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
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
Recommended broker for this strategy