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The triple rebound strategy is one of the most high-quality trading strategies that I have seen. If you love to take 1 minute quick trades on Olymp Trade then this strategy is made for you.
What is the Triple rebound strategy?
The triple rebound strategy is a professional trading strategy used by traders to identify upcoming trends and reversals. This strategy is made from the composition of the three RSI lines and you can find buy and sell signals using overbought and oversold zones.
How to set up the triple rebound strategy on Olymp Trade?
Login to your Olymp Trade account first. secondly, click the indicator button and search for RSI on the menu.
Now, click on the RSI three times and set the timer to 7, 14, & 21.
You can also change the colour of the three lines for better results.
How to trade with Triple rebound strategy on Olymp Trade?
Trading with the triple rebound strategy is very easy. this indicator generates buy and sell calls using overbought and oversold levels. when two out of three Rsi lines is above 70 (overbought level) it signals a bearish trend. similarly, when two out of three Rsi line is below 30 (oversold level) it signals a bullish trend.
Given above is a 1 minute chart of EUR/CAD, and we can clearly see the RSI line is above and near 70, it signals a strong bearish trend and we can place a down trade here.
Similarly, given above we can clearly see the three RSI lines is below or near 30 (oversold zone). It signals a strong bullish trend and we can place a buy trade here.
The triple rebound strategy is one of the high-quality trading strategies used by traders to identify the upcoming trend and reversals. This indicator uses overbought and oversold zones to create buy and sell calls for traders. trading with the strategy is very easy when the three Rsi lines is below the oversold level it signals a bullish trend similarly, when the three lines is above overbought zone it signals a bearish trend.
The best thing you can do today is trying this trading strategy on the Olymp Trade demo account and shift to Olymp Trade real account once you have practised this strategy properly. I wish you a very best of luck and share your trading experience below thank you:-)