The Everest strategy for the Quotex broker uses two popular and effective indicators — Envelopes and the Stochastic Oscillator — which together help you identify the best entry points for buying binary options.
The advantage of this strategy is that both tools are available directly on the Quotex trading platform, so you can trade without using the MetaTrader 4 terminal. The rules are also very simple, making the strategy suitable for beginners.
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 losing trade of up to $10.
Description and Configuration of the Indicators on the Quotex Platform
The Envelopes indicator is based on moving averages that form a channel similar to another channel indicator, Keltner Channels. However, it works on a different principle: one moving average is shifted downward and the other is shifted upward. As a result, the higher the market volatility, the wider the gap between the averages:
The Stochastic Oscillator is even more widely used. It compares the current price with the price range over a specified period of time — in simple terms, it shows overbought and oversold zones:
Before adding these technical analysis tools to the chart, you need to adjust their settings. Envelopes is used in this strategy with the following parameters:
- Period: "20";
- Deviation: "0.1".
All other parameters are left at their defaults:
The Stochastic Oscillator should be added with the following parameters:
- %K period: "5";
- %D period: "3";
- Smoothing period: “3”.
All other parameters are left at their defaults:
Trading Rules on Quotex
The Everest strategy produces its best results when trading with the trend, although this is not a strict requirement.
Buy a Call option when:
- Stochastic is below the "30" level and its lines are beginning to cross and turn upward.
- The price is below the Envelopes indicator.
Buy a Put option when:
- Stochastic is above the "70" level and its lines are beginning to cross and turn downward.
- The price is above the Envelopes indicator.
The recommended timeframe is 5 minutes, although other timeframes can also be used. The expiration time should be set to three candles.
Buying Call Options
In the example below, the Stochastic Oscillator was below the "30" level and in the oversold zone, while the price was below the Envelopes. Based on these signals, it was possible to buy a Call option with an expiration of 15 minutes (three candles):
Buying Put Options
The opposite situation is shown here: Stochastic is above the overbought level and the price is above the Envelopes, which made it possible to buy a Put option with an expiration of 15 minutes (three candles):
Conclusion
As you can see, the Everest strategy for the Quotex binary options broker is genuinely easy to understand and apply, since it relies on just a few conditions for entering a trade. That said, any strategy should be tested on a demo account first, and you should always follow the principles of money management and risk management.
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