The binary results for today, which ended early due to markets consolidating, shows a winning percentage of 67.75% overall for the week so far. Out of 21 trades, 17 did expire in the money (81%).
Binary Results for May 8th
The following rules are used for measuring the binary results use the following rules:
- Always use a two-hour binary option that has a minimum of six 15-minute bars remaining (an hour and a half).
- When the signal is sent, choose the ATM binary and set a limit order of $45 for longs or $55 for shorts.
- On the EURUSD, USDJPY, AUDUSD, GBPUSD, and USDCHF, if price moves two strikes in your favor, then consider taking profits (strategy takes profit).
- On the EURGBP, GBPJPY, and EURJPY, if price moves one strike in your favor, then consider taking profits (strategy takes profit).
When I saw the markets consolidating, I did stop the signals to avoid potential losses. The higher timeframes were overextended, which means they will retrace in the near future but the market was moving too slow for the necessary patterns to develop. Since I also trade the signals and I would not take them, I stopped the signals for going out.
The binary signals are available via a monthly subscription of $199 per month.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.