Fixed time trade, or FTT, is a type of asset trading where the time is fixed. During that period, we need to predict whether the asset price will rise or fall according to the market.
To predict price movements, we need to use a good fixed time trade strategy and Olymp Trade offers it to all live traders on the platform free of charge.
Olymp Trade Statuses
Statuses on Olymp Trade are used to determine account levels achieved by progressing through the Trader’s Way. The more Olymp Trade users trade on the platform, the higher status, number of privileges, number of trading tools they offer. Olymp Trade has three statuses: Beginner, Advanced and Expert. Learn more about statuses by the post below:
Beginner status will be given to new accounts on Olymp Trade. You will be provided with the following fixed time trade strategies:
- Japanese Pearl
- Japanese Trend
- Relative Strength Law
- Sliding on Averages
These strategies are available in the Technical Analysis window, at the bottom after the Indicators list
The Japanese Pearl use Ichimoku Cloud indicator and Heikin-Ashi candles. This strategy uses timeframes ranging from 10-mins to 60-mins, and the duration of a trade should be three times. It means, if you choose to use the Japanese Pearl on a 10-minute time frame, the duration of the trade should be 30 minutes.
The main signal of the strategy is the intersecting Ichimoku Cloud’s Tenkan and Kijun lines. These lines are colored yellow and red respectively.
Whenever the Tenkan line crosses the Kijun line from top to bottom, it is a sell signal. A buy signal occurs when the opposite happens: the Tenkan line crosses the Kijun line from bottom to top.
Whenever the Tenkan line crosses the Kijun line from top to bottom, it is a sell signal.
Japanese Trend strategy uses only the RSI indicator and the Heikin-Ashi candlestick. This strategy is for quick trades and should be used in the 5-30 minute timeframe.
Trade time should be twice the timeframe. For example, if you use the 10-minute timeframe, the trade duration should be 20 minutes.
A buy signal occurs whenever the RSI crosses the 50 level from bottom to top and there is a clear uptrend on the Heikin-Ashi chart.
A sell signal occurs when the RSI crosses the 50 level with a top-to-bottom direction and a clear downtrend appears on the Heikin-Ashi chart.
You are now familiar with two of the five fixed time trade strategies available for Beginners. In our opinion, you should use the Japanese Trend strategy, as its signals are the most obvious. Meanwhile, the Japanese Pearl strategy needs some knowledge of moving averages and how to work with them. However, keep in mind that the best strategy for fixed time trade is the one that suits you best.
Both strategies are great, but there are still three more. Stay tuned and check them out in the second part of this series on the best fixed time trade strategies for beginners!