How to set up Olymp Matix
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How to set up Olymp Matix

Withdrawing money from IQ Matix is quick and easy. Whether you're transferring to a bank account, an e-wallet, or another payment method, the process is simple. This guide will walk you through each step so you can access your funds without hassle and withdraw profit anytime.

1. Choose the account type

First, select the type of account you want to use: a demo account or a real account. Here’s what each one allows you to do:

Demo account

  • Practice Risk-Free: Perfect for those who want to gain trading experience without any financial risk.
  • Test Strategies: Ideal for experimenting with different strategies for trading to find what works well for you.

Real account

  • Trade with Real Money: Allows you to invest actual funds.
  • Gain Real Profits: Offers the opportunity to earn real returns on your investments.
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To trade on a real one, you need to activate your user account first. More information

2. Open the Robot settings

Now, let's move on to the strategy setup. To do this, switch to the Robot page. There, you will see the strategy settings.

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3. Choose the Initial Amount and Duration

Determine the Initial Amount, which will be used for the robot's very first trade.

The higher the initial amount, the larger the trading deposit needed for safety orders. These are orders with increased size designed to cover losing trades.

In addition, when setting the initial amount, it's important to consider the risk level of the strategy you’re choosing. This is critical for better trading decisions (see step 6).

You can find the maximum recommended initial amount in this table. Avoid exceeding this limit. If you see "not recommended," it means using the strategy with this deposit size is not advised.

Strategy ➡️ Deposit amount ⬇️
Fixed amount
Conservative
Optimal
Aggressive
less than $200
$5
$1
not recommended
not recommended
$200 - $500
$10
$2
$1
not recommended
$500 - $1000
$20
$3
$2
$1
$1000 - $2000
$40
$4
$3
$2
more than $2000
$60
$5
$4
$3
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Start Small: Begin with smaller amounts and increase as you gain confidence and trading experience.

Also, select the Duration (1, 5, or 15 minutes).

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4. Select your asset

Now it’s time to choose an asset. You can select one yourself by checking the displayed profitability rates, or use the Autoselection feature to automatically pick a trading pair based on optimal performance.

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Enable Autoselection: Optimize your trading based on current market conditions by enabling Autoselection.
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5. Choose an indicator

Utilize the AI Indicator, which analyzes over 100 market parameters to provide the optimal trade direction.

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To use the AI Indicator, you need to activate your account first. More information

You can also select a single indicator such as MACD, Stochastic, Bollinger Bands, RSI, CCI, or Close Price without activation. These provide insights for both demo trading and real trades.

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Experiment with Indicators: Try different indicators to enhance trading analysis and identify profitable opportunities.
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6. Choose your strategy

Select from our 4 ready-made backtested strategies for trading with different risk levels:

  • Fixed Amount (Low Risk): Uses consistent trade amounts based on your initial investment.
  • Conservative (Low Risk): Utilizes the Reverse Labouchère strategy based on numerical series.
  • Optimal (Medium Risk): Adjusts trade amounts using the Martingale system to manage losses and profits.
  • Aggressive (High Risk): Stronger averaging approach similar to Optimal, exclusively for users who deposit funds.
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To use the Aggressive (High Risk) strategy, you need to activate your account first. More information
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7. Set the Profit Limit

If you wish, you can adjust a Profit Limit. Once this limit is reached, the robot will automatically stop trading to secure the profit from trading. Set the Profit Limit based on the potential profitability you anticipate: the higher the expected profitability, the higher the Profit Limit should be.

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To adjust the Profit Limit tool, you need to activate your account first. Otherwise, the default setting will be $20. More information
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8. Start trading

Once everything is set, enable the robot and start trading!

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Practice on Demo first: If you're unsure about the strategy settings you've chosen, it's a good idea to practice and test them on the demo trading account first.
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9. Track the results

After that, you can always check the performance of your strategy on the Deals page in the trading platform app.

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By following these steps and tips, you will set up your strategy in Olymp Matix quickly and efficiently!

How to activate your account

Account activation is the process of setting up your account and making a deposit so you can access all its features and functionalities. By activating your Olymp Matix account, you'll gain access to:

  • Trading with real money
  • The AI Indicator
  • The Aggressive (High Risk) strategy
  • The Profit Limit tool

Here’s how to activate your account in Olymp Matix:

1. Create a new Olymp Trade account

Set up a new Olymp Trade account to use with Olymp Matix. You can create this account directly through the trading platform’s app.

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2. Make a deposit

Go to the Account section in the menu, click on Deposit, choose your preferred payment method, and follow the on-screen instructions. Please note that the recommended deposit amount is $50 for optimal performance.

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We wish you successful trading! If you have any questions, please contact our support team via your app. We’re ready to assist you at any time.