Strategy for the binary options broker Quotex - Aroon + Parabolic Sar

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The strategy for binary options is based on the Aroon indicator. This is an effective trading tool that allows you to determine the direction of the trend and its strength, as well as the transition from the trend to a sideways state. Thanks to this indicator, traders can predict further price changes. The tool consists of only two lines, and parabolic points are used to confirm signals.

Setting up indicators on the Quotex broker platform

Both indicators have simple settings. Aroon parameters are:

• Period: 14;
• The color of the uptrend line is green, the downtrend line is red

When adding parabolic points, the standard settings are used:

• Acceleration: 0.02;
• Max acceleration: 0.2;
• Point color: purple (green by default).

The described strategy is perfect for trading on the 5-minute time frame. The best expiration time is 3 candlesticks or 5 minutes.

Conditions for entering a trade on the Quotex broker platform

The condition for entering an up trade is:

• On the Aroon indicator, the green line crosses the red line from bottom to top;
• The appearance of a parabolic point under the price;
• The candlestick, under which the lines were crossed is bullish;
• Entry into a trade is at the opening of the next candlestick.

A down trade should be opened, when the following conditions are met:

• On the Aroon indicator, the green line crosses the red line from top to bottom;
• The appearance of a parabolic point above the price;
• The candlestick, under which the lines were crossed is bearish;
• Entry into a trade is at the opening of the next candlestick.

The trading strategy is easy to use and suitable for beginner traders.