Many users who explore the potential of making a profit in the digital options market quickly start looking for a strategy that is simple, easy to understand, and effective. Since the rise of this financial exchange, countless trading systems have been developed.
One of the most successful and user-friendly method is “Double”.
What makes this strategy stand out is its simplicity. The underlying algorithm can be executed using standard tools available on most trading platforms, including Pocket Option. This means that anyone, even without deep financial market expertise, can start trading binary options with ease.
A key advantage of the Double system is the ability to trade with minimal expiry times. This allows traders to avoid long waiting periods and execute multiple trades within a single session. Such an approach is particularly appealing to those who favor an active and dynamic trading style.
One of the key aspects of the Take system is the ability to trade with minimal expiry dates. This allows traders not to spend a lot of time waiting for signals and make several trades in one trading session. This approach is especially attractive for those who prefer an active trading style.
How to set up the parameters for trading?
Before you start trading on the strategy “Double”, you need to configure the trading terminal. The Pocket Option platform offers significant advantages over other brokers, as it provides all the necessary tools for successful binary options trading.
To begin with, two popular indicators are used to analyze the market within this methodology: Stochastic and EMA (exponential moving average). It is important to note that these tools will not be used according to the standard algorithm, which makes the strategy unique.
To begin with, you should choose assets with high volatility, such as currency pairs or cryptocurrencies. The chart period should be set to a minimum of 1 minute. The chart itself can be represented either in the form of candles or bars. The choice depends on the trader’s preferences.
Regarding indicators, Stochastic is set with the parameters 14, 3, 3. Two EMAs should be set with periods of 10 and 21. For convenience, they can be marked in different colors.
How to trade with the Double strategy?
Most traders open positions when the Stochastic signal line leaves one of the overbought or oversold zones. Meanwhile, in this strategy the contract is bought when entering one of these zones.
The EMA is used according to the traditional scheme: the crossing of the junior line with the senior one indicates the direction of the deal. At this stage traders are ready to open positions.
Execute the CALL option when the Stochastic line enters the overbought zone. In this case, EMA 10 should cross EMA 21 from bottom to top.
Execute the PUT option when the Stochastic line enters the overbought zone. In this case, EMA 10 should cross EMA 21 from top to bottom.
The contract expiration is set to three candles, which equates to three minutes in this case.
The “Double” strategy is a great choice for those looking to begin trading binary options successfully. Additionally, its potential for quick results makes it appealing to experienced traders. To achieve consistent profits with this strategy, simply follow the guidelines outlined in this article and maintain disciplined money management.
