New Doubles strategy! Expiration time 10 minutes

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New Doubles strategy! Expiration time 10 minutes

Today I have prepared another strategy for you, that works with Meta Trader 4. You will need indicators and a template which you can download here. If you do not know how to use indicators and tempates with MT4, use this guide.

It is important to keep a trading platform open, so the trades are opened as quick as possible. Do not forget to read the comments at the bottom of the page!

Doubles is a simple strategy based on the principle of reocurring tendencies of the direction of price development. In the last few days, I had quite good results with it.

How to setup the chart

  • 5-minute timeframe
  • DoublesStrategy template

When to choose CALL with expiration date of 10 minutes

  • The previous candle closed between the lower green and purple Bollinger curve.
  • The past candle did not have the lowest point below the green Bollinger curve.
  • MACD chart is pointing upward.

When to choose PUT with expiration date of 10 minutes

  • The previous candle closed between the upper green and purple Bollinger curve.
  • The past candle did not have the highest point above the green Bollinger curve.
  • MACD chart is pointing downward.

What does it look like?

Downloading indicators and templates

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Brokers for the strategy must offer trading options with expiration date of exactly 10 minutes.

Comments on trading

  • Enter the trade as soon as possible after the candle, which meets the requirements mentioned above, closes (the time to end of the candle is right next to it)
  • For conservative traders: Do not enter trades against the direction of the long-term trend.
  • Again, you need to use common sense and, if the market does not look like turning (eg. rapid descent, or fast pitch), do not enter the trade.
  • We recommend trading only between 9:00AM to 4:00PM London time
  • It is best to trade when the market is stagnating.
  • It is again merely a strategy to learn the behavior of the market. Better get an estimate of market direction using technical analysis!

Author

More about the author J. Pro

Unlike Stephen (the other author) I have been thinking mainly about online business lately. I wasn’t very successfull with dropshipping on Amazon and other ways of making money online, and I’d only earn a few hundreds of dollars in years. But then binary options caught my attention with it’s simplicity. Now I’m glad it did because it really is worth it. More posts by this author

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