Contents
Last updated: January 2026
Key Takeaways
| –The BB1 strategy focuses on Bollinger Bands with a deviation of 1 for 5-minute charts. |
| –This strategy is best suited for trending markets and provides clear trading signals. |
| –Practice the BB1 strategy on a demo account before using it on a live trading account. |
Introduction
You may already be familiar with Bollinger Bands. In this article, we’ll explore an unconventional way to use Bollinger Bands, known as the BB1 strategy, specifically designed for 5-minute charts. If you’re new to Bollinger Bands, we recommend reading our article on Bollinger Bands first.
Bollinger Band Settings for 5-Minute Chart
To set up the BB1 strategy, log in to your account, choose an asset, and decide on the amount of money you want to invest. Select the Japanese candlesticks chart type, then click on the indicators icon and search for Bollinger Bands.
Modify the deviation setting to 1, which is where the strategy gets its name – the BB1 strategy.
The Bollinger Bands indicator has three lines: the central one is the Simple Moving Average, and the other two create lower and upper bands.
Trading with the BB1 Strategy on IQ Option
Trading with the BB1 strategy is not complex. Observe the chart and wait for signals.
Opening Short Trades with the BB1
A signal to enter a short trade occurs when a candle closes below the lower line of the indicator. The previous two candles should close above the lower band.
Opening Long Trades with the BB1
For a long position, wait for a candlestick to close above the upper border of the Bollinger Bands. The two previous bars should close below the upper band.
Pros and Cons of the BB1 Strategy
Pros:
| Cons:
|
BB1 Strategy Settings Overview
| BB1 Strategy | Details |
|---|---|
| Bollinger Band Deviation | 1 |
| Chart Timeframe | 5 minutes |
| Expiration Time | 15 minutes (approximately three times the chart timeframe) |
| Ideal Market Condition | Trending markets |
| Practice | Use a demo account before moving to a live account |
Conclusion
The BB1 strategy is an unconventional way to use Bollinger Bands on 5-minute charts, focusing on a deviation of 1. This strategy works well in trending markets, providing clear trading signals. Practice the BB1 strategy using a demo account before moving to a live account.
🎯 Explore More Winning Strategies
Ready to diversify your trading approach?
Frequently Asked Questions
Q: What is the BB1 strategy?
A: The BB1 strategy is a trading strategy based on Bollinger Bands with a deviation of 1, specifically designed for 5-minute charts.
Q: How do I set up the BB1 strategy on the IQ Option platform?
A: Log in to your IQ Option account, select an asset, and choose the Japanese candlesticks chart type. Click on the indicators icon and search for Bollinger Bands. Modify the deviation setting to 1.
Q: How long should the expiration time be for the BB1 strategy?
A: The expiration time should be set for around 15 minutes, which is approximately three times the chart timeframe (5 minutes).
Q: How do I identify a signal to open a short trade with the BB1 strategy?
A: A signal to enter a short trade occurs when a candle closes below the lower line of the Bollinger Bands indicator, and the previous two candles close above the lower band.
Q: How do I identify a signal to open a long trade with the BB1 strategy?
A: For a long position, wait for a candlestick to close above the upper border of the Bollinger Bands. The two previous bars should close below the upper band.
Q: What is the key difference between the BB1 strategy and the conventional use of Bollinger Bands?
A: The BB1 strategy uses a deviation of 1, which is lower than the standard deviation of 2 commonly used in conventional Bollinger Bands trading.
Q: Can the BB1 strategy be used on other timeframes?
A: The BB1 strategy is specifically designed for 5-minute charts, but traders may experiment with other timeframes, keeping in mind that its effectiveness may vary.
Q: How can a trader improve the effectiveness of the BB1 strategy?
A: Traders can improve the effectiveness of the BB1 strategy by combining it with other technical indicators, such as the RSI or MACD, to confirm the signals generated by the Bollinger Bands.
