Strategy for the binary options broker Quotex - Zig Zag

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The strategy for binary options is based on the Zig Zag indicator. This tool shows the highs and lows of the price by connecting them with straight lines, bypassing small price fluctuations. Thanks to this, traders can determine the direction of the trend, ignoring the noise in the market. The Zig Zag indicator does not need to be considered to predict the future price action, it is only used to analyze the past time.

Traders actively use Zig Zag to trade binary options, often as the only indicator. The best time frame to work with is 5 minutes, and the optimal expiration time is 3 candlesticks.

Setting up indicators on the Quotex broker platform

When using the tool, you can use the standard parameters:

• Deviation: 5;
• Depth: 12;
• Back: 3.

The color of the line doesn't matter, but we set it to green.

Conditions for entering a trade on the Quotex broker platform

To open an up trade, you need to wait for the following conditions to be met:

• The Zig Zag line reached its lows;
• Wait for one or two bars to draw on the right to make sure the trend is reversing (preferably, these candlesticks are bullish);
• Entry into a trade is at the opening of the next candlestick.

The conditions for opening a down trade are:

• The Zig Zag line reached its highs;
• Wait for one or two bars to draw on the right to make sure the trend is reversing (preferably, these candlesticks are bearish);
• Entry into a trade is at the opening of the next candlestick.

The Zig Zag indicator is suitable for working with any currency pairs. The best period to trade is London and New York time.