When developing a new approach to trading that provides reliable and effective signals, many traders combine Bollinger Bands with the Relative Strength Index. This combination is particularly effective in turbo options trading. Turbo options are considered very risky, but they can deliver significant profits in a short period of time. Using the right Quotex trading strategy, you can accurately identify the direction of the trend — the primary objective of any trader working with binary options.
Before you start buying options, remember that you can reduce trading risks by using the Quotex cancel loss trade promo code. This allows you to cancel a loss trade of up to $10.
How to Set Up the Technical Tools Correctly
Turbo options should be traded on highly volatile assets, such as cryptocurrencies and currency pairs. When using both of these tools, trades should be opened on a candlestick chart with a 60-second timeframe.
The first indicator should be set with a period of 20 and a deviation of 2. The second requires more precision. By default, its period is set to 14, which is suitable for orders with an expiration time ranging from several hours to 3–5 days. For turbo options, however, this parameter needs to be changed to 7. The overbought and oversold levels should also be adjusted: using the default values of 30 and 70 in this Quotex strategy increases the likelihood of market “noise” and false signals:
How to Buy Turbo Options on Quotex
When using this approach, keep in mind that technical indicators often generate false signals on their own. For this reason, they should not be used in isolation. A combination of the two indicators above produces far more reliable signals.
When trading with this method, follow two simple rules. Buy a Call option when the following conditions are met:
- the Relative Strength Index has crossed upward out of the oversold zone;
- the price has broken through the lower Bollinger Band.
Put options should be bought in the opposite situation: the indicators should exit the overbought zone and the price should break through the upper Bollinger Band:
The expiration time for this Quotex strategy is 2 to 4 minutes. The trading principle is simple but effective. In short, trades are placed during periods of increased volatility, which is clearly visible thanks to the Bollinger Bands. When the price moves outside the bands, this signals a high probability that it will return to the channel, as price spends more than 80% of its time inside the channel.
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