regularly offers trades with very minimal risk for the customers with a VIP account. The condition required to open such an account is to deposit a minimum of $2000. Depositing $2000 gives you 1 minimal-risk trade and depositing $5000 allows you to make 3 minimal-risk trades.
When such trades are available, Olymp Trade will usually send a notification through your trading interface. All you need to do is click on the notification to accept the offer and then place your trade.
VIP status gives you also additional features like a percentage bonus which is added to a deposited amount of money. It also increases the payout rate up to 92% in some cases.
The last possibility to get minimal-risk trades at Olymp Trade is to stand out as a trader. Occasionally, Olymp Trade rewards outstanding traders with minimal-risk trades. You need to be a frequent user of the platform and participate in creating their blog, so they can notice you.
Write in the comments section below if you had the opportunity to use risk-free trades. Share with us your thoughts on this topic.
How to trade with the BB1 strategy (Bollinger Bands with a deviation of 1) on Olymp Trade
Bollinger Bands is one of the technical analysis tools used by traders to facilitate reading the market. It can be applied in various methods and today I am going to show you a strategy based on the Bollinger Bands with a deviation of one.
Das Diagramm einrichten
Sie müssen bei Ihrem angemeldet sein Olymp Trade trading account. Think about what specific instrument you are going to trade. Then click the indicators icon and find the Bollinger Bands indicator. It will appear over the price bars. It is formed by three lines; two bands and a middle line.
Each indicator comes with default settings. Today’s strategy requires you to change the deviation. To do that, click on the pen icon next to the indicator’s name. You will see there is the SMA with the period of 20, and the standard deviation is 2 as default. Change it to 1.
Below, you will find the chart with two Bollinger Bands attached. The deviation of the middle one is set to 1 and the deviation of the outer to 2. The middle line is common as the period of the SMA remains the same for both.使用趋势线放置 Trades on Olymp Trade
BB1 strategy for Olymp Trade Händler
BB1 strategy is based on the Bollinger Bands with a deviation of 1. It is quite straightforward. Observe the chart and wait for the crossing of the price and the BBands line.
If you want to open a position for the price increase, you should wait for the candle to close over the upper band of the indicator. Make sure that two previous candles have closed below this line.
At the exemplary chart 使用趋势线放置 Trades on Olymp Trade below you can see that the green candle marked as candle number 3, closes above the upper band. Two preceding red candles close below. This gives you a signal to enter the 使用趋势线放置 Trades on Olymp Trade trade at the very beginning of the next candle. You can keep the position open for the length of 3 consecutive candles.
To open a short position with the BB1 strategy, wait for the candle to close below the lower band of the Bollinger Bands. Also, check whether two previous candles have closed above the BB1 lower band.
Look at the chart below. The 使用趋势线放置 Trades on Olymp Trade candle marked as 3 closes below the lower band. The candles number 1 and 2 close above the indicator’s lower band. Enter a Down trade when the third candle closes or at the very beginning of the next candle. Hold the position open for three subsequent candles.
The strategy based on the Bollinger Bands with the deviation set at 1 is very simple to follow. It can be applied to the feste Zeitgeschäfte. It is a trend following strategy, which means there has to be a trend in the market. You trade along with the trend, so you search for opportunities to open a long position in the uptrend and a short one during the downtrend.
With the Bollinger Bands attached and the deviation changed to 使用趋势线放置 Trades on Olymp Trade 1, your task is simply to observe the chart and wait for the price to close above or below the indicator’s bands. Check where two previous candles have closed and you get a trading signal or not. If all three candles close as described above, this is your setup to enter the trade. You should exit after three consecutive candlesticks.
Remember to test the BB1 strategy in the Olymp Trade demo account. It is offered to you completely for free. It gives you a chance to get to know the method well before you invest real money.