EUR/USD Price Action Strategy for Binary Options

BBand Stop binary option strategy

BBand Stop Strategy is a 5 minute binary option trade strategy which uses BBand Stop alert indicator in MT4 to define ideal position to enter the trade.

How to setup the chart

Timeframe: M5
Template: BBand Stop Strategy (Download here: eDisk or UlozTo.Net)

How does this strategy work

Arrows (pointing up and down) will be displayed over/under the candles after adding BBand Stop alert indicator to MT4. Draw straight line from the candle near arrow as soon as the arrow was displayed. Draw the line from downside if arrow points up (see picture). Draw the line from upside otherwise.

When to enter the trade

Buying a CALL option:

  • If arrow pointing up appears and at least 3 candles share the same trend (1 small candle in opposite direction should not pose a risk).

Buying a PUT option:

  • If arrow pointing down appears and at least 3 candles share the same trend (1 small candle in opposite direction should not pose a risk).

What does this strategy look like

Bband stop

BBand Stop

I don't like this strategyI like this strategy (-385 rating, 3,994 votes)

Recommended broker for this strategy

BrokerMin. depositRatingTrade now!
200 USD9.8/10
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  1. I get it, you just need to read the directions better or over and over till you understand it. Simply put where the arrow occurs you need to draw a line from the highest point of that candle and drag it out. that would be your support or resistance line.

  2. Hi. I just realised that the blue horizontal lines on the chart are the drawn lines. I thought they’d been put there to draw our attention to the indicator. However, I am still mystified as to what they do. What is the purpose of the lines. My other questions in the previous post remain. This looks like a good indicator….I just can’t get my head around it at all!!

  3. I am also confused as to when you have entered the trades in this screenshot. Do you enter on the next candle after the arrow…waiting for the third candle in the trend? Should we wait until we see three trending candles close before considering an entry? Also, where are the lines that are drawn in and what is their purpose? Do they run vertically? Thank you.

  4. Hello, I don’t understand something here. On the first picture you drew a line from the first candle that displayed an arrow and then when it touches a candle later you say it’s a win (blue and red dots)? How is that so? For how long must the trade be?

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