Trading successfully requires the effective use of technical indicators. Quotex Free tools that can significantly enhance your trading skills are the Demarker and the Supertrend Indicator.Â
The Demarker Indicator aims to identify potential market highs and lows, best to trade with a 30 seconds quick trading entry for binary traders.
The DeMarkerIndicator can be extremely useful if adequately utilized and also best if combined with the ultimatefxtoolsindicators.
Combining it with Ultimatefxtools Indicators
We will trade (OTC) Over the Counter currencies using the Quotex Trading platform. With their free trading tools to start. It is crucial in the OTC market, where major currencies are bought and sold according to the current price.
In this strategy, we will be using two powerful technical indicators that would aid us in understanding and interpreting market trends more accurately. These would provide a systematic way of looking at charts with their specific algorithms.
We will use the Super Trend Indicator to identify trends and use it with our strategy. This amazing indicator helps you analyze whether it’s a bullish market or a bearish trend. It is especially useful in volatile markets as it calculates stop levels based on price volatility.
Combining two indicators will help us enhance our decision-making capabilities while dealing with OTC currency trades on the Quotex Trading Platform. The Super Trend Indicator will focus on overall trend direction. At the same time, DeMarker will guide us in understanding when a currency may be overextended and thus ripe for a pull-back or reversal.
See the video below on its specific perimeter settings:
Quotex Simple Trading Method
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