1-Minute Candlestick Strategy for Quotex OTC Market Overview This strategy combines multiple technical indicators and price action analysis to generate high-accuracy buy and sell signals for 1-minute candlesticks in the Quotex OTC market. The goal is to filter out false signals and adapt to market volatility. Indicators Used Relative Strength Index (RSI): Set to 14 to identify overbought and oversold conditions. MACD (12, 26, 9): For momentum and trend strength. Bollinger Bands (20, 2): To detect volatility and breakout points. Stochastic Oscillator (14, 3, 3): For more precise entry points during reversals. Support & Resistance Levels: Identify key zones from recent price action. Signal Criteria BUY Signal Price crosses above EMA 5 and EMA 10, while EMA 5 is above EMA 10 and EMA 50. RSI below 30, moving upwards. MACD histogram turns green, and lines cross bullishly. Stochastic lines cross upwards from oversold (below 20). Price touches lower Bollinger Band and bounces back. SELL Signal Price crosses below EMA 5 and EMA 10, while EMA 5 is below EMA 10 and EMA 50. RSI above 70, moving downwards. MACD histogram turns red, and lines cross bearishly. Stochastic lines cross downwards from overbought (above 80). Price touches upper Bollinger Band and reverses. Output Format Entry Point: Exact moment to enter the trade. Take Profit (TP): Based on nearest support/resistance and trend strength. Stop Loss (SL): 2x the average candle body size or below last swing low/high. Win Probability: Include a confidence percentage based on indicator alignment. Strategy Analysis This strategy aims to capture high-probability trades by confirming trends, identifying overbought/oversold conditions, and detecting volatility breakouts. Each indicator serves a specific purpose: Trend Confirmation: EMA 5, EMA 10, and EMA 50 ensure that the trade aligns with the current trend. Overbought/Oversold Conditions: RSI and Stochastic Oscillator help identify potential reversals. Momentum and Trend Strength: MACD provides insights into the trend's strength and potential reversals. Example Trade Suppose the current market conditions are: In this scenario, a BUY Signal is generated. The entry point is at 1.2000. Adapting to Sudden Market Movements Traders should: By following this strategy, traders can increase their chances of success in the Quotex OTC market.