Best 1 Minute Strategy in Pocket Option

Bollinger Bands and RSI Indicators

We have an effective trading strategy that utilizes two popular technical indicators: Bollinger Bands and RSI (Relative Strength Index). By understanding rules and practicing this strategy using a demo account, you can increase your chances of success when trying into live trading.

The first step is to choose the indicators you require. In this strategy, we will be using the Bollinger Bands indicator and the RSI indicator. Adjust the settings of both indicators according to your preferences.

• Setting Up the Chart

Next, choose an appropriate expiration time and chart time frame for your trading. For this strategy, a 1-minute chart time frame is recommended.

Before proceeding with the trading strategy, it is crucial to observe the trend of the currency pair you wish to trade. If the trend is moving upward or downward, it is advisable to avoid trading that particular pair as it may be considered risky. Instead, focus on currency pairs that exhibit retracement levels, meaning they form higher highs and higher lows (or lower lows and higher lows for a downtrend).

Key Factors to Consider

When executing trades using this strategy, concentrate on three key factors: the Bollinger Bands indicator, the first RSI indicator, and the second RSI indicator.

1. Bollinger Bands Indicator:

   • If the candle is at the top of the Bollinger Bands indicator and inclined towards a downward trade, it indicates a potential selling opportunity.
   • If the candle is at the bottom of the Bollinger Bands indicator and inclined towards an upward trade, it indicates a potential buying opportunity.

2. First RSI Indicator:

   • Check if the RSI indicator suggests that the volume is high or low. If the first RSI indicator is near the middle line, it suggests that the volume is saturated.
   • If the first RSI indicator is above the middle line, it signals a potential downtrend.
   • If the first RSI indicator is below the middle line, it signals a potential uptrend.

3. Second RSI Indicator:

   • Similar to the first RSI indicator, check if the volume is high or low based on its position relative to the middle line.
   • A line above the middle line suggests a potential downtrend.
   • A line below the middle line suggests a potential uptrend.