The Doji Strategy
This candlestick strategy is based on the closing price. Candlestick analysis of the market allows you to accurately determine the points of change in the direction of the market (that is, its trends). In order to work productively according to the strategy, you need to find a Doji candlestick and correctly determine the trend.
The body of the Japanese Doji candlestick
Recall that Doji are Japanese candlesticks, in which the body is extremely small, and the shadows are quite long. The symmetry and length of the shadows play a secondary role in Doji. An important element of this type of Japanese candlesticks is the body and its attributes, while the body can be of three types:
- narrow dark: the opening price is quite a bit higher than the closing price,
- narrow light: the opening price is quite a bit lower than the closing price,
- Line: The opening price is equal to the closing price.
You can see the types of Doji candles here.
Strategy signals
- If a Doji candlestick appears after a bullish trend, you should prepare to buy a PUT option (down). At the same time, we expect the price to move down.
- If the Doji candlestick occurs after a bearish trend, we are preparing to buy a CALL option (up). At the same time, we expect the price to move upwards.
Results of the strategy
- The best results are obtained when Doji is formed near the support and resistance lines.
- Doji’s appearance during the news gives false signals.
- The Doji strategy is most effective when combining trend indicators.
Doji Strategy at Binomo Broker
We recommend working with Doji candlesticks in the reliable terminal of the Binomo broker. Among the advantages of the company: positive feedback from traders, a simple personal account (with a history of transactions, information about the status of the deposit), a convenient functional terminal equipped with the necessary tools, a mobile platform, training materials, and many ways to withdraw earnings. You can get acquainted with real reviews about the Binomo broker, as well as ask questions to traders here.
A detailed review of the Binomo broker is here.
Go to the official website of the Binomo broker here.
In order to buy a
CALL
option in the Binomo trading terminal, follow these steps by going to the binomo.com website and preparing the option, indicating:
- Type of asset
- Expiration
- The size of the bet
- Forecast of quote movement: UP
- Click the “buy” button and follow the results.
In order to buy
a PCI
option in the Finmax trading terminal, follow these steps by going to the binomo.com website and preparing the option, indicating:
- Type of asset
- Expiration
- The size of the bet
- Forecast of quote movement: DOWN
- Click the “buy” button and follow the results.
Bonuses broker Binomo
The advantage of Binomo is a lot of promotions and bonuses for every taste, which can be found here. Working on the platform with bonuses, the trader not only gets a good chance of high profits, saves his capital, but can also get the most out of trading faster.
Binomo Weekly Tournament
Weekly tournaments from the official Binomo website are an opportunity to get real money for free. Such tournaments are held on Thursdays, traders with any experience who have a demo account with a broker can participate in them. The main prize, which is awarded to the winner with the highest profit during the tournament, is options worth $150.
Participate in the Binomo tournament
Tagged with: Binary Options Strategy
