Are you looking for a new effective trading strategy? What advantages do you want to get? What are you criteria for the effective strategy with stable profits on binary options? Well, you should consider two main parameters:
- The trading strategy is suitable for any asset.
- The trading strategy works for any time frame.
- The trading strategy is universal, simple, and understandable.
The trading strategy for digital options should be as simple as possible. In electronic contract trading, transactions are completed quickly, with a short expiration period. A trader simply does not have time to understand complex algorithms and their signals. We will discuss the Duet Trading Strategy in the article because many traders tested and used it to get good results.
Introduction to the Duet strategy
The strategy got its name because it is based on two Stochastics installed on the work area. Is it even possible? Yes, it can be done when we have different parameters. George Lane developed the Stochastic back in the 1950s. However, it never goes out of fashion and be found in almost any trading site like the Pocket Option platform.
Most traders prefer Japanese candlesticks for trading using the Duet strategy. However, you can choose anything you like. In terms of time frame for binary options, there is no point in choosing higher time frames, the M5 will fit perfectly.
Choose a volatile asset because the oscillators work extremely ineffectively with flats. Therefore, it is better to choose a currency pair that contains the American dollar or euro. For the Stochastic oscillator we use three parameters: the fast line %D, the slow line %K and deceleration. After you install two advisors on the workspace, set the settings of the first to 5, 3, 3, and the second to 14, 5, 3.
The setup is complete and can start trading.
How the Duet strategy works?
With the Stochastic, traders are guided by one of its signals: entering or leaving the “overbought/oversold” zones or crossing the fast and slow lines. In this case, we will use both signals simultaneously.
CALL option must be purchased when both Stochastics are in the zone from 0 to 20. In addition, on both oscillators, the fast line must cross the slow one from bottom to top.
PUT option is purchased when both indicators fall into the zone from 80 to 100, and their fast lines intersect with the slow ones in a lower direction.
The expiration period is set to 10 minutes.
As mentioned above, the Duet system is extremely effective in the binary options market. However, it is worth recalling that none of the existing strategies can provide 100% results. Therefore, do not forget about the rules of money management.
