Trading on Pocket Option is available to both beginners and experienced traders. However, beginners often make mistakes that more experienced traders typically avoid, largely due to limited knowledge and experience. Specialized trading systems — which can also be used on Pocket Option — help prevent these mistakes. One such system is BBand, a short-term binary options strategy designed for trades with an expiration time of no more than five minutes. When followed consistently, its rules can generate a reliable, steady income.
How to Set Up the Terminal for This Strategy in Pocket Option
To use this strategy in the Pocket Option terminal, you will need a candlestick chart and a horizontal technical line. First, go to the "Chart Type" section in the menu, select the candlestick chart (labeled "Candles" in the terminal), and set the timeframe to M1.
Next, add a horizontal line to the chart. You can do this using the "Brush" icon on the top panel of the terminal, or via the "Constructions" submenu by selecting a horizontal line.
The line can be repositioned on the chart by holding down the left mouse button on the drag point and moving it to the desired level.
Once the terminal is set up, you can begin trading binary options directly on Pocket Option.
Also, keep in mind that you can start trading with additional funds by using promo codes for account top-ups from Pocket Option, and to improve your results with this strategy, you can use a promo code to cancel loss trade $10.
Rules for Buying Call and Put Options
As noted, this system operates on five-minute intervals. When identifying a market entry point, you should only consider price movement within the current five-minute period. For example, if a trader opens the Pocket Option terminal at 11:24, they should look for an entry between 11:25 and 11:30.
To avoid missing the start of a new candle, move the horizontal line to 11:25 using the method described above. Then wait for what the strategy calls a "correction pool" — a situation where the price enters a five-minute period, moves in one direction, and then returns to approximately where it started. The direction of that initial move determines which option to open.
Based on this rule, a Call option should be bought if the price dropped during the five-minute period but then returned to approximately its starting level.
A Put option is bought if, during the same period, the price first rose but then fell back to the opening level.
Regardless of the trade direction, the expiration time must always be set to 5 minutes.
Do not open a trade if the price has not returned to its starting level. A signal is also considered false if the price moves in one direction for more than five minutes before returning to the line — even if it eventually does return.
The BBand strategy has earned a solid reputation among novice traders who use it as their primary system. More experienced market participants often combine it with other tools.
OPEN AN ACCOUNT WITH POCKET OPTION
Not sure how this strategy or indicator works? Leave a comment below, and subscribe to our YouTube channel WinOptionCrypto — we'll answer your questions in an upcoming video.
See Also:
- How to Trade from Mobile Devices on the Pocket Option Platform
- Pocket Option Broker Platform for Windows
- How to Trade Express Orders with the Pocket Option Broker
- How to Participate in Tournaments on the Pocket Option Platform
- How to Use Signals on Pocket Option
To leave a comment, you must register or log in to your account.