The Double Doji Pattern Strategy for High Probability Scalping Trades

Last Updated on March 29, 2025 by Arif Chowdhury

Are you tired of inconsistent trades?

Do you want a strategy that boosts your chances of success?

Let’s dive into the Double Doji Pattern strategy for high-probability scalping trades.

This approach can seriously enhance your trading game. 🚀

The Double Doji Pattern is a powerful signal in Forex trading.

It consists of two consecutive doji candles.

A doji appears when the opening and closing prices are almost the same, indicating indecision in the market.

When two dojis form back-to-back, it signals potential reversals or breakouts.

Why should you care?

Statistically, the success rate of trades based on this pattern can exceed 70%.

This is huge when you’re looking to scale your trades.

Look for Two Dojis
- They should appear one after the other.
- Ideally, these should form at support or resistance levels.
Confirm the Trend
- Check the preceding trend.
- A double doji in a strong trend could indicate a reversal.
Volume Confirmation
- Increased volume during the formation of the dojis adds weight to the pattern.
- Look for spikes in volume to confirm your setup.

The Double Doji Pattern is all about timing.

It helps you enter trades with high probability, especially in fast-moving markets.

Here’s why it works:

Indecision Leads to Opportunity
The doji signifies market uncertainty, often leading to a breakout.
Quick Entries and Exits
Scalping means you’re in and out of trades quickly.
The doji pattern can help pinpoint those moments.

As a seasoned Forex trader since 2015, I’ve developed a unique approach that incorporates the Double Doji Pattern among other strategies.

My exceptional trading bot portfolio comprises 16 diverse algorithms across four major currency pairs: EUR/USD, GBP/USD, USD/CHF, and USD/JPY.

Each currency pair has a unique set of 3-4 bots, designed to minimize correlated losses.

This multi-layered diversification not only enhances profitability but also mitigates risks.

The bots utilize only H4 charts, targeting long-term trades of 200-350 pips, which significantly improves performance.

With my backtesting spanning 20 years, these bots excel under various market conditions.

And the best part? I offer this entire EA portfolio for FREE!

You can check it out here: My Trading Bots Portfolio.

Wait for Confirmation
- After spotting the doji pattern, wait for the next candle to confirm the direction.
- A strong close above or below the doji signals your entry point.
Set Your Stop-Loss
- Place your stop-loss just outside the doji pattern.
- This protects you in case the market reverses unexpectedly.
Take Profit
- Aim for a risk-to-reward ratio of at least 1:2.
- This maximizes your gains while keeping losses in check.

While the Double Doji Pattern can be lucrative, it’s not foolproof.

Market conditions can change rapidly, and false signals do occur.

Here are a few risks:

Market Volatility
High volatility can lead to unexpected reversals.
False Breakouts
Sometimes, the price may break out only to reverse quickly.
Overtrading
It’s easy to get caught up in the excitement. Stick to your plan.

As you refine your trading strategies, choosing the right broker is crucial.

I’ve tested several brokers and recommend you check out the best options available.

These brokers offer tight spreads, excellent execution speeds, and outstanding customer support.

You can find them here: Top Forex Brokers.

A reliable broker can make all the difference in your trading success.

The Double Doji Pattern Strategy is a valuable tool for high-probability scalping trades.

With the right approach and tools, you can significantly increase your chances of success.

Don’t forget to explore my 16 trading bots that integrate this strategy, designed to help you trade smarter.

And always choose a trusted broker to support your trading journey.

Embrace the power of the Double Doji Pattern, and watch your trading results soar! 🌟