BB1 strategy IQ Option

It is quite probable you have heard about the Bollinger Bands. Today you will learn about unusual Bollinger Band settings for 5 minute chart. These settings are the basis of the strategy we will share with you. Bollinger Bands is an indicator you will find among other tools on IQ Option. If it is, however, new to you, I encourage you to read our article about Bollinger Bands.

Now, I wish to present a new way of using the Bollinger Bands. It is known as the BB1 strategy.

Bollinger Band settings for 5 minute chart

Log in to your account. Choose the asset and decide on the amount of money you wish to invest. Select the Japanese candlesticks type of the chart. Then, click on the indicators icon and search for the Bollinger Bands.

The indicator has its default settings. For the needs of today's strategy, you will have to change its deviation to 1. That is where the name comes from – the BB1 strategy.

Bollinger Bands settings for 5 minute chart
How to modify deviation in the Bollinger Band settings for 5 minute chart on IQ Option

The Bollinger Bands indicator has a form of three lines. The central one is the Simple Moving Average. The other two create lower and upper bands.

Beneath there is a chart with two Bollinger Bands added. The SMA period has the same value, which is the reason why the central line is common for both. But the deviation varies. In the inner BBands it is set at 1, and in the outer at 2.

A comparison of BBands with different settings
A comparison of BBands with different settings

Trading with the BB1 strategy on IQ Option

Trading with the strategy BB1 is not very complex. Your task is to keep observing the chart and await the signals. I will write in a moment what they are.

Your position can last around three times longer than the timeframe of the chart. So if you use a 5-minute chart, the expiration time should be set for 15 minutes. It is not always possible because the expiration interval for binary options is 15 minutes. If for example, you will get a signal at 13:10, you can choose the expiration time as 13:15 or 13:30. Go for the next one, it is closer to 15 minutes.

expiration time
Use expiration time to be around 15 minutes if you work on a 5-minute chart

Opening short trades with the BB1

A signal to enter a short trade occurs when the candle closes below the lower line of the indicator. You should check the previous two candles. They ought to close above the lower band.

Below you will find the exemplary chart where such a situation took place. A candle signed as 3 closes below the lower band. Two previous candles (1 and 2) close above this line. Open a short transaction when candle number 3 closes or right at the start of the following bar. The trade can last the duration of the 3 successive candles.

A BB1 Strategy signal to go short
A BB1 Strategy signal to go short

Opening long trades with the BB1

For a long position to be opened wait for the candlestick to close above the upper border of the Bollinger Bands. Ensure that two former bars have closed below the upper band.

Consider the chart underneath. A green candle number 3 closes above the upper bands of the indicator. Two previous candles, one red and one green close below the upper line. This is a signal to open a position for the price increase. Do it when candle number 3 closes or the following candle opens. The expiration time should be set for around 15 minutes that is the duration of 3 consecutive candles.

A BB1 Strategy signal to go long
A BB1 Strategy signal to go long


The BB1 strategy is based on the Bollinger Bands indicator with a deviation of 1. Those unconventional Bollinger Band settings for 5 minute charts are the basis of today's strategy. Strategy produces trading signals in the trending markets. A signal to go short can be obtained during the downtrend and a signal to go long during the uptrend.

You have to observe the price bars and the Bollinger Bands lines. When the candles close below the lower bands, or above the upper band, you need to check where the two preceding candles have closed. If they close in the way I have described above, you can open a trading position that lasts as long as the development of three subsequent candles.

Test the BB1 strategy in the IQ Option demo account. It is available for free and you do not invest real money there. Check how it works and after some practice, you will be ready to move to the live account.

Wish you high profits!


IQ option products like CFDs and options are investments that can be risky. This means that if you invest in them, you could lose your money quickly. In fact, 83% of people who invest in CFDs with this provider "IQ Option" lose money. You should make sure you understand how CFDs work and if you can afford to risk losing your money. Remember, this article is not giving you any advice about investing. Any information about what happened in the past or what could happen in the future is just an opinion and not guaranteed to be true. Including examples given in the content displayed.
Be warned!

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Bart Bregman

Author / IQ Option expert: "My name is Bart Bregman, I have 9 years of full-time professional trading experience. I've been trading with IQ Option for more than 7 years, mainly on the shorter time frames doing technical analyses, and have many experience with Binary Options, CFDs, Options, and Crypto trading. There is no such thing as a bad trade! As a digital nomad trader, I'm mostly traveling all over the world. Follow my journey on Instagram at "

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