It will take years to make a qualified vaccine. You can see that in the global race against the Covid-19 pandemic. Although the situation is very urgent, it is still important to ensure safety every time a vaccine is introduced to the community because life is the most important thing.
In trading too, to ensure the survival of your investment, you must use highly effective trading strategies. Therefore, testing and evaluating a trading strategy cannot be quickly overlooked. For that reason, in this article, I will help you shorten the test time by reviewing the Underscore trading strategy in IQ Option.
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Underscore is a speedy trading strategy – are you ready for it?
By looking at the 1-minute candlestick chart, you will have signals appearing in a short time. They pass by very quickly. If you are not ready, you will miss out on many opportunities. That leads to regret, adversely affecting the trading process.
If you can’t make a definitive decision in no time, then I think this Underscore trading strategy really doesn’t suit you. But if you don’t feel like that matters, keep reading.
Pros
- Optimize profits in the short term. With long-term orders, it can take a lot of time to wait and get good signals to trade. However, with Underscore, you have to be ready to take chances because they appear a lot. As a result, it is normal to be able to complete your profit target within a few dozen minutes.
- Easy to set up the strategy quickly with 3 popular indicators in IQ Option.
- High security when trading with the trend.
- Usable for trading with any currency pair.
All of the above advantages shorten the time you need to sit in front of the computer screen. It allows you to do other things you enjoy beyond trading.
Cons
Aside from that, there are still disadvantages that you need to fix when using Underscore. It is the stress of having to constantly observe the market during the trading period. It would turn terrible if you missed out on 2 good opportunities while fetching yourself a glass of water.
What to do when missing out on good opportunities?
The answer is to do nothing. Past opportunities are in the past, set them aside. Pay attention to the current signals to make good predictions for the future.
Do not sit there with regret. This emotion will negatively affect the next trading orders. You must understand the problem that there are many opportunities in this market. If something goes wrong, it will only take you a little extra time to fulfill your profit goals.
It is better to turn off your computer after you have reached the desired profit. Don’t fall into making money and let greed dominate. It will make your decisions less accurate when emotions have invaded your mind.
It is still an immortal saying in trading that “the winner is the one who knows where to stop”. Therefore, if you want to be a successful trader, you must be calm and, importantly, know what is enough.
Review the Underscore trading strategy in IQ Option
- Trading currency pair: EUR/USD
- $50 for each trading order.
1st order: On April 29, at the EUR/USD, the Stochastic indicator was in the oversold zone. At the same time, the SMA50 (red) was below the EMA21 (purple) => Opened a DOWN order with an expiration time of 5 minutes.
2nd order: On April 30, at the EUR/USD, an uptrend appeared and the price adjusted slightly. While the Stochastic indicator was in the oversold zone, the EMA21 was above the SMA50. There were enough conditions to open a safe UP order for 5 minutes.
3rd order: On April 30, there was a downtrend in the EUR/USD currency pair. The price was in the overbought zone and the SMA50 was above the EMA21 => Placed a DOWN order with an expiration time of 5 minutes.
4th order: On the same day of April 30 and the same currency pair of EUR/USD, there was a downtrend. The price recovered and touched the oversold zone of the Stochastic indicator. Besides, the SMA50 was above the EMA21 => The entry conditions of the Underscore trading strategy for an expiration time of 5 minutes were fulfilled.
5th order: In the early part of May 1, the EUR/USD pair formed a downtrend. The Stochastic indicator showed that the price was in the overbought zone. In addition, the SMA50 was above the EMA21 => Placed a DOWN order for 5 minutes safely.
To conclude
The above review of the Underscore trading strategy shows very positive results. All are just statistical probabilities, so you may encounter winning orders like in this article or losing streaks. However, on the whole, this strategy is still profitable for the traders who use it. You just need to wait patiently for really clear opportunities and quickly seize them.
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