Here’s a Pocket Option strategy  for those who don’t have the patience to wait for long expiration dates and want to try their hand at aggressive scalping, with the goal of taking home a good profit!

Attention! Pocket has updated its link for all countries: https://bit.ly/PocketStrategy

This trading system takes inspiration from classic setups widely used by traders, such as Bollinger + RSI etc., that is, a channel where the price moves between the bands and an oscillator that identifies the overbought and oversold areas.

The strategy will be executed on Pocket Option , using two of its built-in indicators which we will adjust appropriately.

Setting

Time Frame 1 minute
Expiry 1 Minute.

Indicators used:

Donschian Canal

CCI  (20)

The CCI oscillator is well known to traders as it is often used and identifies areas where the asset is traded too much (or too little), while the Donschian channel is less well known, but nothing complicated, if anything just think of something similar to the Bollinger Bands.

The Donchian Channel is an indicator named after its developer. It is formed by considering the highest high and the lowest low of the last n periods. The area between the high and low is the channel for the chosen period.

We insert the indicators and modify the settings as follows:
Donchian Channel period 5

CCI Period 20, 90 and -90 levels.

Entry rules

Example of a bearish opening (Sale)

SALT

The candlestick touches the upper line of the channel, and the CCI line must at least touch the 90 level in a bearish direction. Enter after the close of the current candlestick, provided that the CCI line continues to touch or exceed the level.

BUY

The candlestick touches the lower line of the channel, and the CCI line must at least touch the 90 level in a bullish direction. Enter after the close of the current candlestick, provided that the CCI line continues to touch or break above the level.

Note: It is important that the CCI clearly shows a trend reversal, i.e. the line must bend in the expected direction and at least touch the 90 level.

The figure below shows an example of how prices sometimes follow the bands. Wait patiently for a reversal.

Suggestions

While the strategy works in most cases, there will be times when prices continue to follow the bands.

If a trade goes down, don’t open new trades, that is, don’t try to recover. Accept the single loss; new opportunities arise every few minutes. It’s also good practice to change assets , always OTC 92%.

Also check that the payout before the trade is still at 92%. Pocket likes to change the payout without warning.

Conclusion

By following the rules you will have a good percentage of successful trades.

We’re talking about a 92% payout. To make a profit, you simply need to exceed 60% positive, meaning 6 wins/4 losses out of 10 trades.

If you are considering using Pocket Option as our affiliate, here is the universal link: https://bit.ly/PocketStrategy

Happy Trading!