The Double Red strategy is a binary options strategy that uses such skills of a binary options trader. This strategy is a Bearish strategy, or one that is based on the Put option trading, where a PUT option is purchased to take advantage of the market price’s decline.

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Double Profit Levels – free system by Vladimir Ribakov. This is strategy that Vladimir Ribakov offer for free on their Forex Libra Code website ( Forex Libra Code ). System based on 2 indicators (Moving Averages and filter-indicator) for MetaTrader 4. Double Profit Levels is professional-grade trading system Double Profit Levels Description Once the template has been applied successfully, your chart will look similar to this: You’re now ready to start identifying Buy and Sell trades! Before you can begin identifying Buy and Sell trade setups using the Double Profit Levels trading system you need to get familiar with the individual components of the system.

It is important to understand how to interpret the different positions you may encounter while trading the system. There are two indicators that are used in this system.

The first MT4 indicator is called the DPL1 and the second indicator is referred to as the DPL2. Let’s take a closer look at the DPL1 indicator.

As you can see on the image below, the DPL1 indicator comprises of 3 major Moving Average lines (Blue – Fast, Red – Medium and Yellow – Slow) and 5 minor Moving Average lines (2 dashed Blue lines and 3 dashed Yellow lines). What is the timeframe in binary options singapore. This indicator is used to determine whether the trend is Bullish or Bearish.

On the left hand side of the chart below you can see the lines have and on the right hand you can see the lines have formed a Bearish channel. The DPL1 indicator will ultimately determine the direction in which we trade. If the DPL1 indicator is Bullish, we will only consider entering the market with Buy trades. On the other hand, if the DPL1 indicator is Bearish, we will only consider entering the market with Sell trades.

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This is a great way to identify the market direction but in order to really pin point our trade entries we need to use the DPL2 indicator. On the following chart image, you can see the DPL2 indicator: When the DPL2 appears Red in color it means the trend is Bearish and we may only consider Sell trades.

The appearance of a Red Bearish Entry Arrow on the price chart will alert us to an area where we may consider entering a trade provided all other entry criteria have been met (more info on these other criteria on the next page). When the DPL2 appears Green in color it means the trend is Bullish and we may only consider Buy trades. The appearance of a Blue Bullish Entry Arrow on the price chart will alert us to an area where we may consider entering a Buy trade provided all other entry criteria have been met. When the DPL2 bars appear Grey in color it means price is in Neutral territory and we may not consider entering the market under any circumstances. Double Profit Levels SYSTEM RULES Now that you are familiar with the indicators used as part of the Double Profit Levels trading system it is time to get familiar with the rules for identifying Buy and Sell trade alerts. Here are the rules for Double Profit Levels entering Buy trades: Buy Trade Rules 1. Wait for a Blue Bullish Entry Arrow to appear on the.

We will refer to this candle as the alert candle. Confirm that the DPL2 bars are Green in color. Confirm that the DPL1 is Bullish. Confirm that price has broken above either the most recent high or a trendline. If this has not occurred as yet, wait for at least 2 candles to close before considering the signal void.

If all previous entry criteria have been met, measure the distance from the low to the high of the alert candle and identify the 50% level. If the most recent high or a trendline is broken a candle or two after the alert candle is formed, you will need to measure the distance from the low of the alert candle to the high of the breakout candle to identify the 50% level. Enter the market with a Buy trade using a market order when price pulls back and touches the 50% level. Alternatively you may place a Buy Limit order at the 50% level instead.

Set your Stop Loss a few pips below the most recent low. Set your Take Profit the same distance away from the entry level as your Stop Loss or greater. I recommend a minimum of 1:1 Risk/Reward Ratio or greater. On the following page you can see an example of a Buy trade as per the rules of the Double Profit Levels trading system. Us friendly binary option brokers. At Point 1 a Blue Bullish Entry Arrow appears on the price chart, this candle is the alert candle. At Point 2 we can see that the DPL2 bars are Green in color and at Point 3 we can see that the DPL1 has just started to turn Bullish.

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