While binary options trading is easy and only requires traders to choose between two different outcomes, it isn’t always profitable without a strategy.
My honest truth,
You can lose so much money trading until you find a strategy with higher payouts and consistent profitability.
To help you bridge the gap between profits and losses in Quotex, I will use this blog post to show you some interesting details of my best Quotex 1-minute strategy that’s helped me take my trading game to the next level.
The Best Quotex 1 Minute Strategy 2023.
The strategy that I have shared below is concise and effective and only uses technical analysis tools available on the Quotex platform.
It combines two powerful indicators e.g. Bollinger Bands and the Relative Strength Index (RSI).
Follow this strategy and set the parameters of the indicators as in this blog post to start profiting from 1-minute trades.
Note that this strategy allows you to start trading with as little as $1 but you could stake more if you have a high-risk tolerance.
Quotex 1-Minute Strategy Overview:
- Set the trading timeframe on your chart to 1 minute
- Adjust the trade amount to $1. You can stake more if you are risk-averse to trading.
- Set the trade duration to 1 minute
- Add these two indicators to your chart: Bollinger Bands and Relative Strength Index (RSI)
How to set up our indicators for the Quotex 1-Minute Strategy
a. Bollinger Bands:
- Apply Bollinger Bands to your chosen asset’s price chart on the Quotex platform. You will find it under indicators as shown in the image below.
- Adjust the settings to period: 20 ( for the moving averages) and, standard deviation: 2.
b. RSI (Relative Strength Index):
- Add the RSI indicator to the same chart.
- Set the RSI period to 14. Or better yet, leave it as it is.
How to identify Entry Signals with the Quotex 1-Minute Strategy
- Bollinger Bands Squeeze: Watch for a period of low volatility indicated by a narrowing of the Bollinger Bands. This suggests that a significant price movement may be imminent.
- RSI Confirmation: When the Bollinger Bands begin to expand again, look for confirmation from the RSI. If the RSI crosses above the 30 level, it indicates a potential upward trend. Crossing below the 70 level on the other hand suggests a potential downward trend.
How to Execute a Profitable Trade With The Quotex 1-Minute Strategy
- Once you’ve identified a Bollinger Bands squeeze and received confirmation from the RSI, it’s time to execute your trade on the Quotex platform.
- If the RSI crosses above 30 and the Bollinger Bands begin to expand, consider placing a CALL (UP) option for the next 1-minute candle.
- Conversely, if the RSI crosses below 70 and the Bollinger Bands expand, consider placing a PUT (DOWN) option for the next 1-minute candle.
How to manage trades in the Quotex 1-Minute strategy
- Manage your trade by setting a 1-minute duration and a trade amount of $1, as per the strategy parameters.
- Be vigilant during the trade’s duration, and consider cashing out if conditions change or if you achieve a satisfactory profit on a running trade.
The 1-minute binary options strategy using Bollinger Bands and RSI on the Quotex platform provides a structured approach to trading in short timeframes.
By combining the Bollinger Bands squeeze with RSI confirmation, you can potentially identify favorable entry points with higher accuracy.
Remember to practice this strategy on Quotex’s demo account before transitioning to real trading.
As you gain experience and familiarity with the indicators, you’ll be better equipped to execute successful 1-minute trades and capitalize on market opportunities.