The best 5 minutes strategies on Olymp Trade

There are as many different strategies to be able to trade FTTs (financial transactions tax) as there are traders. The disaster will be if you continue to trade without any. It’s possible that luck will trick you into thinking you can accomplish it without following a set of guidelines or following a tried-and-true technique. The markets, on the other hand, will eventually fix you to the brink of despair.

5 minutes strategies on Olymp Trade

The distinction between consistency and luck is extremely evident. Luck can appear today and then vanish the next day. Even on a bad day, consistency will stick! Traders who have the experience of sticking to a method, no matter how shaky, will tell you that a strategy is essential for long-term trading success. Strategies instill discipline, allowing one to control their emotions and trade like an expert. Let’s get into the details now.

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5 minutes trading strategies

The following are the two 5 minutes strategies on Olymp Trade we shall discuss:

  1. The 2 EMA strategy – this feature employs 2 EMAs, one having a period of 8 plus the other with 20.
  2. The three EMAs in this strategy: One has a period of 9, another has a period of 21, as well as the third with a period of 55.

1. The two EMA strategy (EMA 20 and EMA 8)

Two Exponential Moving Averages are used in this method as indicators on Olymp Trade. One has a period of 8, whereas the other has a period of 20. (EMA 20 and EMA 8.) To make it more successful, you might incorporate a signal confirmation tool like the MACD (Moving Average Convergence Divergence).

The trading timeframe should be set at 5 minutes, with a 1-minute chart period.

Olymp Trade 5 minute strategy

Trend following, as well as Exponential Moving Average cross-overs, are used to produce sell and buy signals in the two EMA methods.

In the following fast steps, set up the chart for the 2 EMA part of the 5-minute trading method:

  • Decide whether you want a candlestick chart or a bar chart.
  • Create a one-minute timer with the candlesticks.
  • Change the period of the exchange to 5 minutes.
  • On your chart, apply the Exponential Moving Average and set it to 8 periods.
  • Draw additional Exponential Moving Average on your chart, this time with a 20-period period.

Tips

  • Remember to use various colors for the 2 EMAs to make them easier to distinguish.
  • Finally, on your chart, use the MACD (Moving Average Convergence Divergence) indicator.

Your chart is now ready for you to begin trading with this method!

That setup should now generate tradeable signals for you; otherwise, it’s useless. So, how do you use this setup to trade?

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If the preceding conditions are satisfied, consider entering a Buy Position:

  • The 20-period and 8-period Exponential Moving Averages are both moving up, indicating that the market is in an uptrend.
  • Let us say the EMA has a period of 8 crosses over the EMA having a period of 20.
  • The MACD confirms that the trend is up.

If the following criteria are satisfied, consider entering a Sell Position:

  • The 20-period and 8-period Exponential Moving Averages are both falling, indicating a downward trend.
  • Let us say the EMA has a period of 8 crosses over the EMA having a period of 20.
  • The MACD indicates a falling trend.

Have all of the requirements been met? Then put your order to sell and stand in line for the next five candles to form. You have a good chance of succeeding in such a trade.

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  • $10 minimum deposit
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(Risk warning: Trading involves risk)

2. Three EMA 5 minutes approach (EMA 55, EMA 9, and EMA 21)

Three Exponential Moving Averages are used in this method.

A 21-period EMA, a 9-period EMA, and a 55-period EMA are among the averages.

You can use a signal confirmation tool such as the MACD (Moving Average Convergence Divergence), just as the two EMA approach.

The trade duration is 5 minutes, as is the chart candlestick time frame.

Olymp Trade 5 minute strategies

This approach will profit from trend following, price bouncing back from moving averages, and EMA crossovers.

To use the 3 EMA, 5-minute trading method, set up your chart as follows:

  • Decide whether you want a candlestick chart or a bar chart.
  • Set the timer on the candlesticks to 5 minutes.
  • Reduce the transaction time to 5 minutes.
  • On your chart, use the Exponential Moving Average and divide it into 9 periods.
  • Adjust your chart with another Exponential Moving Average, this time with 21 periods.
  • Finally, add another Exponential Moving Average to your chart and set the period to 55.
  • Use the MACD (Moving Average Convergence Divergence) method.

The chart is now fully functional for trading.

So, how do we turn this chart setup into earnings and wins in fixed-time trading? We’ll find out soon enough.

Olymp Trade 5 minutes trading strategies

We’ll only deal with one component of this strategy now that we’ve committed to 5 minutes. The only part of the 5-minute trade period that works well is the price bouncing back from the moving averages. With larger time frames and alternative chart settings, EMA crossover and trend tracking may perform better.

Now, let’s talk about price reversals from the EMAs – Prices tend to climb or drop away from the EMAs, but they bounce back when they reach the EMAs (particularly EMA 9). Let us now look at how this springing back can be identified and traded on fixed-time trades.

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The following are the procedures for taking a buy position:

  • The EMA 21 and EMA 9 are both above the EMA 55, with the EMA 9 being the highest, indicating an uptrend.
  • The majority of Candlesticks are bullish (green), with only a few bearish (Red).
  • Take advantage of the bearish (Red) candlestick and keep an eye on it.
  • If it declines to the point where it touches the EMA 9, prepare to open a Buy position, but just not right away. Wait for the time limit to run out.
  • If the bearish candlestick you’re watching closes with the EMA 9 still in sight, enter a Buy position.
  • You should avoid going long if that specific bearish candlestick doesn’t really end in line with EMA 9 or just never touches it at all. Relax.
  • (Note that the stronger the indication is, the lower the bearish candlestick goes.) It’s possible that it’ll break beyond EMA 9 and reach EMA 21 or perhaps even EMA 55.)

To enter a sell position, follow the procedures below:

  • The EMA 21 and EMA 9 are both below the EMA 55, with the EMA 9 at the bottom, indicating a downturn.
  • The majority of Candlesticks are bearish (red), with only a handful bullish (Green).
  • Take advantage of that bullish (Green) candlestick and keep an eye on it.
  • If it climbs to the point where it touches EMA 9, start planning to sell, but not right once. Wait for the time limit to run out.
  • If the bullish candlestick you’re watching closes with the EMA 9 still in sight, it’s time to sell.
  • (The trend is down, and the following candlestick will almost certainly be bearish.)
  • You should avoid going short if that specific bullish candlestick doesn’t really end in line with EMA 9 or just never touches it at all. Relax.

The 5-minute trading technique was created by combining two systems. Making money with a binary options broker has never been more rewarding or enticing.

Best binary broker:
(Risk warning: Trading involves risk)

Olymp Trade - Trade with a legit broker

123455.0/5

Olymp Trade - Trade with a legit broker

  • Professional platform
  • Free demo account
  • $10 minimum deposit
  • Webinars and education
  • High payouts
(Risk warning: Trading involves risk)

The best 5 minutes strategies on Olymp Trade

For Olymp Trade, a 5-minute binary options strategy incorporating RSI, EMA, and an engulfing pattern was developed.

Traders employ a variety of trading tactics to determine the ideal times to enter and leave their trades. Some are centered on candlestick patterns, while others are based on indicators. The one we will show you today combines the RSI, EMA, and engulfing pattern.

Setting up the chart

You should be logged into the Olymp Trade account to use this feature. In high-volatility markets, today’s method produces the best results. When selecting an asset, keep this in mind. Set the chart to a 1-minute timeframe.

The Exponential Moving Average and Relative Strength Index will be used in this method. To determine the medium-term trend, the RSI will be used. The EMA is used to filter long-term trends.

Olymp Trade 5 minutes trading strategy

Locate the RSI indicator by selecting the Chart Analysis icon. Leave the default options alone. Then locate and add the EMA to your chart. Set the period to 200.

You have the option of saving setups on the Olymp Trade platform. When you apply a tactic frequently, this is quite useful. Instead of having to include all of the necessary indicators the next time, you’ll just have to pick a ready-made template. Simply type the name you wish to give this template and then click Save.

On the chart, the strategy is applied with a 1-minute candlestick period. However, you should leave the position available for 5 minutes. The price is expected to rise or fall within 5 minutes of the alert being received. Set your binary option’s expiration time to 5 minutes.

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Using the EMA + RSI + engulfing pattern technique to trade binary options

It is not difficult to trade binary options using a method that incorporates the RSI, the EMA, as well as the engulfing pattern. It necessitates that you adhere to a few simple guidelines and act as fast as you receive a signal to initiate the transaction.

Short positions are opened using the EMA + RSI + engulfing pattern technique.

The first step is to pay attention to the EMA200 line. There should be price bars developing beneath it, indicating a downturn.

After then, have a peek at the RSI window. The horizontal line having a value of 50 exists. This line should be crossed by the indicator.

When these two requirements are met, it is time to look for the emergence of the bearish engulfing pattern. The bearish candle’s body should engulf the former bar’s body. When you see a pattern like this, open a short position as soon as the second candle starts to form.

The duration of your trade should be 5 minutes. Using the EMA + RSI + engulfing pattern method to open long positions There has to be an increase in the market when you plan to begin a long position. 

Examine where the candles are emerging in reference to the EMA200 line to make sure this is the case. You’re looking for a pricing that is higher than the EMA200. Examine the RSI window now. The line of the indicator should rise above the figure of 50.

Best binary broker:
(Risk warning: Trading involves risk)

Olymp Trade - Trade with a legit broker

123455.0/5

Olymp Trade - Trade with a legit broker

  • Professional platform
  • Free demo account
  • $10 minimum deposit
  • Webinars and education
  • High payouts
(Risk warning: Trading involves risk)

The arrival of the bullish engulfing formation is the last thing you want to see. When the bullish candle’s body covers the previous price bar’s body, the pattern is valid. Open the long trade as soon as the signal appears at the start of the following candle. For a total of 5 minutes, keep the position open.

Conclusion

The combination of the engulfing candlestick formation, the EMA, and the RSI, is a simple to use approach. You use the EMA200 to identify the trend, then the RSI to analyze price momentum, and finally, the engulfing pattern to stay in line for the trigger. You should keep a close eye on the chart and enter the trade as soon as the candlestick pattern appears. This will yield the best outcomes.

5 minute trading with olymp trade

The EMA200 is being used to determine the trend. When the price finishes below the EMA line, we suppose there is a downtrend, and when the price finishes above the EMA line, we assume there is an upswing. However, because the price regularly consolidates within the Exponential Moving Average, you might want to tweak these parameters.

You can depend on 5 consecutive candles, for example. As a result, a downtrend will be identified if the last five candles were well below EMA200, and an uptrend will be identified if the last five candles were beyond the indicator’s line.

➥ Sign up with Olymp Trade for free now!

(Risk warning: You capital can be at risk)

About the author

I am an experienced Binary Options trader for more than 10 years. Mainly, I trade 60 second-trades at a very high hit rate.

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