The trading process can be sped up using a turbo strategy, which can also boost your trading activity’s profitability. Because of these short-term contracts, a profit can be realized every 60 seconds! The only thing left to do is learn how to forecast whether the price will go up or down in the upcoming minute. There are some flaws with the turbo strategy. For instance, because trading takes place on the shortest periods, it is sensitive to market noise. Turbo options traders combine a number of indicators to reduce noise.
How to set up indicators for turbo trading?
The Turbo approach makes use of two Quotex platform-available technical indicators:
The moving average displays the predominant price movement direction.
Fantastic oscillator; it indicates the force of price movements.
The turbo strategy’s fundamental tenet is to trade trend reversals. Because of this, the Awesome Oscillator is required to verify the signal. Choose the relevant button to turn on the indicator with the preset settings. You can see a histogram that is split by zero in a different window that is located below the chart.
A signal to buy a contract must be generated by three moving averages. The EMA 25, EMA 18, and WMA 7 are the criteria for MA. You must click the pencil symbol next to each Item in order to change the values mentioned above. When choosing the suitable moving average, be sure to include the timeframe.
WMA should be red, and two EMAs should both be the same color (yellow). Employ a Japanese candlestick chart with a 30-second timeframe. If you’re just getting started with binary options, choose currency pairs as your first asset.
How to buy turbo strategy contracts?
A signal to buy a contract must be generated by three moving averages. The EMA 25, EMA 18, and WMA 7 are the criteria for MA. You must click the pencil symbol next to each Item in order to change the values mentioned above. When choosing the suitable moving average, be sure to include the timeframe.
WMA should be red, and two EMAs should both be the same color (yellow). Employ a Japanese candlestick chart with a 30-second timeframe. If you’re just getting started with binary options, choose currency pairs as your first asset.
- PUT when the WMA crosses both EMAs from top to bottom, and the Awesome Oscillator moves to the negative (bottom) area.
The timeframe for turbo trading is 30 seconds.
The expiration time in this situation shouldn’t be longer than one minute.
You will be able to execute numerous transactions per day using the turbo technique for binary options, resulting in a constant increase in your deposit. Nonetheless, risk management should not be overlooked because trading occurs over shorter time spans. The turbo option technique necessitates tighter supervision over the handling of trading funds. Use no more than 2% of your account balance to complete each transaction for the best balance of reward and risk.
FAQS:
Q: What is the Turbo Binary Options Strategy on Quotex?
A: The Turbo Binary Options Strategy is a trading technique that involves making short-term trades on binary options with expiry times ranging from 30 seconds to 5 minutes.
Q: How does the Turbo Binary Options Strategy work on Quotex?
A: Traders using the Turbo Binary Options Strategy on Quotex will typically look for short-term price movements and use technical analysis tools to identify potential entry and exit points. They will then place trades with short expiry times to take advantage of these movements.
Q: What are some tips for using the Turbo Binary Options Strategy on Quotex?
A: Traders should use technical analysis tools, such as charts and indicators, to identify potential price movements and entry and exit points. It’s also important to have a clear trading plan in place and to use risk management strategies, such as stop-loss orders, to minimize potential losses.
Q: What are the advantages of using the Turbo Binary Options Strategy on Quotex?
A: The Turbo Binary Options Strategy can provide traders with the ability to make short-term trades and potentially generate quick profits. It can also be used in combination with other trading strategies to further improve trading performance.
Q: Are there any risks associated with using the Turbo Binary Options Strategy on Quotex?
A: Like all trading strategies, there are risks associated with using the Turbo Binary Options Strategy on Quotex. Traders should be aware of potential market volatility, market conditions, and other factors that could impact their trades. It’s also important to use risk management strategies, such as stop-loss orders, to minimize potential losses.
