Subject:

- Who is this strategy ideal for?
- Bollinger Band-Fibonacci binary strategy Indicators
- Signals Bollinger Band-Fibonacci system
- Bollinger Band-Fibonacci system – Examples
- Strategy Tweaks and Tricks
- Conclusion
- best bollinger bands strategy-iq option 2019(iq option bollinger bands strategy 2019)binary option

The **Bollinger Bands, Fibonacci based binary options trading strategy** works best for placing 60 second binary options trades. It makes use of Bollinger bands and automatic Fibonacci drawing tool.

### Who is this strategy ideal for?

This 60 second strategy is a rather simple set up despite the complexity involved.

The use of only the Bollinger band indicator, which is a trend/volatility indicator alongside the Fibonacci tool ensures that trades are placed in the direction of the trend on a retracement.

### Bollinger Band-Fibonacci binary strategy Indicators

- Bollinger Bands (20,2)
- 1-2-3 Pattern Indicator
- Chart Time frame: 1 minute

**Downoad**(1-2-3 Pattern MTF v3.1.ex4, 1-2-3-binary_scalper(ProfitFcom).tpl, 123Alarms.ex4)

### Signals Bollinger Band-Fibonacci system

**For Put Option**

- Visually scan the Bollinger bands.
If it is sloping downwards, then the trend is a down trend

- Wait for price to hit the 1.618 Fib level. It doesn’t matter if price closes at 1.618% or not
- Place a Put option on the next candle with a 60 second expiry

**For Call Option**

- Visually scan the Bollinger bands.
If it is sloping upwards, then the trend is an uptrend

- Wait for price to hit the 1.618 Fib level
- Place a Call option on the next candle with a 60 second expiry

### Bollinger Band-Fibonacci system – Examples

**Put Option**

- The Bollinger band in the above chart is pointing downwards, so the trend is down and we look for ‘Put Options’
- The 1-2-3 Pattern indicator plots the Fib levels and the candlestick denoted by the ‘Blue vertical line’ shows price hitting 1.618% Fib level
- A put option is placed immediately after the candle closes, resulting in a profit

**Call Option**

- The Bollinger band in the above chart was flat before turning upwards, indicating a change of trend so we look for ‘Call Options’
- The 1-2-3 Pattern indicator plots the fib levels and we place a 60 second expiry contract as soon as price crosses the 1.618% Fib level
- The call option placed results in a profit

### Strategy Tweaks and Tricks

The** strategy looks simple and robust** on its own and therefore no further tweaks are recommended.

### Conclusion

By combining the Bollinger bands for gauging the trend and momentum, and using the **1-2-3 pattern indicator** to identify retracement, this is a rather safe strategy to trade.

However, because we trade based off **1 minute charts**, it is important choose most trusted binary brokers that trades are executed quickly.

**Download FREE Bollinger Band-Fibonacci Binary System**

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