Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
It is crucial to know when to trade, but also when not to trade. To be a profitable trader you need to master discipline, emotions, and psychology. Set stop loss a few pips above the last swing high of the marketĪs always, to achieve good results, remember about proper money management.Sell trade is triggered after the above conditions are met.Price swings lower from recent high swing.The Forex Olympus indicator switches from blue to yellow.Take profit or exit trade whenever the Forex Olympus indicator provides opposite signal, or use your own method of trade exit.Set stop loss a few pips below the last swing low of the market.Buy trade is triggered after the above conditions are met.Price swings higher from recent low swing.The Forex Olympus indicator switches from yellow to blue.Conversely, it is yellow when the trend momentum is bearish. It is blue when the trend momentum is bullish. The core of the indicator is a signal line that triggers the trades. The Forex Olympus Indicator is equipped with three trading modes: Moderate (low risk and low return), Neutral (optimal risk to reward ratio), and Intense (highest risk and highest profit). How does it work? How to apply in trading? Feel free to experiment with the settings and parameters to fit your personal preferences. The default settings can be modified directly from the input tab. It is displayed directly on the main trading chart. The Forex Olympus Indicator fits all kinds of timeframes and currency pairs. It works the best during strong market swings. Nonetheless, it is a very interesting gauge that provides solid and accurate trading signals. The Forex Olympus Indicator is a trend-following forex indicator that, in essence, works in a very similar way to the Half Trend Buy/Sell Indicator. Introduction to the Forex Olympus Indicator
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