Double red binary option strategy! profitable strategies and
The combination of these techniques makes the strategy too risky for beginners. Because of the quick trade times and the lack of risk management this strategy is often thought to be pure gambling. This is a short term strategy that looks at price action combined with support or resistance levels in the 5 minute chart.
The trader looks for the price to test a resistance or support level. In a test of resistance, two bearish candles will form. When the third candle closes lower than the first two, this is the signal to buy Puts. The reverse scenario applies when a level of support is being tested and two red candles form, hence the name Double Red Strategy. To set yourself up for this strategy, go to the long term charts, Daily or Weekly, and identify support or resistance levels. Once you have done this, go to the 5 minute chart and see if the levels you identified on the long term charts are reflected there.
If not, you will have to try and identify short term resistance or support levels. As soon as the double candles form, be ready to place your trade.
The Double Red strategy is based on the 5 minute chart, so it gives the trader the chance to profit from the smaller movement in the market and very short term trades. It also a very simple strategy with an expiry of 5 to 15 minutes. However, you should always be ready to close your trade manually if the market moves against you. The Double Red strategy is extremely dangerous when news events are coming up and are only really at their safest during quiet periods on the markets.
At the first sign of volatility or uncertainty, Double Red should be a no-go zone. The other area of danger in an already dangerous strategy is the mis-identification of the candles that signal the set up. What settings do you have for the Bollinger Bands, please. I have 20 and 2. I had to add BBs because they did not download as part of the strategy download.
Your screenshot displays two sets of BBs. Is this from a Bollitouch indicator? I also had to source a BB-alert as the one included with the download did not compile; nor did the P4L candletime.
I sourced that elsewhere, also. Hi Mirrella — this is not my strategy, I found it at xbinop. Try this lnk brother https: You do not have permission to access this page. Please contact your ISP, contact us on the technical support email, we will try to address the situation directly. Your email address will not be published.
How to use our strategies from Best-Binary-Options-Strategy. Do I have to incorporate or attach this file to MT4 flatworm for it to work? Template deleted from both servers Anyone can help? Please contact your ISP, contact us on the technical support email, we will try to address the situation directly Hi, this is what the link says.
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